Headlines
Social Security’s Looming Insolvency…deja vu all over again?
Although he claimed he never said most of the things he said, baseball legend Yogi Bera is remembered by many for his utterance, “It’s deja vu all over again!” That phrase seems to be popping up frequently these days in…
A Perspective on Social Security’s Looming Insolvency
We’re well inside of a decade until Social Security’s accumulated reserves disappear completely. The nearly $2.9 trillion financial cushion that has been dissipating steadily for the past two years is expected to evaporate completely by 2033–and some project that point…
Encore Article: Medicare Coverage Options and Open Enrollment
This article was first published last fall but is worthy of this encore re-publication because the topic – Medicare – is one which affects a majority of our readers all year long. Originally published by the non-profit Kaiser Family Foundation…
The WEP/GPO Debate Rages On
Congress has been under considerable pressure lately over two Social Security provisions which have, for decades, irked some retirees from public service. The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) affect those who have a federal, state,…
Is there an ideal age to claim Social Security?
Is there an ideal age to claim Social Security? Well, recent research on this topic suggests that age 70 is the best age in most circumstances but, curiously, that is not the age at which most beneficiaries actually claimed. A…
About Increasing Social Security’s Full Retirement Age
With Trust Fund depletion looming on Social Security’s financial horizon, there is no shortage of ideas for resolving the program’s financial woes to avoid a potential across-the-board cut in everyone’s benefit in less than a decade. Included in most discussions…
When Should You Claim Social Security?
It’s the question our AMAC Foundation Social Security Advisory Service is most frequently asked – “When should I claim my Social Security benefits?” And the underlying hidden inquiry is “how can I maximize my Social Security benefit?” Truth is, there…
Retirement savings crisis
Is there a retirement savings crisis in America? Yes; according to a recent survey, over three-fourths of Americans agree that there is a retirement savings crisis. Over half of the respondents cited their concerns that they cannot achieve financial security…
Who pays the most and least in taxes
Does the average American pay too much in taxes? A recent poll from AP-NORC found “only about 18% of adults correctly identified the group facing the highest federal tax burden, which is high-income Americans.” Alex Muresianu, a senior policy analyst…
Retaining older workers
In his annual letter to investors, BlackRock CEO Larry Fink addressed the issue of America’s lack of retirement savings and the aging workforce. Mr. Fink challenged “HR departments to find ways to hire and retain older workers, but also help…