Headlines
Helping workers save $25 a week would boost retirement savings and state’s fiscal position
Usually, retirement income is generated from a variety of sources: Social Security, personal savings, and employer-sponsored savings plans, this ensures workers a sound financial future. However, for many Americans, they are missing part(s) of these retirement income sources. More than…
The Securing a Strong Retirement Act
The Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Member Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020, bipartisan legislation to help a greater number of Americans successfully save retirement. The Securing a…
These four themes have a greater impact on your retirement than the election
According to business experts, regardless of who wins the presidential election, the retirement industry will face four big issues that will affect planning and coverage. Professor Jeffrey Brown, dean and professor of business at the Gies College of Business at…
Are you making these assumptions about your Social Security benefits?
It is estimated that 21 percent of married couples and 44 percent of single older adults rely on Social Security for 90 percent or more of their income according to the Social Security Administration. So, no matter how diligently you…
Setting the Record Straight on President Trump and Social Security
While the Democrat platform measures on Social Security have been fairly clear about increased benefits and the corresponding tax increases to fund them, President Trump’s comments have been a bit more circumspect. One of the President’s most consistent proclamations has…
Social Security Income Tax and the Double Taxation Issue, Again.
The issue of taxing Social Security benefits is a frequently recurring item in discussions on the program’s need for reform. As incomes rise, and since the thresholds for taxation are not indexed to compensate for this rise, more and more…
A Discussion of COLA Alternatives
Social Security reform is again moving to the forefront of the political scene, and it’s one of the hot buttons in the current election rhetoric. Most recently, the announcement earlier this month of a 1.3% cost-of-living adjustment (COLA) for beneficiaries…
Unpacking the Campaign Platforms on Social Security
As the run-up to November 3 Election Day enters its final stages, Social Security continues to take on renewed interest among those yet to vote. There are specific differences between the Democrat and Republican platforms, even though both express an…
Pandemic’s Impact Generating Frightening Scenario for Women
The articles re-posted on this website have often touched on a recurring theme: that women are facing substantial challenges in the area of retirement planning, especially regarding Social Security benefits for their later years. For example, our September 25, 2020 headline article…
Lawmakers Propose Emergency 3% Social Security Raise
Social Security cost of living adjustments (COLAs) are calculated and determined based on third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which measures changes in the cost of common goods and services. Critics have long…