AMAC
A Quick Recap of What Candidates Biden and Trump Say About Social Security
Most recently, the Biden and Trump presidential campaigns appear to be marching in step concerning their plans for addressing Social Security’s financial problems. Simply put, both have advocated for a “hands-off” approach, although both have also vowed to “protect” the…
Tax Foundation Weighs In on Medicare and Social Security Fair Share Act
Tax Foundation Senior Policy Analyst Garrett Watson’s detailed study of the proposed Medicare and Social Security Fair Share Act legislation introduced last year concluded that the measures “will not fully solve the entitlement crisis and will hurt economic growth.” In…
FRA Setbacks, Means Testing, and the Inevitability of Tax Increases–One Viewpoint
In a follow-on to last week’s GOP Presidential Candidate Debate, and after considering suggestions put forth by candidates Nikki Haley and Chris Christie regarding adjustments to the full retirement age and incorporating additional means testing into the benefit formulas, financial writer…
Our Social Security Program Continues to Evolve, But Some Things Do Not Change
It’s common knowledge these days that America’s Social Security program is presently locked into a trajectory that will lead it to insolvency in less than a decade. While there are many resolutions on the drawing board to avoid reaching that…
Raising Taxes to Rescue Social Security?
It’s mentioned a lot by pundits and Democrat politicians– raise payroll taxes to fix Social Security’s ill financial health. Maurie Backman explains the program’s troubles (insolvency hits around 2033-34) followed by various tax raising proposals. One is to increase the…
A Blunt Perspective on Social Security and Medicare
With Social Security and Medicare so prominent in the news these days, viewpoints on what the future will bring for these massive senior benefit programs are as varied as they are frequent. Yesterday afternoon, for example, TV host and syndicated…
Social Security’s Place in Your Retirement Strategy
It’s no secret that a retirement financial plan calling for total reliance on Social Security is doomed to present continuous struggles. In fact, as noted in the previous article posted in our “Latest News” section (click here), the average monthly…
Social Security’s Solvency Problem: Have Prospects for Resolution Dimmed?
The week now drawing to a close has been volatile on many political fronts, perhaps few more explosive than that of Social Security’s impending solvency issue. Despite the display of agreement expressed during Tuesday’s State of the Union event, it’s…
Social Security Briefly Takes Center Stage at SOTU
President Joe Biden momentarily waded into the Social Security minefield at last night’s State of the Union address with an implication that Republican leadership is advocating sunsetting of Medicare and Social Security. His remarks triggered a chorus of dissent from…
Washington has some big ideas for how to fix the Social Security problem
The Social Security program was never intended to be the sole source of income for American workers in their retirement. However, according to the Social Security Administration, more than 50% of seniors aged 65 and above rely on Social Security…