Headlines
The POTUS and Social Security
Social Security is a very hot topic at the moment and everyone in politics are voicing their opinions on it. This includes the time-honored tradition of the “flip flop.” President Obama has changed his outlook on Social Security since starting…
Knowledge is the Power Needed for Retirement Planning – Especially for Women
The importance of knowing the way Social Security actually works is critical to everyone’s retirement planning, but especially to women. The female segment of the Social Security beneficiary population is about 56% (66% of the over 85 age group), making…
A New Way to Fund Social Security
The insolvency issue has been a hot topic lately and everyone seems to have their own idea of the right answer. There are many different proposals out there that all promise to solve the issues. With all of these plans…
Taking Early Benefits
Although the number of people deciding to follow the advice of waiting to file for retirement is rising, the majority of recent retirees have taken early benefits. Many of those that take early benefits have outside factors weighing on that…
Increased Burden on Younger Workers
America is on course to have problems replacing workers entering retirement. Baby Boomers are still the largest generation in the U.S. and are entering retirement at larger rates each year. Already, Millennials have caught up to tie the Boomers as…
Nation Wising up on Social Security
The most repeated advice on receiving Social Security is to wait as long as you can afford to before filing. American’s might finally be listening to this advice as a recent survey showed more and more are waiting until at…
Health Care Costs in Retirement
In retirement you find that you start spending less in some areas and more in others. For example, you may find yourself spending less on gas because you no longer commute ever day to work. It is estimated that retirees…
American Dependence on Social Security
Americans have come to rely on their Social Security as one of their primary sources of income in retirement. Social Security makes up as much as 89% of income for 63% of retirees. This is pretty troubling news when the…
2017 COLA Watch is on!
Financial analyst Scott Burns, in an article posted on Denton Record-Chronicle’s website, provides a starting point for assessing the likelihood of a Cost-of-Living Adjustment (COLA) in 2017 for Social Security’s more than 60 million beneficiaries. His article, which can be…
On Leaks in Social Security
There have recently been many reports on how the Social Security Administration is run. These reports were scathing in their comments on misconduct and incompetence. A recent report by the Budget Office also showed that the Administration was severely underfunded…