Headlines
President Biden and Social Security Changes? None yet.
With insolvency just a decade away, something will have to give on Social Security, as benefits will be cut 23% for all automatically without reform. Keith Speights looks back at various proposals Biden has openly supported over his years in public…
Social Security Reform: A Retrospective on the 1983 Changes
For the second time in the past five decades, Social Security finds itself at a major decision point. One of the fundamental differences between now and the early 1980s, though, is the timing of the absolute financial crisis. The changes…
The Growing State of Apprehension About Retirement
In the midst of growing accounts of Social Security’s rapidly evolving reserve fund depletion, there’s a curious mindset developing with respect to how future retirees view their post-career financing picture. To be specific, Financial Advisor IQ’s Alex Padalka, in a…
An Argument Against Privatization of Social Security
Social Security is in trouble…no doubt about that. In fact, we’re now less than a decade from the program reaching its point of insolvency–the point at which all accumulated reserves are fully depleted. These reserves, which had reached a high…
Saving Social Security: The Arguments Are Mounting
In an interesting article appearing recently on ThinkAdvisor.com, Senior Reporter John Manganaro offers a broad assessment of emerging views on the potential direction of Social Security reform measures. Manganaro begins with an analysis of the debate on the pros and…
Social Security Solvency: Congressional Inaction is Not the Answer
The rhetoric is heating up these days on the subject of Social Security’s looming insolvency problem…and that’s certainly no surprise to anyone who’s been tuned in to this slow-moving train wreck. Indeed, through the years, many bills have been introduced…
Traditional IRAs and taxes
It is tax filing season; did you take all your tax deductions? A simple way to get a tax deduction is by using a retirement account. If you don’t have access to a workplace retirement plan and your annual income…
Immigration, Social Security, and Medicare
Immigration is a controversial topic in today’s political world, especially illegal immigration which is often embroiled in passionate discussion, pro or con. However, stepping away from the often hardline and passionate views of either side, looking dispassionately at how immigration…
Customer Service at Social Security
As a private, non-profit corporation, the AMAC Foundation operates an acclaimed Social Security Advisory service where 98% of our customers are highly satisfied, a record to be envied by the Social Security Administration (SSA). Indeed, we regularly hear from those…
Misguided Popular Beliefs about Medicare
Here at the AMAC Foundation’s Social Security Advisory Service we frequently dispel myths about America’s Social Security program, and we occasionally encounter myths about the nation’s premier healthcare plan for seniors (plus others) known as Medicare. But that doesn’t make…