Headlines
What Will Social Security Benefits Look Like in 2021?
Social Security is not usually in the news as often as it has been lately. Chock up recent stories to a presidential election, a pandemic, and a soon to be announced cost of living adjustment (COLA) by The Social Security…
Social Security’s Structural Problems Are Hastening Insolvency
Sean Williams provides a thorough and comprehensive examination of Social Security’s well known long term financial woes in light of newly released Congressional Budget Office (CBO) data. While the pandemic is likely causing its own problems, CBO’s report focuses on…
September 11th – Never Forget
September 11, 2001 was, to paraphrase FDR, a “date which will live in infamy.” It was a day when nearly 3000 Americans died in terrorist attacks at the World Trade Center in New York City, at the Pentagon in Washington, D.C.,…
When NOT to Take “No” for a Social Security Answer.
Here’s a Social Security reality: Representatives at the Social Security Administration are human and, as such, they can (and do) make mistakes. So you shouldn’t just accept a negative response to your Social Security question, even if an authorized agent…
Social Security’s Future, and What it Means for Retirees
Social Security was never meant to be more than just a “safety net” for elderly and disadvantaged Americans, and was never intended to be the primary source of retirement funding. Nevertheless, there’s little argument that Social Security is a critical…
Reasons Not to Claim Social Security Early
Most folks are aware than claiming Social Security before reaching your full retirement age will result in a smaller benefit. Nevertheless, sometimes there are very good reasons to take your benefits early – chief among them poor health and financial…
Labor Day – A Truly American Holiday
To most people today, Labor Day symbolizes the end of summer – one last celebration, often characterized by street parades, parties, and back yard barbecues. It is a uniquely American celebration, made a Federal holiday in 1894 to pay tribute…
Most Americans agree that they can keep their original retirement plans
When the stock market crashed in March, many older workers worried that their retirement plans had crashed as well. Now, there’s a different sentiment. According to a recent survey by CNBC and Acorns, it found 67 percent of Americans now…
Do you need a Social Security representative payee?
A power of attorney (POA) document allows an appointed person to make financial, legal and property decisions on another individual’s behalf but can they talk to Social Security or Medicare? The answer is no, although financial power of attorney (POA)…
Want a higher paycheck from Social Security?
Social Security is a major source of income for most of the elderly. About 21 percent of married elderly couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. So it…