Social Security
What will one’s NET Social Security increase be in 2021?
Medicare and Social Security are so intertwined that a common question we here at The AMAC Foundation get is this: “what will my net Social Security increase be?” That is, people seek to know how their monthly check will increase…
Modest increases in Social Security pay & Medicare premiums forecast for 2021
While the official cost of living adjustment (COLA) for Social Security recipients in 2021 will be announced in October, Paul Davidson of USA Today quotes one expert who says Social Security recipients can expect a 1.3% COLA. That’s according to…
Is a Second Stimulus Check in the Cards After All?
Neither political party wants to hand the other a victory so close to an election. That’s the reason usually offered by experts as to why another round of stimulus has failed to pass Congress. On September 15th, the bipartisan Problem…
65% of Near-Retirees Fear They Won’t Get Social Security Benefits at All
It’s a sobering thought indeed, but according to the SimplyWise September 2020 Retirement Confidence Index , 65% of Americans in their 50s are worried about Social Security being dried up by the time they retire. That people are focusing on…
What Will Social Security Benefits Look Like in 2021?
Social Security is not usually in the news as often as it has been lately. Chock up recent stories to a presidential election, a pandemic, and a soon to be announced cost of living adjustment (COLA) by The Social Security…
Social Security’s Structural Problems Are Hastening Insolvency
Sean Williams provides a thorough and comprehensive examination of Social Security’s well known long term financial woes in light of newly released Congressional Budget Office (CBO) data. While the pandemic is likely causing its own problems, CBO’s report focuses on…
Social Security is on voters’ minds: they do not want cuts
Perhaps it was recent news about President Trump seeking to defer payroll taxes for employers. Whatever it is, Social Security is definitely on the minds of voters as it has not been in recent elections. Lorie Konish of CNBC explores…
Caution urged before rushing to claim early benefits due to pandemic
Most Americans already claim Social Security at age 62, the earliest possible for retirement benefits. That choice comes with a permanent lifetime reduction, up to 30% off the monthly amount by not waiting until full retirement age (66-67 depending on…
What will a Biden presidency mean for America’s growing older population?
Chris Farrell of Marketwatch summarizes key points here from the Democrat party platform and Joe Biden’s website as it pertains to older Americans, though he notes both are “big on promises and light on funding details.” Biden would boost Medicaid…
Where Do The Candidates And Parties Stand On Social Security?
Steve Vernon of Forbes provides an overview of where Joe Biden and Donald Trump are on Social Security reform. The political conventions start this week, and the Social Security program just turned 85 last Friday, August 14th, so the issue…