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While Social Security is not in danger of going away completely, but…
Roughly 50 percent of workers aged 30 to 64 worried about their ability to collect Social Security benefits in the future. However, despite the rumors, Social Security is by no means on the verge of going broke. The program is designed so it cannot run out of money because it’s funded by payroll taxes. In Maurie Backman’s article, she states while Social Security is not in danger of going away completely, there’s a very real change that recipients might see a 21 percent reduction in their scheduled benefits in 2034. Read her suggestions on the smart moves people should make to avoid financial struggles down the line. Read her article here…
AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past several years. Read AMAC’s plan here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.