Headlines
A bipartisan Congress presents a bill not to tax lump-sum Social Security Benefits Received by Retirees Affected by WEP and GPO.
In 2025, when the Social Security Fairness Act was signed into law, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were eliminated. These were created to offset the Social Security benefits of employees who received a pension…
Did You Know Your Social Security Payments Can Be Garnished?
Even though private creditors cannot touch your Social Security payments, the Federal Government can if you owe it money. You can also have your Social Security payments garnished if you are in arrears on child support or alimony. The type…
Nine States That May Tax Your Social Security Benefits in 2025
There are still nine states that may tax your Social Security Benefits in 2025. In 2026, only eight states will still tax Social Security benefits. This is the last year West Virginia is taxing Social Security benefits. Unless any of…
An Early 2026 Update on Congressional Activity on Social Security’s Insolvency Problem
Despite the popular notion that congressional attention to Social Security’s looming insolvency should be a top priority, not much has been happening on that front so far. Yes, there are a number of competing priorities, not the least of which…
Women and Social Security - AMAC Foundation “The times, they are a-changing!”
“The times they are a-changing,” Grandpa was fond of telling Grandma as they navigated through the Great Depression, the world changing around them on their small upstate NY farm. Although the Social Security Act was passed with much fanfare in…
Social Security and Clickbait…Often Related to Myths and Misunderstandings
Closing out this week’s round of Social Security postings, we take yet another page from Tom Margenau’s playbook. In a post today on syossetadvance.com, this distinguished and well-respected 32-year veteran of Social Security skirmishes examines one of the more common…
OBBBA Consequences Cited in New Trust Fund Insolvency Warning
The 2026 tax filing season kicked off officially earlier this week, and many taxpayers are eagerly awaiting an assessment of the impact on their personal financial situations. Larger refunds, or at least lower tax liabilities, are likely in store for…
Social Security’s Looming Insolvency–Know the Facts
Most folks tuned into current economic affairs are well aware of the projections that Social Security’s trust fund reserves, valued at nearly 3 trillion dollars just a few years ago, will be depleted by 2033 (or 2032, depending on the source). Reaching this point is…
Bipartisan Fiscal Commission Suggestion Surfaces (Again)
It’s been an on-again, off-again subject in the news over the years (for example, see our 2024 post on this topic), but now, with another two years closer to catastrophe, we see it once more. This time, the Committee for a…
Definition Time: The Old-Age Dependency Ratio and its Relationship to Insolvency
Perhaps the most significant story relating to the U.S. Social Security system these days is the onerous projection of its looming insolvency. Who hasn’t seen the headlines proclaiming Social Security’s impending “bankruptcy” or the incessant warnings of a major benefit…