Headlines
Just in Case the Social Security Trust Funds Run Out of Money
The Social Security Trustees released their 2017 report stating the trust funds are on track to run out of money by 2034, just 17 short years from now, resulting with benefits being cut by 23 percent in order to match…
Three Steps to Live Well with or without Social Security
While the future of Social Security benefits is being debated; the program itself will not disappear any time soon. However, if you take the three steps outlined in Brian Stoffel’s column appearing on the Motley Fool’s website (www.fool.com), they will…
Questions to Ask Yourself About Retirement in Your 50s
Many of us didn’t put much thought into our retirement when we were in our 20s, 30s, or even 40s. But now, we are in our 50s and retirement is probably just a decade or so away. Now, it’s time to…
Congress must act now to avoid big Social Security cuts later
The just-released Social Security Trustees’ Report carries a dire warning: If Congress doesn’t act soon, steep cuts in benefits will be kicking in about 17 years from now. To some, 17 years sounds like a long time off, so they say…
It’s time to fix Social Security’s financial issues
On the heels of the Trustee’s Report on Social Security, it’s time to look the problem squarely in the face and take action to fix it. Social Security’s two trust funds – Old Age & Survivors, and Disability – are…
The 2017 Social Security Trustee’s Report
Social Security’s Board of Trustees released their 2017 annual report yesterday, including a forecast that there is no change to the projected date the OASI (Old Age & Survivors) and DI (Disability) Trust Fund asset reserves, now totaling $2.85 trillion, will…
Though well-intended, Social Security agents sometimes get it wrong
Given the complexity of the subject, the Social Security Administration’s agents dealing with the public don’t always provide correct information to potential beneficiaries. They certainly all mean well, but with over 2700 pages of rules and regulations, it’s not at all…
If you owe Uncle Sam money, they could take it from your Social Security check
Nearly 50% of retired couples and over 70% of single retirees depend on Social Security for about half of their retirement income, and nearly all recipients depend, to at least some degree, on their benefit to make ends meet. Be aware…
When a young worker dies, the rules for survivors benefits are less strict
Though most view Social Security as a program only for older Americans, it’s also a program for the survivors of workers who tragically die at a young age. In these cases, surviving spouses and young children can receive benefits from Social Security,…
Should you claim Social Security at 62, or not?
62 is the “magic age” when most are eligible to start collecting their Social Security benefits, but is it wise to do so? Well the answer is, “It depends”. As with many things in life you have choices, and whether…