Headlines
The Retirement Savings “Crisis”: MIllennials Speak Up
Despite all the reasons why the “millennial generation” should be focusing on saving for retirement, it still doesn’t appear to be happening. Why, you ask. Well, the National Institute on Retirement Security took a look at this issue and developed some…
Reliance on Social Security: Another View
As a counterpoint to recent media accounts of the degree seniors rely on Social Security for “nearly all their income,” Forbes contributor and resident scholar at the American Enterprise Institute Andrew Biggs suggests that the degree of reliance might be overstated.…
SSA’s Budget Increased in 2018…But the Hole is Still Deep
Reuters Columnist Mark Miller provides a recap of the Social Security Administration’s budget increase for fiscal 2018, noting the agency is in line for an increase of about 4% to just over $12 billion. The increase bucks a Trump administration…
The Importance of Social Security Advice for Women
To say that advice on maximizing Social Security benefits for women is important is an understatement. It’s more than important, given that more than a quarter of women in a study by Harris Poll for the Nationwide Retirement Institute “believe…
Brady, Neal Applaud Senate Passage of the Social Security Representative Payee Bill
(Source: waysandmeans.house.gov) Washington, D.C. – The Senate passed by unanimous consent yesterday H.R. 4547, the Strengthening Protections for Social Security Beneficiaries Act of 2018 – bipartisan legislation to strengthen and improve the representative payee program to better protect those Social Security beneficiaries who are unable to manage their benefits…
What to expect each month on Social Security
As of January 2018, roughly $80 billion a month was being distributed to eligible beneficiaries with three-quarters of these benefits going to retired workers. However, what you may not realize is what Social Security does for more than 19 million…
The costs of working in retirement might outweigh the benefits
Today retirees have lots of opportunities to make extra money by taking on part-time jobs, starting a business or joining the gig economy. However, working may not always be your best bet since many retiree jobs sound better than they…
The basics of how to file for your Social Security benefits
Do you know the nuts and bolts of the Social Security application process? There is a lot of debate on when you should file for your benefits and exactly which claiming strategy you should use. The actual process you follow…
For those who think Social Security is a political “ponzi scheme”
All of us who live in the complex world of Social Security from time to time hear someone ranting about Social Security “going bankrupt”. If they’re younger, they lament that it surely won’t be there when it’s time for them…
The Nagging Question…When Must You Supply Your Social Security Number?
We’re in a time where database breaches resulting in the release of personal data–most notably Social Security numbers–has become fairly commonplace. And there’s no question about the vulnerability that arises from those breaches…whether it’s a situation as broad as the…