Headlines
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…
Columbus Day Observed Today
Perhaps the most inconsistently celebrated of all the U.S. holidays is the one officially marked on the second Monday each October. Columbus Day officially celebrates the anniversary of the Italian explorer’s arrival in the Americas in 1492 on October 12th. It’s one of 10 official federal holidays and as such…
Working While Collecting Early Social Security Can Hurt You
Many – in fact a majority – of Social Security beneficiaries claim their benefits at age 62, before their full retirement age, or “FRA.” But doing so without fully understanding the consequences of claiming early can come back to haunt you,…
Does Social Security Still Send Paper Checks?
Almost everyone would agree that the world we live in today is highly automated, especially when it comes to financial transactions. And that includes payment of your monthly Social Security benefit, which is almost certainly automatically deposited in the bank…