Social Security solvency
Do you have a Backup Retirement Plan?
Social Security is getting closer to a point of insolvency. This is not the first time it has been in trouble and the government has always managed to tweak it and make it work. Just in case that doesn’t happen…
Should Congress Reverse HR82?
The Social Security Fairness Act was signed by then President Joe Biden in December 2023. This eliminated WEP and GPO offsets for government employees who get a pension and did not pay into Social Security while they were working in…
A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
A National Retirement Savings Program–A Way to Ensure Retirement Security?
The news these days is awash with projections of Social Security’s impending demise. Given the constant doom and gloom, it’s understandable that many recent retirees and, more importantly, those looking ahead to retirement develop a sense of despair. After all,…
How Americans would prefer to solve the Social Security insolvency
The Social Security Trustees estimate that if lawmakers take no further action, Social Security’s combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust fund reserves will be depleted in 2035. After 2035, Social Security could still pay roughly…
There aren’t any quick fixes to Social Security insolvency
When combining the Old-Age and Survivors Insurance Trust Fund (OASI) and the Disability Insurance Trust Fund (DI), Social Security will be able to pay 100 percent of total scheduled benefits until 2035, according to the Social Security Trustee Report for…
An Analysis of the Future Potential Result of the Passage of HR82
The repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) made the headlines at the end of 2024. So what happens next? How will the repeal affect Social Security Solvency? Will there be some corrective tax…
Potential Social Security Changes Under New Administration
President Trump has already made changes during his first day in office. So far we do not know when or if there will be changes to Social Security. His main agenda is to eliminate federal taxes on Social Security benefits.…
Migrant Contributions to Social Security
Millions of migrants living in the United States illegally pay into Social Security but are not eligible to collect it. Mass deportations could affect the financial solvency of the program. Jeff Arnold for NewsNation explains here… As an example of…
Is There a “Best” Age to take Social Security benefits?
There are many perspectives on this question. Here at the AMAC Foundation, we tell people to consider their finances, health and family longevity when making the decision. The hard part of this is that no one knows when they will…