Headlines
Is increasing Social Security’s full retirement age on the horizon?
Social Security’s full retirement age (FRA) is the point at which you get 100% of the monthly benefit you’ve earned from a lifetime of working. Right now, the FRA for anyone born in 1960 or later is age 67. And,…
Contrasting View: Taking Social Security at 62 is wrong
In contrast to yesterday’s Headline Article at this website – “Should You Claim Social Security at 62?” – this article by financial guru Suze Ormond argues that, in most instances, you should not claim Social Security at age 62 but…
Should You Claim Social Security at 62?
Most financial advisors will likely say no – it’s far better to wait longer to claim Social Security and get a higher monthly payment for the rest of your life. Why then, is age 62 the most popular age to…
How Taxes fit into Social Security’s Financial Future
Unless you were sleeping (or perhaps out of the country) since the last Presidential election, you’ve likely heard a lot about President Trump’s desire to change how income taxes are levied on Social Security benefits. Repealing taxes on Social Security…
How Social Security fits into your retirement plans
This year, many federal employees will be retiring or will be facing downsizing. It is important for them, and other individuals, to reevaluate their retirement plans and understand how Social Security benefits fit into them. Tammy Flanagan, Retirement Counseling and…
Legislation to make changes to the terminology used by Social Security
Sen. Bill Cassidy, [R-LA] introduced on April 29, 2025, a bill to require changes to the Social Security Administration’s terminology. S.1504 – would require the Social Security Administration to make changes to the social security terminology used in the rules,…
Engagement and education gaps involving retirement income
A recent study by the Defined Contribution Institutional Investment Association (DCIIA) found “engagement and education gaps involving retirement income remain a major concern.” The study also found low financial literacy surrounding retirement income and low adoption rates of retirement income…
900,000 are still waiting for their benefit adjustment
The Social Security Fairness Act, affecting over three million retirees, was signed into law on January 5, 2025. The Social Security Administration has processed 2.3 million benefit adjustments, with over 80 percent of retirees affected by the Act receiving their…
What is the new overpayment recovery rate?
According to an emergency message released by the Social Security Administration, the Social Security Administration is stepping back from the 100 percent withholding rate on new overpayment benefits to 50 percent for select beneficiaries only. However, the agency has not…
Dramatic increase in initial claims for Social Security benefits
Americans are rushing to apply for Social Security benefits this year, for some, earlier than planned. Why? Many Americans saw the changes around the Social Security Administration and the stock market volatility as a sign that they should apply for…