Headlines
Today is National Slam the Scam Day
March 7, 2024 is designated as National Slam the Scam Day by the Social Security Administration (SSA). Many articles and press releases are in the media, but this below is the Facebook blast that the SSA has sent out: On…
Retirement Crisis: Over half of Americans 65+ are earning under $30k per year
Juliana Kaplan, writing in Business Insider, summarizes a new report from Sen. Bernie Sanders, Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee. It looks at the bleak future facing some older Americans and those who hope to retire someday.…
A $6,638 Social Security Benefit Cut? Really?
Yes, all Social Security benefits are due to be cut without congressional reform of a program that’s been barreling toward insolvency for decades. As Sean Williams noes in this comprehensive piece, the time of reckoning is almost here. He explains…
The Fierce Urgency of Now & Social Security
“We are now faced with the fact that tomorrow is today. We are confronted with the fierce urgency of now. In this unfolding conundrum of life and history, there “is” such a thing as being too late. This is no…
Tax Foundation Weighs In on Medicare and Social Security Fair Share Act
Tax Foundation Senior Policy Analyst Garrett Watson’s detailed study of the proposed Medicare and Social Security Fair Share Act legislation introduced last year concluded that the measures “will not fully solve the entitlement crisis and will hurt economic growth.” In…
Senate Committee Examines America’s “Retirement Crisis”
The U.S. Senate Committee on Health, Education, Labor and Pensions, in a hearing yesterday morning, conducted an in-depth examination of retirement issues facing Americans today, receiving input from a slate of representatives from private and public organizations. In advance of…
Social Security’s Uncertain Future Leading to Strategy Changes for Millennials
It’s certainly no secret that the long-term future of Social Security is a little shaky, This should come as no surprise to anyone who’s given thought to how this once predictable component of retirement financial plans will fit into their…
Bipartisan Fiscal Commission Proposal Gets a Nod from House Budget Committee
House Budget Committee Chair Jodey Arrington (R-TX) recently emphasized the importance of moving ahead with legislation to create a bipartisan fiscal commission to address long-term federal deficit reduction, citing the need to focus on all aspects of the country’s finances…
Eliminating Tax-preferred Retirement Savings–A Way to Address Insolvency?
A study published recently by The Center for Retirement Research has called into question the possibility of eliminating “retirement saving tax preferences on employer-sponsored plans” and diverting the increased income tax revenue directly into Social Security to help address the…
When Should You Claim Social Security?
Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing…