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The myths of Social Security Trust fund
Will social and legacy media outlets be the downfall of the Social Security system with their perpetuated myths and fearmongering? The fact is that the Social Security Trust fund is projected to reach insolvency in 2032, forcing 24 percent across-the-board…
Waiting only makes the changes larger and more difficult
The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally…
Data Breaches and Social Security
A Complex Online World It’s a complex electronic world we live in today, with nearly all organizations transitioning rapidly to online services. We are often encouraged to do our banking, manage our investments, renew our licenses, and pay our monthly…
The Social Security Conundrum
It should be no secret to anyone who stays abreast of the news these days, Social Security – the nation’s primary program to avoid poverty in our senior years – will soon be facing a financial crisis! According to the…
What is the Social Security Administration?
That’s not meant as a trite question – the Social Security Administration (SSA) actually does much more than you may think! The SSA handles monthly payments to well over 53 million retirees, spouses, and survivors. But did you know that…
The Social Security Full Retirement Age – U.S., compared to other countries.
In this time of uncertainty about the financial stability of our U.S. Social Security program – especially its ability to meet its long term financial obligations – included in the various reform proposals is the concept of raising the U.S.…
A Retirement Nightmare – Social Security’s Annual Earnings Test
A Retirement Scenario Picture this: You’ve worked all your life in your chosen profession and are getting tired of the rat race. You’re 62 years old and comforted to know that you are now eligible to collect Social Security. You…
A bipartisan Congress presents a bill not to tax lump-sum Social Security Benefits Received by Retirees Affected by WEP and GPO.
In 2025, when the Social Security Fairness Act was signed into law, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were eliminated. These were created to offset the Social Security benefits of employees who received a pension…
Did You Know Your Social Security Payments Can Be Garnished?
Even though private creditors cannot touch your Social Security payments, the Federal Government can if you owe it money. You can also have your Social Security payments garnished if you are in arrears on child support or alimony. The type…
Nine States That May Tax Your Social Security Benefits in 2025
There are still nine states that may tax your Social Security Benefits in 2025. In 2026, only eight states will still tax Social Security benefits. This is the last year West Virginia is taxing Social Security benefits. Unless any of…