Headlines
Perspectives on Social Security: Some Likes, and Some Dislikes
For many seniors and future retirees, America’s Social Security program is an important–some would say critical–component of their financial retirement planning. In fact, some surveys indicate that about half of retirees place a heavy reliance on their Social Security benefits…
How Well Do You Understand Social Security?
That’s not a trick question, and maybe there’s a better way to introduce the subject, like “Do you understand Social Security well enough to ensure that the decisions you make when you get there are best for your situation?” Unfortunately,…
2022 COLA Watch: Still Inching Upward
The July consumer price index (CPI) data recently released shows another–albeit slight–rise in the potential cost-of-living adjustment (COLA) for Social Security recipients in January of 2022. The Senior Citizens League (TSCL) suggests now that the adjustment could be in the 6.2%…
Social Security Is Not Going Bankrupt
Despite all of the “sky is falling” reports you might have heard or seen lately, Social Security isn’t going bankrupt. There are, however, financial issues which plague the program these days which need fixing by Congress. In a nutshell, it…
The Long Overdue Social Security Trustees Report
For those who closely follow Social Security matters, the unprecedented delay in publishing the annual report from the Trustees of Social Security is frustrating, and that includes members of Congress. The Trustees’ report is published annually to provide a detailed…
Some Good Reasons To Claim Social Security Early
It’s certainly the most frequently asked question of every Social Security advisor – “When should I claim my benefits?” The answer is that everyone’s personal situation is different so the best age to claim will be equally variable, but deciding…
There are plans in the works to make it easier for savers
If you are one of those individuals that started saving for retirement right out of college, kudos to you; however, if you are like many of us, we got a late start, but there is hope for us on the…
With some simple planning, you can maximize your Social Security benefits
Social Security will only replace about 40 percent of your working income. However, over 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. If you…
A new projection for Social Security Trust Fund depletion date
The nonpartisan Congressional Budget Office (CBO) has updated its projections on the depletion date of the Social Security and Medicare Trust Funds. CBO is stating the Social Security Trust Fund is slated to be exhausted in 2032, which is one…
Social Security is overwhelmed
The majority of Social Security offices were closed and the personnel telecommunicating since the start of the COVID-19 pandemic; however, some managers had to report to their offices to handle mail duties. The Office of Inspector General, SSA recently issued…