Headlines
What’s This About a Ponzi Scheme?
Social Security is old age insurance, nothing more. It is being compared to a ponzi scheme because it takes money from new contributors which is then paid to old ones. It’s important to understand why Social Security is not a…
Social Security Working on Correcting it’s Records
Social Security is making progress on updating and correcting it’s database so it will contain accurate and complete records. The agency keeps a historical record of anyone who has ever applied for or received benefits. Over the years the many…
HR 82 Retroactive Payments Being Processed
In support of HR82 the Social Security Fairness Act, the Social Security administration has begun processing retroactive payments to over 3.2 million people who had offsets to their benefits because of the Windfall Elimination Provision (WEP) and Government Pension Offset…
Does Trump’s Plan to end Taxes on Social Security Benefits Make Sense?
Income taxes paid on Social Security benefits are an important source of revenue for the Social Security Trust Fund. As much as President Trump would like to alleviate this burden on Social Security recipients, Social Security can not afford to…
Options for Social Security Employees
Amid implementation of agency-wide organizational restructuring, Social Security employees received notifications of options to decide if they want to stay with the agency or leave. They can choose voluntary reassignments, voluntary separation or early retirement. There are also financial incentives…
Seven tips for women to take charge of their finances.
The Social Security program is vitally important to all Americans; however, it is essential to the financial security of women. Women live longer than men, which increases the risk that women may outlive their savings or that their pensions may…
A backlog on Social Security disability appeals
The Social Security Administration has made progress in reducing the backlog of disability appeals to a 30-year low of 262,000; however, the cases are claiming once again. As of January 2025, almost 300,000 Americans are still waiting for a decision…
Social Security announces expedited retroactive payments and higher monthly benefits for millions
The Social Security Administration announced it is immediately beginning to pay retroactive benefits and will increase monthly benefit payments to people whose benefits have been affected by the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced…
Is retirement a distant dream?
The Census Bureau predicts by 2050, a quarter of the United States population will be 65 and older. Why is this important? In 2023, 11.2 million Americans age 65 and older were in the labor force (working or actively seeking…
One retirement mistake not to make
Social Security is a program designed to provide a safety net to older Americans. However, it is designed to replace roughly 40 percent of pre-retirement wages. How about the other 60 percent? If your employer has a 401(k), then you…