Latest News

Social Security’s Solvency Issue: The Real Reason to Worry

One of the most persistent misunderstandings about the future of Social Security is the issue of the program going bankrupt, broke, or just plain gone. That’s not the real long-term problem, since as long as there’s a workforce paying FICA tax (also know as “Payroll Tax”), the program will have an income stream for use to pay earned benefits. Granted, without legislative action to address the problem caused by shifting demographics, these benefits may eventually shrink, but it’s a good bet Congress will be pressured into at least some form of corrective action.

The real issue is the declining ability of Social Security beneficiaries to stay ahead of inflation and its decimation of their purchasing power. An article by The Penny Hoarer’s senior writer Robin Hartill CFP Check it out here…posted on examines this predicament, providing current thinking on the “saving for retirement.”


Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers