Headlines
RMDs by year-end deadline
The IRS recently published a reminder for those aged 73 and older of the deadline to take required minimum distributions (RMDs) from individual retirement arrangements (IRAs) and other retirement plans. The SECURE 2.0 Act raised the age at which account…
Don’t fall into these traps when applying for benefits
Signing up for either Social Security or Medicare should not be so confusing. It is easy to fall into certain traps that could cost you thousands of dollars. Why? First, when you sign up for Medicare, you do so on…
Shortage of accessible homes for retirees
The baby boomers are facing a new retirement problem: affordable and accessible homes in which to age. In a recent study by Redfin, over three-quarters of all boomers plan to stay in their current homes. However, there are problems with…
History of Social Security
Lallan Schoenstein takes a look at the development of Social Security over the years and analyzes where we are today and why we need to protect it. Read here… As an example of the leading thoughts on reforming Social Security,…
Detailed Explanation of the Social Security “Fairness” Act
Andrew G Biggs gives insight into why public employees who don’t participate in Social Security are not being cheated when their Social Security benefits are offset because of their pensions. When you understand how the Social Security formula works, you…
Are Social Security and Medicare at Risk with Trump Pick?
This Dax Everly article for Kawsachun News expresses concern for Social Security and Medicare due to Trump’s selection of Russell Vought to head the Office of Management and Budget (OMB). Vought is expected to resume this role, as he had…
Delay of Social Security Reform will Cost More in the End
By Brian Anderson on December 2, 2024for 401K Specialist The Peterson Foundation projects waiting until the Social Security Trust Fund is depleted would mean payroll tax increases of benefit cuts about 1/5th higher than if Congress took care of this…
The Possibility of Trump’s Proposed Changes to Social Security
By Keith Speights for The Motley Fool on December 1, 2024 President-elect Trump wants to eliminate federal taxes on Social Security benefits. This sounds really good to those who have to pay them. This move however could cause the trust…
Happy Thanksgiving!
There’s certainly something extra special about Thanksgiving, from family gatherings and sumptuous feasts to football and perhaps some Black Friday holiday shopping. But most of all, be mindful of gratitude for the many blessings we sometimes take for granted. At…
Social Security: The insolvency problem & a balanced solution to it
What’s all this talk about Social Security’s problems all of a sudden? Why not just leave the program alone? Is Social Security going bankrupt? So what can be done? Are there pros and cons to each? Why not just raise…