Headlines

Would increasing full retirement age to 69 save Social Security?

Insolvency is just a decade away for Social Security. The usual choices to rescue the program are raising taxes, cutting benefits, and increasing the full retirement age (FRA). No single option “solves” the problem, and Jessica Hall of MarketWatch explains…

Controversial WEP & GPO Bill Has Decent Chance of Passage

The Windfall Elimination Provision (WEP) and Government Offset Provision (GPO) are reviled by public employees, whose Social Security benefits are cut as a result of having only worked sparingly in jobs that paid into Social Security. But not all agree…

Social Security Reform: An Analysis of the Issues and Thoughts on How to Move Forward

Media accounts of our Social Security System’s problems have been plentiful over the past few years, especially as the projected depletion of the program’s financial reserves draws closer. The latest official forecast suggests these reserves–the combined Old Age and Survivors…

CRS Explains One of the “Secrets” Associated with Taxation of Social Security Benefits

Paying federal income taxes on Social Security benefits has drawn much attention and criticism over the years, so much so that legislation is still pending in the 118th Congress to eliminate the tax. For example, House Bills H.R. 3206 (Senior…

Support Expressed for Bipartisan Fiscal Commission

As Social Security’s long-term financial situation continues on a downward spiral, the possibility of a bipartisan commission addressing the country’s nagging–and growing–debt problem continues to show only limited movement. In fact, with no members selected to lead–or participate in–the effort,…

Floor Vote on H.R. 82 (WEP/GPO Repeal) Likely for November

The bipartisan discharge petition initiated by Rep. Garret Graves, R-La, and Rep. Abigal Spanberger, D-Va, has achieved the required number of signatures to force a floor vote. The Bill, titled “Social Security Fairness Act of 2023,” would, if passed, repeal…

Retirement in the 2020s: “Unretirement” Has Reached Phenomenon Status

For most folks, retiring from a regular job, whatever the reason, is generally considered a “full stop” milestone. Shifting from the everyday working environment to a life of leisure was seen as a change to a new lifestyle with fewer…

H.R. 82 has reached the necessary signatures

The Social Security Fairness Act has reached the necessary 218 signatures required to force a vote on the bill.  This bill will reverse the rules surrounding the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).  These rules can…

Will the elections change your retirement plans?

With the presidential election less than two months away, most Americans are preparing for potential changes to their retirement plans, according to a new study by Wealth Enhancement Group LLC. Over half of unretired Americans fear inflation has postponed their…

The need for a “call to action” for Social Security

According to Social Security Commissioner Martin O’Malley, “Nearly 30,000 Americans died waiting for their Social Security benefit decision last year.” With more than 70 million Americans who rely on Social Security benefits each month and with half the staffing levels,…

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