In this wide ranging podcast, CPA Dave Hall interviews Russ Gloor, Social Security Advisor for the AMAC Foundation and author of the popular “Ask Rusty” series of publications. Retirement Risk Advisors is a Nevada-based company which provides educational services to CPAs nationwide, including a weekly podcast addressing the needs of CPAs who counsel their clients about retirement.
In this program, Dave Hall and Russ Gloor discuss several topics, starting with information about the AMAC Foundation and the services it provides, moving on to some typical Social Security benefit scenarios which are regularly encountered, and finally about solvency of the federal Social Security program.
But more than just discussing the solvency problem, the podcast also highlights a solution to Social Security’s financial issues being proposed to Congress by the Association of Mature American Citizens (AMAC). Fast moving and informative, this podcast provides important information all Social Security beneficiaries, and those aging into Social Security, should be aware of.
”There is no question that Social Security must be reformed to come to grips with today’s reality.” – Russell Gloor
Audio featured on the Retirement Risk Show – Retirement Risk Advisors
Key Topics:
- History of discussions about the insolvency of Social Security, the current state of the program, and possible solutions
- The advantages of delaying claiming Social Security and how it can impact lifetime benefits
- Overview of the Social Security Guarantee proposal from AMAC to address the solvency issue
- Discussion of myths and misunderstandings surrounding Social Security, including the idea that people won’t get back what they’ve paid into the program
- Importance of understanding Social Security as a critical component of retirement planning
Check out the latest Ask Rusty book, “Demystifying Social Security,” available as a Kindle eBook on Amazon.com or a print version can be requested at info@amacfoundation.org
We can’t keep giving Social Security funds to immigrants that never paid into the system!
Donovan,
Immigrants who never paid into the Social Security program cannot and do not receive Social Security retirement benefits. Everyone who collects Social Security must have either earned it by working and contributing to the program, or be a legal U.S. resident and dependent of someone who has. Those in the United States illegally cannot and do not receive Social Security benefits. If you know of any instances where you believe someone is receiving Social Security benefits they are not entitled to, I suggest you report that to Social Security’s Office of the Inspector General at this link: https://oig.ssa.gov/report/. All reports of suspected fraudulent Social Security activity will be thoroughly investigated and, if warranted, vigorously prosecuted.
Russell Gloor
National Social Security Advisor
The AMAC Foundation