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Social Security: Can it go bankrupt?
If you’re at that point in your life where retirement is on your horizon, it can be pretty disconcerting to hear so many reports about how Social Security “is going broke” or will be bankrupt by the time you need it. After all, you’ve paid into it for your entire working career and were depending on it being there for your golden years. But what is the truth? Well, this edition of Simply Money appearing at Cincinnati.com reveals that Social Security can never really go bankrupt, but it does have some financial issues that need to be resolved or future benefits may be cut. Click here to read more.
AMAC 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.