Headlines
Financial literacy has a huge impact on having a more financially secure retirement
A recently published research study shows that financial literacy has a huge impact on having a more financially secure retirement. The research conducted by The American College of Financial Services, asked a number of questions around retirement, financial planning and…
When it pays to claim Social Security right away
They say that good things come to those who wait, but is that true for Social Security? Millions of retired seniors count on Social Security to keep up with their living expenses, which is why claiming benefits at the right…
Social Security PLUS – A Voluntary Companion Benefit
In my nearly 15 years teaching high school economics classes, no single lecture ever garnered higher interest and attention than the one I dubbed, “How to Be a Millionaire by 45”. With “Pay Yourself First” written on the whiteboard behind…
The political party responsible for Social Security’s financial instability is…
Well, it’s both of course. As Sean Williams writes in this piece, neither party has fully addressed the looming partial insolvency due to occur in 2034, when benefits will have to be cut 21% across the board. Past surpluses are preventing…
Cost of living adjustments – Don’t bank on them
Maurie Backman provides a brief history of COLAs (cost of living adjustments) in this piece. Begun in the 1970s, their purpose was to prevent retirees from sliding backwards, as dollars lost value over time due to rising prices. Backman further points out…
Rep. John Larson and The Social Security 2100 Act: It may be back
Social Security reform has been of interest to Rep. John Larson (D-CT) for many years. Larson is expected to be named chair of the Social Security subcommittee on the powerful House Ways and Means Committee. It is anticipated his newest version of The Social Security…
Social Security: Myths, Legends and Fairy Tales
“Put your coat on or you’ll catch a cold.” I lost count of how many times I heard that fairy tale growing up. I’ve even repeated it many times, though I try my best these days to not utter the…
Have politicians “raided” the Social Security Trust Funds?
Like many seniors, I take a keen interest in America’s Social Security System and its operations, even though I entered the program a decade ago and recognize that I will be living with the decisions I made back then. My interest, then,…
Workforce Participation Growth: Good, but…
Citing “a high degree of certainty” that Social Security’s much-publicized looming insolvency problem is not self-correcting, Mecatus Center’s Charles Blahous, in a post on www.cnsnews.com, challenges financial media accounts of the projected impact of improvements in the U.S. labor force growth…
116th Congress Could Add Emphasis on Social Security Changes for Women
The issues of gender pay equality and caregiver credit could acquire new emphasis in the 116th United States Congress as the result of influence expected to result from the voices of the 127 women sworn in on January 3. With issues like improved…