Headlines

What if Social Security paid “lump sums” to entice people to defer benefits?

This is a fascinating article written and based on research by Olivia Mitchell, a Wharton professor of business economics and public policy.  First, Social Security is facing insolvency by 2034, meaning it will no longer be able to pay benefits in full…

Social Security and Age 62: Three Things to Know

It is literally one of the most important decisions one can make in retirement, and perhaps even in one’s lifetime– when to take Social Security benefits.  Imagine realizing years after electing to receive a monthly Social Security payment for life at age…

Brace for the all important COLA announcement October 11

Over 62 million people receive Social Security benefits, of which more than 43 million are retired workers.  Over 60 percent of retirees are reliant on Social Security for a majority of their monthly income, and 1/3 depend on their checks for virtually all of their income (90…

Social Security & Reform: Can we tax our way to a solution?

In this very comprehensive analysis, Dan Caplinger of The Motley Fool takes a hard look at how Social Security is currently funded and what it would take to address the solvency issue solely by adjusting its taxes.  Caplinger notes the…

“Looting” Social Security’s Trust Fund Dead Wrong and an Obstacle to Reform

John Attarian is a freelance writer who has completed a book on Social Security.  In this piece, Attarian takes on the persistent myth of the Social Security Trust Fund, producing a thorough history of Social Security.  As he notes, there is no trust fund,…

Surprise! Your Social Security Benefits May be Taxed

For many folks entering the retirement world with an understanding of what their monthly Social Security benefit payment–the benefit they’ve earned through a lifetime of work and FICA tax contribution–will be, it comes as a surprise at tax time to…

Bill Introduced to Eradicate Current Social Security Windfall Elimination Provision (WEP)

(Source: House Ways and Means Committee Press Release) Brady, Neal Introduce Legislation to Ensure Equal Treatment for Teachers, Firefighters, Police Officers, and Other Public Servants When It Comes to Social Security Washington, D.C. – This week, House Ways and Means Committee Chairman…

Indirectly Addressing Social Security’s Woes

In Late August, House Ways and Means Committee Chairman Kevin Brady (R-TX) praised the 1.6 million jobs created this year and the highest level of wage gains since 2009, largely attributing these factors as evidence of the efforts underway in the current…

Retirement–Preparing for the Long Haul

Planning the financial side of retirement life is a challenge–no doubt about that! The unknowns can cause the serious planners to lose sleep at night, and sometimes the simple truth that one may not even know what one doesn’t know…

When to Collect Benefits?–Not A Simple Question

Juts like the calendar, the Baby Boom Generation continues to march relentlessly forward in time, with a large portion of this population group now finding themselves in their mid-50s and starting to think about Social Security. While it’s still a few…

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