Social Security solvency
Straight Talk about Social Security
Persistent emails to the AMAC Foundation’s Social Security Advisory Service accuse various politicians of squandering Social Security money for other, sometimes nefarious, political projects. The AMAC Foundation has exhaustively investigated this accusation and found it to be a myth –…
Will Social Security Disappear?
Well, no – it will not. But there is the problem that Social Security’s annual cost is more than the income it receives from working Americans, and income taxes on SS benefits, and interest from reserves held in the Social…
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…
Supreme Court hands White House a victory
In a majority opinion, with its liberal justices dissenting, The Supreme Court ruled that President Trump’s signature “DOGE” (Department of Government Efficiency) can have access to sensitive Social Security records. Although opponents feared that unfettered access to the records might…
Stop pretending that nothing is happening to Social Security
How important is Social Security to the American seniors? According to a recent survey from The Senior Citizens League, “67 percent of seniors said they rely on Social Security for more than half their income.” Among Social Security beneficiaries age…
Ask Rusty – Social Security Questions Asked Over Coffee
Dear Rusty: My coffee conversations with a group of friends have resulted in several questions about Social Security: Dear Curious: Thank you for your readership, and I’ll be happy to tackle your “over coffee” questions about Social Security: This article…
Potential Social Security Cuts
An ideal retirement is having enough money to live comfortably. Many depend on Social Security and have little to nothing else in income. As we edge closer to the Social Security Trust Fund becoming insolvent many are becoming concerned about…
It’s Social Security’s 90th year, Lets Look at some Data
Few government programs touch as many people as Social Security. A 2024 Pew Research Center survey found that 79% if U.S. adults said Social Security benefits should not be touched. This is a view shared by a wide range of…
Will Social Security Taxes Increase?
With the prospect of the Social Security Trust Fund running out of funds by 2035 some are concerned about a Social Security Tax Increase. There are several options to be considered to keep Social Security solvent and raising the tax…
Experts Weigh in on the State of Social Security
Social Security is not going away. However, if no changes are made, the combined Old Age, Survivors, and Disability trust funds are projected to be depleted by 2035. This is expected to necessitate a 20 – 25% decrease in benefits.…