Headlines
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…
“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,…