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Fichtner on Social Security: Crisis is at our Doorstep

The Mercatus Center’s Jason Fichtner, a fellow at the Bipartisan Policy Center and senior lecturer at the Johns Hopkins University School of Advanced International Studies, today sounded the alarm for corrective action to address Social Security’s solvency problem, noting that…

Social Security Strategies: Understanding the “Break-Even” Analysis

The question of when to file for Social Security benefits is one of the most daunting decision points folks aging into Social Security face, and it’s predominantly a personal one based on individual factors. For example, when do you need…

Social Security Taxation and Tax Reform–A Missed Opportunity?

Tax reform enacted late last year brought with it a number of well-received economic incentives, but one thing it didn’t do was address the issue of taxation of Social Security benefits. In an article posted today on www.fool.com, The Motley…

Fixing Social Security: Agreements and Disagreements

It’s apparent that there is fairly universal agreement on the need to “fix” Social Security. This point was driven home once again by the program’s 2018 Trustees Report, with its repeated warning to Congress that “time is running out.” Ctnewsjunkie…

Despite the headlines, Medicare isn’t going broke

Since the Trustees’ report was released yesterday, many headlines have declared “Medicare Going Broke!!!”, or something similar.  But, according to this Forbes article by Howard Gleckman, that is just so much hyperbole because the program isn’t going broke at all;…

The 2018 Social Security Trustees Report

The Trustees have released their 2018 report on the financial status of  Social Security, a critical program relied upon by more than 62 million Americans for income during their retirement or disability. The good news is that things have not worsened…

Social Security’s “special issue” investments; very special indeed

Social Security’s Trust Fund, now holding reserves of over $2.9 trillion, is the financial repository for all monies used to pay current (and future) monthly benefits to America’s 62 million Social Security beneficiaries. The money in the Trust Fund earns interest which, in addition to income received…

Disappearing soon: The “file as a spouse first” (FAASF) option

Among the changes Congress made to Social Security back in 2015 was eliminating an option officially known as the “Restricted Application” and often referred to as “file as a spouse first”, or “FAASF”. This was an option which allowed a worker…

Using a “break even analysis” to decide when to take Social Security

A “break even analysis” can be a helpful tool when deciding if you should claim your Social Security benefits early, for example at age 62, or if you should wait until a later age in order to receive a higher…

Social Security’s Trust Fund: Where is the money?

There are two widely spread myths that have been floating around for years – that Social Security is going bankrupt, and that Congress or Presidents have raided the Trust Fund and used the money for other purposes and, if they’d…

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