Headlines
Banking on Social Security alone in retirement? Fuggedaboutit!
Maurie Backman’s piece here notes that seniors who have incomes from several sources in retirement will no doubt be unaffected by the paltry 1.6% cost of living adjustment just announced for 2020. But too many seniors do rely solely on…
2020 to bring seven changes to Social Security
While Congress has not changed the law relative to Social Security, the Social Security Administration nonetheless releases a “Fact Sheet” every October. This provides updates on everything from what beneficiaries will be paid in the upcoming year to what it takes to…
Social Security Reform…Examining the Implications of HR 860
Four seasoned contributors to “The Hill,” having examined the Social Security solvency problem and the recent legislative proposal to address this problem, have authored an analysis of the Social Security reform issue and posed several key questions regarding the corrective action…
The Candidates and Social Security Solvency: No Long-Term Solutions in Sight?
With the latest round of Democratic candidate debates now in the books, anyone hoping to hear a solid proposal to resolve the Social Security solvency dilemma was disappointed. In fact, as reported in a post on Yahoo Finance, the candidate positions…
The Complexities of Spousal Benefits
One of the questions most frequently fielded by the AMAC Foundation’s Social Security Advisory staff is the deceptively simple, “What benefits are available to my spouse?” And, like so many questions related to Social Security, the answer is an equally simple, “It…
Women and Social Security–The Importance of Planning and Preparing
You’ve probably seen the statistics: More than half of Social Security recipients are women, women live longer than men, women tend to have lower lifetime earnings than men, and so on. These statistics tend to create challenges for women as…
Social Security’s Misunderstood Funding Problem
In a post on www.dailyrepublic.com, Rate.com’s Carla Fried takes a look at the results of a recent Transamerica Center for Research Studies report indicating that almost 80% of surveyed workers expressed the opinion that ““Social Security will not be there for me.”…
Rep. Larson Reiterates Need for New COLA Measurement
In a statement following the Social Security Administration’s announcement of a 1.6% cost-of-living adjustment (COLA) for beneficiaries beginning in January 2010, Rep. John B. Larson (CT-01) acknowledged that the current process for adjusting benefits is inadequate in comparison to the…
The Retirement Savings Dilemma: Some Possible Causes
Saving money isn’t easy under any circumstances, and saving for retirement is even more difficult. It seems so far away, and other factors just keep getting in the way. Many folks tend to lean toward excuses that explain why they…
Social Security and Taxes: How Well do you Understand the Relationship?
In yesterday’s Headline post on this site, we made a glancing comment about the taxation of Social Security benefits. Referring to this often unexpected situation as “double taxation,” we linked to an article describing how federal (and state) taxes are levied…