Social Security Guarantee

Democrats Up the Ante on Social Security Giveaways

Proposals by Democrats are aplenty each congressional session promising enhanced Social Security benefits, whether as cost of living adjustments, one-time payments, or permanent minimum benefit increases.  The problem with nearly all, which are intentionally written to be enticing to the…

Op-ed: Social Security can push the elderly into poverty when a spouse dies

Max Richtman, president and chief executive of the nonprofit National Committee to Preserve Social Security and Medicare, has a lengthy opinion piece here stating that survivor benefits are no longer adequate for many 21st century widows and widowers. He describes the…

AMAC Says Preserve & Modernize Social Security Now

President Biden and the 117th Congress will confront a Social Security program facing long term financial problems whether either likes it or not.  Life expectancy has increased by over 20 years since the program began in 1935.  Biden campaign promises of…

AMAC Revamps Social Security Guarantee. Notes Now More Important Than Ever.

AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first introducing our Social Security Guarantee (SSG) almost seven years ago has been to preserve this important program for current and near retirees…

Stimulus Negotiations and Comments on a Payroll Tax Holiday

Pre-recess deliberations on another coronavirus relief package are continuing amid complex and divergent viewpoints on the size and content of further relief. From a Social Security standpoint, one of the concerns continues to be the administration’s continuing push for a…

The Debate on Payroll Tax Elimination

President Trump, in a Coronavirus Task Force briefing yesterday, discussed his thoughts on cutting and/or eliminating the payroll tax withheld by employers, thereby generating immediate financial relief for workers. The 7.65% payroll tax (6.2% for Social Security and 1.45% for Medicare) represents…

Social Security and the Candidates: Who’s Saying What?

Political footballs are nothing new, especially in an election year. And Social Security reform has, as expected, risen to the attention of the remaining candidates for the Democratic presidential nomination. Just take a look at the exchange of viewpoints that surfaced…

The Myth Goes on: Millennials Believe Social Security Will Disappear

As NerdWallet’s Liz Weston trumpets in the opening of her article posted today on postregister.com, “Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one.” Ms. Weston cites the results of a recent Transamerica survey…

Social Security:  What Does Insolvency Actually Mean?

The dictionary definition of insolvency is, “the inability to pay one’s debts”  So, when The Social Security Trustees report that Social Security will be insolvent in 2034, what does that mean? To begin, Social Security is not going bankrupt.  Political…

A High-Level Look at Social Security’s Health

Jeremy Glaser (Morningstar Senior Director, Editorial), discusses a variety of issues associated with Social Security in an interview with Tim Steffen Baird’s Director of Advanced Planning on www.morningstar.com. The first part of the interview deals with the Medicare hold harmless provision and its…

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