Headlines
A Recent OIG Audit Report Reveals Some Widows Are Being Underpaid
The Office of Inspector General (OIG) of the Social Security Administration (SSA) conducts audits from time to time of different beneficiary groups. This audit was conducted on Widow(er) benefits to determine if recipients were receiving the correct amount. Normally, the…
Thinking You Can Retire on Social Security Alone is Another Myth
Social Security was created to help keep seniors out of poverty once they could no longer work. However, it was never intended to be your sole source of retirement income. With rising inflation, having additional retirement income sources is more…
Don’t Get Scammed Out of Your Hard-Earned Money
A woman named Lynn was scammed out of $9,100, and shared her story in an article by John Matarese. She did this as a warning to you that it can happen to anyone. Be vigilant when answering your phone. Never…
The Importance of Verifying Your Social Security Earnings Statement
Most folks realize that their Social Security benefit is based on a set of parameters, including your age, the start date for monthly payments, and their work history as maintained in the Social Security Administration’s records. While the first two are based on points in time, the…
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…
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…
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…
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,…
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…
Social Security is six years from insolvency
We keep hearing that the phrase “Social Security Trust Fund insolvency” will happen soon. But most of us tune out the actual timeline of when it will happen. Social Security has six years left, according to the new report from…