Headlines
GAO Comptroller Discusses Covid-19 Impact on Retirement Planning for Women
In testimony before the U.S. Senate Special Committee on Aging, GAO Comptroller General Gene L. Dodaro reported that the pandemic’s economic devastation ” … will affect the retirement security of older workers because they have less time to recover from any effect on…
Clarification on Payroll Tax Option’s Impact on Social Security
President Trump’s August 8 directive to the U.S. Treasury to allow employers the option to defer payroll taxes for the period of September 1, 2020, through December 31, 2020 has generated quite a bit of media rhetoric about its impact…
A Possible Back Story on President Trump’s Payroll Tax Ideas
President Trump’s August executive order for a deferment of payroll taxes has, of course, attracted considerable attention, as has his remarks on potential elimination of the tax altogether. In fact, the results of one study–by progressive think tank Data for Progress and…
2021 Expected to Bring Proof that the Solvency Problem is Real
“Beginning in 2021, Social Security is expected to expend more money than it collects.” This chilling sentence offered by The Motley Fool editorial folks in a post on foxbusiness.com (click here to read it) won’t be news to those who have…
Election 2020: Looking at Social Security
As the runup to the 2020 election progresses, details on the candidates’ thoughts about Social Security’s future are beginning to emerge. In a post by CNBC Personal Finance Reporter Lorie Konish, the underpinnings of Democrat candidate Joe Biden’s thoughts are…
What’s So Hard About Social Security?
Well, a lot is hard, as Social Security is a convoluted and confusing enterprise to millions. Many think they know what they need to, as in “Take it at 62. Period.” That’s why Russell Gloor of The AMAC Foundation, which powers…
Modest increases in Social Security pay & Medicare premiums forecast for 2021
While the official cost of living adjustment (COLA) for Social Security recipients in 2021 will be announced in October, Paul Davidson of USA Today quotes one expert who says Social Security recipients can expect a 1.3% COLA. That’s according to Mary…
65% of Near-Retirees Fear They Won’t Get Social Security Benefits at All
It’s a sobering thought indeed, but according to the SimplyWise September 2020 Retirement Confidence Index, 65% of Americans in their 50s are worried about Social Security being dried up by the time they retire. That people are focusing on Social Security’s real…
What Will Social Security Benefits Look Like in 2021?
Social Security is not usually in the news as often as it has been lately. Chock up recent stories to a presidential election, a pandemic, and a soon to be announced cost of living adjustment (COLA) by The Social Security…
Social Security’s Structural Problems Are Hastening Insolvency
Sean Williams provides a thorough and comprehensive examination of Social Security’s well known long term financial woes in light of newly released Congressional Budget Office (CBO) data. While the pandemic is likely causing its own problems, CBO’s report focuses on…