Headlines
Choosing the right self-employed retirement plan for you
According to the Bureau of Labor Statistics, almost 16 million Americans are self-employed. There are benefits to being self-employed, including being one’s boss, but there are downsides. One is you must take control of your retirement planning. It can be…
A Tale of Two Presidents: Options for Saving Social Security
Both presidential candidates pledge to save Social Security but they are espousing different paths to this end. Should the funding come from “other sources”? Currently Social Security is funded by ss taxes, interest on bonds and income taxes paid on…
Social Security was Last Overhauled in 1983
That was the last time the Social Security Trust Fund was nearly depleted. Legislative changes were made to gradually extend the Full Retirement Age, increase the payroll tax and apply additional income tax to Social Security benefits. We are in…
Have Markets already Privatized Social Security?
With a unique perspective John Tamny for Forbes explains how the markets have already adjusted to Social Security’s shortfalls. The 55 plus crowd, recognizing that Social Security will not sustain them in retirement, are saving and investing more now than…
New RNC Platform – 20 key issues to be prioritized
This article by Ayelet Sheffy on July 8th for Business Insider reveals the priorities of the Trump campaign, including everything from economics to the open border to Social Security and Medicare. The platform helps give voters a clear view of…
A Different Spin on What to do with Social Security
The attached article by Austin Smith for 247 Wall St published on July 8, 2024 gives a different perspective for a Social Security solution. Trump has hinted that he may have a totally different way to handle the insolvency issue…
Social Security’s Problems Plus a Balanced Solution
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…
Enjoy July 4th holiday & a little trivia too
We at Social Security Report are off work today but have some historical trivia here for July 2-4. First, read this letter from John Adams of Massachusetts to his wife Abigail, written July 2nd (yes 2nd), after The Second Continental Congress…
Social Security’s $4.1 Trillion Hidden Government Deficit
Romina Boccia of The Cato Institute explains the American public’s misconceptions about how our pay-as-you-go Social Security works and how and why it faces a huge financial shortfall. Boccia explains how the IOUs work, the current deficit spending the program…
Fact Check: Are Immigrants Getting Social Security?
Aliss Higham of Newsweek dives into the illegal alien vs. Social Security argument. In the debate, Donald Trump said, “Social Security, he’s destroying it because millions of people are pouring into our country, and they’re putting them onto Social Security.”…