Headlines
CBO’s 2016 Long-Term Projections for Social Security: Additional Information
Just before the Christmas Holiday break, the Congressional Budget Office issued updated projections for the Social Security Trust Fund balances. Here’s an excerpt from their announcement: Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted…
Some Commonly-held Misunderstandings About Social Security
Despite its widespread popularity and the fact that Social Security impacts more than 66 million beneficiaries each month, there are still some fundamental aspects of the program that aren’t clearly understood by many. The program’s overall short-term solvency is one…
Christmas Greetings from the AMAC Foundation
On behalf of the AMAC Foundation and it’s constituency, the Social Security Report’s editorial staff extends to all of its readers a sincere wish for peace, comfort, and joy during this Holiday Season. And in keeping with the spirit of…
Why Social Security recipients are losing their purchasing power
It’s certainly no secret to seniors who rely on Social Security that their purchasing power is declining fast, and a meager 0.3% COLA increase which was consumed by rising Medicare premiums did nothing to help. In fact, rising medical costs have…
The 5 year pre-retirement reality check
If retirement is somewhere on your horizon, chances are you’ve already done some level of planning and evaluation of your personal readiness to leave your career behind and ease into a comfortable life of stress-free leisure. This US News article…
The clock is ticking for your Required Minimum Distribution (RMD)
If you’re 70 1/2 years old or more, you only have a few more days to make sure you have taken enough of your Required Minimum Distribution (RMD) on your tax-deferred retirement accounts (401(k), IRA, etc.). If you don’t take enough,…
Social Security needs this reform
The financial well being of Social Security and those who rely on it in retirement has been a topic of passionate discussion for years. Likewise, many articles have been written about the lack of savings accumulated by those approaching their…
The five biggest fears about retirement
A recent survey showed that over half of American workers are nervous about their financial security and health in retirement. These worries include whether their savings will be enough, the solvency of the Social Security program, their future health and…
How much do you need to retire?
It’s the question that nearly everyone thinking about retirement asks: “How much do I need to retire?” Many articles have been written on this topic, and a lot of them give a fairly complicated response which usually ends with the…
IRA: Time is Running Out
In 2015, over forty million U.S. households owned at least one type of IRA. It is unknown how many of these households are aware there are requirements they might need to meet before the end of the year to avoid…