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Revisiting WEP And GPO
One of the most nagging criticisms of the U.S. Social Security program is found in the persistent outcries of unfairness from the people affected by two scorned sections of the program’s massive rulebook. Anyone following legislative activities involving Social Security…
Taxing-the-Wealthy Theme Highlighted Via Survey
As we’ve been suggesting for several months, legislative interest in addressing Social Security’s steadily unraveling financial picture appears to be heating up. That’s understandable, with the clock ticking louder and louder as the 2033 point of trust fund insolvency moves…
WEP-GPO “Fairness” Examined in House Ways & Means Hearing
FEDweek, a federal and military employees’ and retirees’ information source on pay and benefit issues, yesterday published a recap of last week’s House Ways and Means Social Security Subcommittee hearing on the perceived “fairness” or “unfairness” of Social Security’s Windfall…
Social Security’s Looming Insolvency…deja vu all over again?
Although he claimed he never said most of the things he said, baseball legend Yogi Bera is remembered by many for his utterance, “It’s deja vu all over again!” That phrase seems to be popping up frequently these days in…
A Perspective on Social Security’s Looming Insolvency
We’re well inside of a decade until Social Security’s accumulated reserves disappear completely. The nearly $2.9 trillion financial cushion that has been dissipating steadily for the past two years is expected to evaporate completely by 2033–and some project that point…
Encore Article: Medicare Coverage Options and Open Enrollment
This article was first published last fall but is worthy of this encore re-publication because the topic – Medicare – is one which affects a majority of our readers all year long. Originally published by the non-profit Kaiser Family Foundation…
The WEP/GPO Debate Rages On
Congress has been under considerable pressure lately over two Social Security provisions which have, for decades, irked some retirees from public service. The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) affect those who have a federal, state,…
Is there an ideal age to claim Social Security?
Is there an ideal age to claim Social Security? Well, recent research on this topic suggests that age 70 is the best age in most circumstances but, curiously, that is not the age at which most beneficiaries actually claimed. A…
About Increasing Social Security’s Full Retirement Age
With Trust Fund depletion looming on Social Security’s financial horizon, there is no shortage of ideas for resolving the program’s financial woes to avoid a potential across-the-board cut in everyone’s benefit in less than a decade. Included in most discussions…
When Should You Claim Social Security?
It’s the question our AMAC Foundation Social Security Advisory Service is most frequently asked – “When should I claim my Social Security benefits?” And the underlying hidden inquiry is “how can I maximize my Social Security benefit?” Truth is, there…