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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…
“Political Malpractice” – Not Reforming Social Security & Medicare!
If you watch the news at all these days, you’ve witnessed most Democrats and some Republicans opining – even vowing – that Social Security and Medicare reform is “off the table.” The almost humorous antics on that topic during this…
The Social Security Solvency Dilemma – Part 3
Fixing the Social Security Solvency Dilemma Despite its potential for catastrophe, the problem of Social Security’s evaporating financial reserves is solvable, and the sooner the better. While popular rhetoric holds that the road ahead for Social Security will necessarily involve…
A Look-ahead at Next Year’s Cost-of-Living Adjustment…It Won’t be Pretty!
Social Security beneficiaries are still catching their breath from last year’s big run-up in inflation, using the extraordinary 8.7% COLA to fill some of the holes in their monthly expenses. The 2023 COLA was the largest in four decades, providing…
Social Security: Planning for What Could Happen
The airwaves seem to be alive with new concerns about Social Security’s impending funding crisis, with the March 31 publication of the annual Trustees Report suggesting that the date for full depletion of the program’s cash reserve could occur a…
The Social Security Solvency Dilemma – Part 2
Social Security: The Projected Depletion of Reserves The most recent Social Security Trustees Report projects that the Old Age and Survivors (OASI) Trust Fund will be fully depleted by 2033. When combined with the Disability Insurance (DI) Trust Fund reserves,…
The Social Security Solvency Dilemma – Part 1
The most recent edition of the Social Security Trustees Report moved the projected date for full depletion of the program’s trust fund reserves forward a year. While that’s not good news, certainly, it does have the effect of shining a…
An Analysis of the 2023 Trustees Report
The Social Security Administration’s Research, Statistics & Policy Analysis arm yesterday presented a summary review of the Social Security trust funds. The review follows the Friday publication of the detailed reports on the financial outlook for Social Security’s Old-Age, Survivors, and…
2023 Trustees Report Issued
The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are…