AMAC Social Security Guarantee
The Universal Impact of Social Security Insolvency
Yesterday, the Committee for a Responsible Federal Budget’s (CRFB) Senior Vice President & Senior Policy Director, Marc Goldwein, participated in a discussion relating to CRFB’s “No State Spared: Mapping the Impact of Social Security’s Insolvency.” His comments addressed the interactive…
Closing Out the Week: A Look at Options to Address Insolvency
Whether it’s 2034, 2032, or 2031, the end of the road for Social Security’s asset reserves — the trust fund balances — is rapidly approaching. Along with that, of course, is a projected catastrophe in the form of a substantial…
Assessing the “Sovereign Wealth Fund” Insolvency Solution
A recent Senate Budget Committee hearing provided a forum for Senator Bill Cassidy (R-LA) to showcase a bipartisan proposal he and Sen. Tim Kaine (D-VA) have advanced for consideration to address Social Security’s looming financial disaster. The Cassidy/Kaine proposal, dubbed…
In the News: Social Security Benefit Cap “Gaining Attention”
The concept floated by the Committee for a Responsible Federal Budget (CRFB) to place a limit on the amount of Social Security benefits a single claimant, or a married couple, could draw is the topic of a post by Piyush…
Trump Executive Order Serves as a Prelude to Secure 2.0’s Saver’s Match Provision
President Trump’s April 30 Executive Order, titled “PROMOTING RETIREMENT-SAVINGS ACCESS FOR AMERICAN WORKERS BY ESTABLISHING TRUMPIRA.GOV,” has been enthusiastically received by the retirement industry, where it is recognized as a significant step forward in promoting the Saver’s Match provision set…
Concerns About Social Security Instability Fuel Drop in Retirement Confidence
Given the steadily rising media attention to Social Security’s looming insolvency, it should come as no surprise that workers–and even more so, retirees–are expressing growing anxiety about their ability to manage finances in retirement. A recent study by the Employee…
Friday News Roundup: Social Security’s Projected Insolvency A Hot Topic
This morning’s crop of Google Alerts on Social Security brought with it a sampling of eye-catching headlines. For example, Newsweek‘s “Social Security Shortfall Could Turn US Into Venezuela by 2032” and SILive.com‘s “Social Security Doomsday Clock is ticking: Here’s how…
Bipartisan Fiscal Commission Suggestion Surfaces (Again)
It’s been an on-again, off-again subject in the news over the years (for example, see our 2024 post on this topic), but now, with another two years closer to catastrophe, we see it once more. This time, the Committee for a…
Another Call to Action for Congress
“Key decisions can’t be put off any longer.” That’s the rallying cry in a post by The Motley Fool’s Maurie Backman today on Yahoo!Finance. A valiant message, for sure, but as noted in Tuesday’s headline post on this website, perhaps…
A Common Sense Approach to Social Security Reform?
In a well-written, somewhat light-hearted, but nonetheless timely and realistic discussion, Stanford Magazine writer Summer Moore Batte summarizes the thinking of two scholars on how to address Social Security’s rapidly approaching financial cliff. In her news.stanford.edu post, Ms. Batte captures…