Headlines
How to Fund Social Security for 75 to 150 years
Bernice Napach’s article here in ThinkAdvisor summarizes new research from the Center for Retirement Research at Boston College that declares any proposal to close Social Security’s financing gap should consider the creation of a trust fund capable of earning enough interest to…
The New Crisis Brewing in Social Security – Customer Service
Even casual followers of anything related to Social Security are likely aware of the program’s long term funding challenges due to changing demographics. But as Mark Miller of Reuters reports in this article, customer service is the newest flash point. Three…
Rep. Larson engaging with the GOP to pass historic Social Security reform
Rep. John Larson (D-CT) has been working on Social Security issues for most of his 20 years in Congress. He cites the statistic of 125,000 Social Security recipients per congressional district to underscore the importance of the program. The Social Security Trustees predict…
Author makes case for “writing off” Social Security
The central message of this piece written by The Motley Fool staff for Fox Business News is this: to avoid financial stress and disappointment in retirement, do not rely on Social Security benefits too heavily. True, there will always be some form of Social…
What will Social Security look like in 2035?
Social Security’s Trust funds (surpluses accumulated over the past several decades) will be exhausted in 2035. Across the board cuts of around 20% will occur for all beneficiaries at that time absent congressional action before then. Dan Caplinger notes the…
The benefits of IRAs that you might not know exist
There are many places you can save money for retirement if you don’t have access to a 401(k) or other workplace retirement plan. However, with an individual retirement account (IRA) it not only share some key features – such as tax…
Some serious consequences for being too dependent on Social Security benefits in retirement
According to a survey from the Insured Retirement Institute, only a quarter of baby boomers think they’re doing a good job of preparing for retirement and 42 percent of boomers don’t have anything saved for their retirement. And according to…
Increasing your Social Security benefits
Are you aware that there at least eight ways to increase your Social Security benefits? Why? Knowing how to increase your Social Security benefit is important since those checks will likely be a major source of your income in retirement.…
Much Social Security advice avoids lifestyle considerations
Many financial advisors, when discussing Social Security with clients, focus almost entirely on how to gain the most in lifetime benefits. Some give advice which encourages waiting as late as possible to claim, while other suggest that claiming early is…
A Memorial Day Greeting from AMAC Foundation
A Message from the Social Security Report’s Editorial Staff: It’s a great pleasure to take a moment to wish everyone a safe, relaxing, and happy Memorial Day! As you take a break from the demands and challenges of everyday life,…