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Understanding the Social Security Trust Funds
So much is written these days about Social Security’s long-term solvency problem, with this year being a landmark year in the relentless march toward the currently-projected 2034 depletion of Trust Fund reserves. 2018 is the first year in which the…
Thoughts on Social Security and its “Rate of Return”
In a post on www.dailysignal.com, Heritage Foundation writers Rachel Greszler and Julia Howe take aim at the “rates of return” produced by Social Security, drawing a conclusion that “Despite its popularity, Social Security typically provides very low—and in many cases, negative—rates of…
Penn Wharton: National Debt Worsens Social Security Outlook
The Wharton School of Business at the University of Pennsylvania recently weighed in on the Social Security solvency dilemma, shining an even dimmer light on the program’s impending solvency crisis. As explained in a post by Solano County (California) Daily Republic’s…
Are you a “worry-wart” when it comes to retirement savings?
The phrase “America has a retirement savings crisis” has been a headline blared in many a financial services magazine for years now, emphasizing that far too many workers don’t plan well for retirement and come up way short of where…
Fighting for the Social Security you’re entitled to
The Social Security Administration is a huge organization with offices across the country, staffed by thousands of individuals who are – guess what – capable of making mistakes. That’s shouldn’t really be surprising, but most of us look at the…
Social Security – America’s fabulous social benefit program
An overwhelming majority of Americans know that Social Security is a program which is critical to the well being of many millions of citizens, including aged retired workers, younger disabled workers, and dependent children, spouses and survivors of retired workers. In fact, Social…
The cost of Congressional inaction on Social Security
With all the rancor going on in Washington, D.C. these days, we have to wonder whether Congress will ever muster the intestinal fortitude to fix a problem which will affect over 62 million of their constituents – namely, Social Security’s financial issues.…
A Social Security paradox: Higher gas prices could raise the 2019 COLA
About this time of year, those of us now collecting, or about to collect, Social Security start wondering what, if any, cost of living adjustment (COLA) we might expect to see next year. And given that COLA increases in the…
Estimating your Social Security benefit payment
Trying to plan for how Social Security fits into a retirement plan can be challenging, especially for younger workers whose “golden years” are still far out on the horizon. But knowing at least the basics of the program and how…
Is Social Security “going broke”?
As is quite widely known by now, thanks to regular sound bites and articles by self-described pundits, America’s Social Security program is faced with some serious financial issues. The annual report by the Trustee’s of the Social Security program has for…