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Social Security cuts may happen in 15 years
According to a report by the NY Times, Social Security will have depleted it’s reserves in about 15 years, which will result in a cut in benefits at that time. That is, unless Congress starts working together across the aisle and reaches a bipartisan solution before Social Security is in crisis mode. Though the NY Times article was very lengthy and quite detailed (see our post from yesterday), this NEWSMAX article by Jason Devaney summarizes this important issue which might affect the 63 million Americans now collecting Social Security benefits.
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.
Click here to read the NEWSMAX article by Jason Devaney.
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.