Social Security solvency
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…
Are you Ready for Retirement?
Jeffrey Quiggle discusses Social Security and 401(k)s with best selling author Suze Orman. Social Security is not enough and could possibly be reduced in 2033. How can you be prepared for a cut in benefits? Read here… As an example…
How Should Social Security be Reformed?
According to an Article by Marc Gulberti the Social Security Fairness Act will harm the budget and create roadblocks in the future, while government retirees will get overly generous Social Security benefits that no other senior citizens in the country…
Effect of Eliminating Taxes on Social Security Benefits
It’s true that no longer paying federal taxes on Social Security benefits would put more money in Senior’s pockets. However, what would the impact be on Social Security if this avenue of income stopped coming in to the Trust Fund.…
A Clear Perspective on Whether or Not Congress has Stolen From Social Security
The popular opinion you may see on Social Media is that Social Security’s financial woes are caused by the fact that Congress stole money from Social Security and never paid it back. What is the real reason for the situation?…
CATO Analyzes Political Calculation Behind “Social Security Fairness” Passage
It’s been nearly two weeks since the Social Security Fairness Act was officially signed into law. In that time, and still today, the victory laps among those who sponsored or advocated for passage of the Act continue, as does the…
A Deeper Dive Into the Increased Full Retirement Age Question
The Social Security system’s steadily eroding financial picture is becoming more noticeable in the media these days, especially since approval of the “Social Security Fairness Act” deepened the hole. It’s not new news, of course, but we’re beginning to see…
Illegal Immigrants and Social Security: A Quirky Situation
It’s kind of a reversal of the oft-repeated mythical allegation that illegal immigrants are receiving Social Security benefits. (This allegation, incidentally, conflates Supplemental Security Income, which is not Social Security and Social Security benefits, and is miscommunicated repeatedly in social…
Myth Patrol: Dispelling Two Persistant Questions on Social Security Planning
In many respects, financial planning for retirement is somewhat of a crystal ball experience. There are certainly unknowns, and that makes planning difficult. But there are myths and misunderstandings, which add more uncertainty to the process. The American Society of…