Headlines
The hidden reason Congress may act on Social Security
It’s pretty well known that Social Security has financial issues which will cause the program to cut benefits by up to 23% in 2034 if Congress takes no action to fix the issue. To a large extent, these financial woes have…
Stop making excuses and start saving for retirement now!
It’s a sad commentary that about 42% of Americans have less than $10,000 saved for retirement and about 14% have no retirement savings set aside at all. Sure it’s hard when you’re trying to make ends meet to put money…
Starved for funding, SSA struggles to provide good service
Even in the face of severely increased demand fueled by the wave of baby boomers retiring daily, the Social Security Administration (SSA) has been, for years, suffering budget restrictions which strain their ability to provide high quality service. Literally hundreds…
Survivors being short-changed by Social Security mistakes
A recent report by Social Security’s Inspector General found that, in many cases, Social Security office staff are failing to properly alert survivors to all the benefit options available to them. As a result, so far over 9000 survivors have…
Budget cuts mean long Social Security wait times
Mandated budget cuts since 2010 mean that there are about 3,500 fewer employees at the Social Security Administration than there were seven years ago, and that translates to longer wait times both on the phone and for visits to your local…
Social Security Disability: How your benefit is calculated
Of course, no one expects to become disabled and not be able to earn a living, but the reality is that about 10 million of Social Security’s 62 million beneficiaries are those who became disabled and unable to work. And about…
Claiming Social Security at the wrong time can be costly
Much has been written about when is the best time to claim Social Security. Some advisors will tell you to take your benefits as soon as you’re eligible at age 62, and others will extol the virtues of waiting until…
Dilemma for retiring women: “The Triple Whammy”
It’s surely no secret that saving enough for retirement is a key to comfort in your golden years, and women have an even tougher time than men building the nest egg they’ll need. That’s largely thanks to a “triple whammy” caused by…
Today’s Workforce: A Generation-by-Generation Look at its Composition
Much has been written about Social Security funding and where it comes from, with over 90% of the program’s income coming from payroll taxes. And as the years go by, much more is written about where the program’s payments go,…
Rep. Johnson Opens Hearing on Need for Permanent SSA Commissioner
Yesterday, House Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) delivered the opening statement for a Committee meeting on the need for appointment of a Social Commissioner “empowered to make strategic decisions regarding the long-term operation of the…