Focusing on the Insolvency Problem: A Look at One of the Fundamental Drivers

In this first part of a two-part study, American Enterprise Institute (AEI) senior fellow Andrew G. Biggs challenges one of the basic narratives associated with Social Security’s steadily eroding financial picture. Specifically, his article addresses the issue of wage indexing…

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Innovative Thinking for Social Security Reform

Last week, Senators Bill Cassidy of Louisiana and Tim Kaine of Virginia went public with additional details on their bipartisan proposal to create a separate wealth-generating fund to address Social Security’s long-term funding problem.  Their announcement led with this claim: …

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Social Security Insolvency and the Math Behnd It

A few weeks ago, the Social Security Board of Trustees issued its annual report on the program’s financial status at the end of 2024. As expected, it wasn’t good news. It signaled the loss of another year before the program’s…

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Social Security Representative Payee vs. Power of Attorney

One rumor our Social Security Advisory Service encounters is that there’s no need for a Representative Payee designation if you have Power of Attorney (POA) for a beneficiary. This rumor causes confusion when a relative or close family friend steps…

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Will your Social Security check be cut?

Improper payments, generally overpayments, were made by the Social Security Administration between 2015 and 2022, totaling $72 billion. There are various reasons why overpayments occur; the most common error is failure to report changes involving income. By law, the Social…

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“Ask Rusty – What is the Formula for Deciding When to Claim?”

Dear Rusty: I am curious about the “formula” to decide when to take Social Security while still working. I am past the Full Retirement Age. How do you best address such? Should we schedule a call? Signed: Wondering When Dear…

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