Latest News
Will Social Security go bust?
There is much conversation circulating on social media as well as in magazines and news articles about Social Security’s financial woes, sometimes saying that Social Security is headed for either bankruptcy or insolvency. Especially on social media, but also often in news articles, much of what is said is hyperbole designed to stir emotion and is, unfortunately, often an inaccurate description of the true situation. In this article appearing in The Athol (MA) Daily News, certified Social Security Advisor Russell Gloor at The AMAC Foundation responds to a reader’s concerns about Social Security going “bust” and not being there to pay benefits in later years. Click here to read more.
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.