Headlines
Another Major Reason to Get Serious About Reforming Social Security
It’s called “the graying of America,” and it’s certainly no secret to most of us. As a population, we’re aging. Just five years ago, 14% of us were aged 65 and older, and that demographic segment is projected to reach nearly…
Social Security & Millennials
Millenials are known for having little faith in one day getting Social Security. Strangely, that may not be such a bad view if it motivates that generation to save more for retirement, so say the financial experts. In reality the program will…
Op-Ed: Social Security needs a tune-up
Nancy Altman, president of Social Security Works and chairwoman of the Strengthen Social Security coalition, wrote an op-ed in the Los Angeles Times calling on Congress to act to address Social Security’s projected shortfall. It’s been 36 years since the last…
Biggest Social Security Mistakes
Social Security sends monthly retirement benefits to over 63 million Americans. Because the program is so complex and difficult to navigate, Bankrate asked the experts to list the biggest mistakes folks should avoid. These are five: 1.) Sticking to a one-size-fits-all strategy, such as…
Happy 84th birthday to a broken program
Social Security turns 84 years old this week. President Roosevelt signed the law into effect in August 1935. But just as you can only put “black tape” on something so many times before it truly stops functioning as it once…
What “cutting” Social Security means and doesn’t mean
Sean Williams writes a thoughtful piece which explains that “cutting” Social Security, as many say must be done to shore up its long-term solvency, does not have to mean direct monthly benefit cuts. Needless to say that would be hugely…
Claim SS early? Claim it later? Here’s how to tell
The decision on when to claim your Social Security benefits is a crucial one which will affect you for the rest of your life, so it’s extremely important that you make the right choice. But how do you decide whether…
Everything you ever wanted to know about COLA
COLAs, or Cost of Living Adjustments, are designed to help people, especially seniors who rely on Social Security, keep pace with inflation. COLA is actually a percentage which is applied each year to each Social Security recipient’s benefit amount, resulting…
Staying steady in a volatile stock market
The current trade tariff talks with China have stalled, and China is now threatening action which could create even more volatility for the stock market. And market volatility is the one thing that can cause people to question their carefully…
The Social Security 2100 Act: An analysis
The Social Security 2100 Act, introduced by Congressman John Larson (D-CT) would, according to the bill’s author, “cut taxes, strengthen benefits, prevent anyone from retiring into poverty.” But is that truly the case? Not according to analyses done by many groups,…