Social Security solvency
A Perspective on Taxation of Social Security
“How can I avoid having my Social Security benefits taxed?” That is a question we are regularly asked here at the AMAC Foundation’s Social Security Advisory Service. And the unfortunate answer for many who ask is that “you cannot!” As the old…
More about Social Security’s financial future
Unless you pay little or no attention to the news these days, you are already aware that Social Security is facing a financial issue in only about 6 years (2033). We’ve chronicled that fact fairly often at this website. Continuing…
Social Security Legends, Lies, and Misunderstandings
It never ceases to amaze me how some legends and myths grow over time, to the point that they are viewed as true, regardless of how inaccurate they might be. “Repetition does not transform a lie into a truth”[1] The…
Changes to Social Security are Coming Soon (hopefully)
If you are searching for good news about Social Security’s looming financial insolvency, it can be found in a recent estimate by Social Security’s actuaries that the Trust Fund balance wasn’t depleted as much as anticipated in 2025. But that’s…
Bad News for Social Security Beneficiaries?
This article, though somewhat pessimistic, suggests that Social Security is on a collision course with insolvency in the very near future. And if you regularly read articles published on this website, you are already aware of that dilemma – the…
Social Security and OIG Partner for the Seventh Annual National Slam the Scam Day
Baltimore, MD – The Social Security Administration (SSA) and its Office of the Inspector General (OIG) are partnering to fight back against Social Security imposter scams for the seventh annual “Slam the Scam” Day on March 5, 2026. The annual event,…
CBO Weighs In on Insolvency Projections
Although the official 2026 Social Security Trustees Report is still weeks away, most insolvency forecasts have been centered on 2032 as the date of full depletion for the program’s trust fund reserves. The Congressional Budget Office (CBO) recently cemented this…
Social Security’s steadily eroding base…and what it could mean to you
Social Security’s financial reserves — the cushion that, for the past few years, has enabled the program to pay scheduled benefits in full — are evaporating at an increasing rate. For example, in 2024, the program paid out $67 billion…
The myths of Social Security Trust fund
Will social and legacy media outlets be the downfall of the Social Security system with their perpetuated myths and fearmongering? The fact is that the Social Security Trust fund is projected to reach insolvency in 2032, forcing 24 percent across-the-board…
Waiting only makes the changes larger and more difficult
The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally…