Headlines
Making the wrong decision on when to claim Social Security will hurt you
When to claim Social Security is arguably one of the most important retirement decisions you will make. For example, claiming too early will give you some money earlier in your life, but the amount will be considerably smaller than it…
More on American’s Retirement Savings Progress
The subject of the retirement savings habits of Americans seems to be one of the most persistent topics in the financial media these days. For the most part, news accounts focus on perceptions that many (too many, perhaps) are not…
President Trump Signs Order to Expedite Loan Relief for Disabled Vets
Forbes Senior Contributor Zack Friedman, in a post on forbes.com, provides a recap of President Trump’s order signed yesterday to accelerate the existing Total and Permanent Disability (TPD) Discharge process for permanently and totally disabled military veterans. The Executive Order was…
Social Security Payroll Tax Cut Now in the News
Even as the talk of an increase in the Social Security Tax rate (also popularly known as FICA tax) to fund the program expansion advocated by H.R. 860 (The Social Security 2100 Act) unfolds in Congress, conversation has emerged in…
The Myth Goes on: Millennials Believe Social Security Will Disappear
As NerdWallet’s Liz Weston trumpets in the opening of her article posted today on postregister.com, “Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one.” Ms. Weston cites the results of a recent Transamerica survey…
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…