Headlines
The Importance of Financial Literacy for Women and their Retirement Plans
Through the years, the National Institute for Retirement Security (NIRS) has produced multiple reports exploring what’s come to be known as “the gender income gap” and its contribution to inequality in retirement financing for women. Earlier this year, NIRS published a new…
Stimulus Check Update: Not Yet, but It Could Happen!
If you’re following the news out of Washington, you probably know that deliberations on Capital Hill are grinding their way toward a coronavirus relief package before the Christmas recess. What you also probably know is that the current proposal to…
OIG Report Highlights Issues with Two Key Social Security Areas
Forbes Senior Contributor Bob Carlson, in a post on forbes.com, takes a look at details presented in two recent Social Security Office of the Inspector General reports, citing deficiencies in the direction provided by Social Security Administration offices. Specifically, the areas…
Social Security’s COLA: Why It’s Not Working Well for Seniors
The 1.3% cost of living adjustment retirees will see in their January 2021 benefit payment is a good thing, but not an especially good thing. It’s appreciated, yes, but it also triggers the long-standing and growing concerns about COLA’s inability…
Preserve and Modernize Social Security says AMAC
Social Security’s long term problems will confront a President Biden and the next Congress whether either likes it or not. AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first introducing our…
Liberal Advocacy Group Urges Biden to ‘Clean House’ at Social Security
Erich Wagner, writing on GovExec.com summarizes a number of proposals coming out of the liberal advocacy group, Social Security Works. The group has long advocated expansion of Social Security and Medicare despite the fact that both programs need reform, as…
Social Security actuaries update projections for COVID-19
When the Social Security Trustees released its yearly report on the program’s financial health last April, it made clear that the outlook did not take into account the Covid-19 pandemic. Various commentators have suggested that the insolvency date might move…
Is the Social Security Administration preparing to bar 500,000 Americans from getting benefits?
David A. Weaver, Ph.D., is an economist and retired federal employee who has authored a number of studies on Social Security. Writing in The Hill, Weaver speaks out against a Social Security Administration (SSA) proposed rule change that would make it…
Medicare Premium Deductions and Social Security Benefits Explained
Medicare and Social Security are separate and distinct federal programs, each with a dedicated revenue stream from different parts of a combined 15.3% payroll tax levied on workers and employers. But Medicare recipients also pay premiums. This very comprehensive piece by Healthline.com…
Got A Gripe About Social Security? Read This
Ever the entertaining writer, retired Social Security employee and current columnist Tom Margenau has some thoughts about those who gripe about Social Security being incompetent and deceptive. Often, something done by Social Security which appears stupid to a beneficiary, is done intentionally…