Headlines
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…
AMAC Seeks to Preserve & Modernize Social Security
When more Generation Xers [now age 40-55] said they believed in UFOs than that Social Security would be there for them at retirement, it was as shocking as recent polls showing Millennials’ fondness for socialism. It was also a wakeup…
Biden Has the Edge Over Trump on Social Security
Election Day is now less than four weeks away. Americans have been sounding off, and 63% of them feel confident in the future of Social Security if former Vice president Joe Biden, is elected, but only 44% feel confident if President…
BREAKING NEWS: 2021 COLA Announced — Good News/Bad News
The good news is Social Security recipients will get an increase in benefits starting in January 2021. The bad news is it will not be much. The Social Security Administration just announced a 1.3% bump, as they do each October for…