Friday News Roundup: Social Security’s Projected Insolvency A Hot Topic

This morning’s crop of Google Alerts on Social Security brought with it a sampling of eye-catching headlines. For example, Newsweek‘s “Social Security Shortfall Could Turn US Into Venezuela by 2032” and SILive.com‘s “Social Security Doomsday Clock is ticking: Here’s how…

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Senate Budget Committee Deliberates on Social Security’s Future

The Senate Budget Committee yesterday held a hearing focused on “Social Security: A Discussion on the Facts and the Path Forward.” Karen Glenn, Chief Actuary at the Social Security Administration, served as a panelist for the hearing, providing a snapshot…

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High-end Social Security Benefits Coming Under Fire?

As anticipated, the rapidly approaching depletion of Social Security’s trust fund reserves is bringing a variety of viewpoints into focus. Wth just six years remaining on the countdown clock, it’s not unexpected that the pace of suggestions for fundamental program…

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The AMAC SSG: How does it align with Social Security’s Purpose?

Social Security’s establishment 90 years ago followed the Great Depression and, as such, had a twofold purpose: to provide immediate assistance to destitute families in the wake of devastating financial losses in their retirement savings, and to create a long-term,…

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Social Security Myths, and Misunderstandings 

Social Security Myths are Pervasive  In our efforts to explain Social Security to those who ask questions, it is often necessary for our Social Security Advisors to provide information contrary to the questioner’s understanding of how Social Security works. Some folks who write us possess what…

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“Ask Rusty – I’ll be 70 on New Year’s Day. When Should I Apply for Social Security?”

Dear Rusty: I was born on January 1st, 1958, so I believe Social Security considers me to be 70 as of December 2027. I’m planning on filing when I turn 70 to maximize the payment. I’m not sure if I…

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