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Comprehensive review of US Retirement System needed
This Think Advisor article reveals that according to the Government Accounting Office (GAO), America’s retirement system structure needs a comprehensive evaluation and major overhaul in order to protect future seniors from an insecure and undignified retirement. The GAO reports that it’s been nearly 4 decades since the government has looked closely at the American approach to financing retirement, and that in that time the traditional retirement landscape has shifted dramatically. Click here to access the ThinkAdvisor article on the GAO’s report about America’s retirement system.
As reported in the above article, the financial vulnerability of Social Security is a key retirement system concern. AMAC - The Association of Mature American Citizens - has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.