Headlines
Social Security & The Presidential Candidates
Precious little has been said on the campaign trail about Social Security this season, and the debate moderators have shied away from questions on the topic. This MarketWatch piece by Alessandra Malita provides a comprehensive overview and summary on where the…
A Retirement Savings “Wake Up Call”
The lack of adequate savings, at least by some measures, so often reported in the media takes center stage in a TD Ameritrade study released earlier this month. In summary, the study’s results point to more than half (53%) of participants…
A “Treacherous Path” Ahead for Retirement Security, Says NIRS
The continuing evaporation of company-sponsored defined benefit pension plans and a general lack of savings across many segments of the population point to the traditional “three-legged stool” of retirement financing as becoming extinct. And with Social Security itself designed to replace…
Spotlighting the Inadequacy of Social Security’s COLA
Against a statistical backdrop that shows the gulf between the growth rate of Social Security’s cost-of-living adjustments (COLA) and the growth rate for Medicare premiums (hint: the latter paces the former by about 3 to 1), The Senior Citizens League (TSCL) calls for a…
No Social Security for Illegal Aliens Act of 2020 (HR5577)
Observing that “The prospect of ‘free’ government services and benefits is a giant magnet for illegal aliens,” Rep. Mo Brooks, R-Alabama introduced the “No Social Security for Illegal Aliens Act of 2020” (HR 5577) in the 116th Congress on January 10, 2020.…
Dispelling the Social Security Bankruptcy Myth
You’ve heard us say it time and time again, and we’ll continue to explain it to the many, many folks who contact our Social Security Advisory Service: Social Security is not going bankrupt! But don’t let that basic fact lull you…
Social Security Trust Fund eked out its smallest net-cash surplus since 1982.
We have all heard that Social Security’s long-term outlook is not good. Each year, The Social Security Board of Trustees release its short-term (10 year) and long-term (75 year) outlook for the program and since 1985, the Trustees have warned…
Some basic Social Security rules you should know
A majority of Americans do not fully understand how Social Security works. According to a recent survey from Nationwide, 91 percent of those 50 or older don’t know what factors determine the maximum Social Security benefit an individual can receive. …
Want a higher Social Security check?
Will you be one of the 21 percent of married couples, or one of the roughly 45 percent of unmarried persons, that will rely on Social Security for 90 percent or more of your income? If so, then it pays…
Study shows retirement crisis is real for many
A recent report from The New School Schwartz Center for Economic Policy Analysis found Social Security benefits can help partially offset unequal wealth distribution precipitated from the employer-based retirement system. The report found Median accrued Social Security benefits were $81,900…