How is Social Security funded? Is the program in trouble? - Think Advisor
According to a 2015 Gallup poll, many Americans don’t believe they will receive their full promised Social Security retirement income benefits. With complexity and confusion that surrounds financing of the trust fund, it makes it difficult for individuals to understand how much income they are likely to receive during retirement. In the attached article, authors Jason Fichtner and Michael Finke explains how the Social Security trust funds operate and answer some questions that surround the trust funds. Read their article here…
The Association of Mature American Citizens (AMAC) has long recognized this problem and its potentially severe impact on Seniors, and has been resolute in its quest for a solution. AMAC’s Social Security Guarantee has been consistently advanced in Washington as a bipartisan solution to resolving the long-term crisis. You can review this legislative framework proposal here.