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Regarding Portions of the 6/6/2024 Social Security Subcommittee Hearing on Trust Funds

We all know that Social Security is on a path to trust fund insolvency by 2035. The hearing points out that the Biden Administration’s new budget will make things worse. Nothing is being done right now to correct the situation.…

Will your Social Security Benefits be Enough to get by ?

Social Security benefits vary greatly depending on your career earnings. Will even those being paid the highest benefits have enough? Since Social Security is designed to replace approximately 40% of your income, probably not. Read this article by Christy Bieber…

Will your Retirement Budget Meet your Needs?

Financial Planning for retirement is challenging. Some parts of the equation are known and some need to be analyzed and estimated. It’s best to look at different scenarios. This article by Mark Henricks for smartasset published on June 5, 2024…

What Causes Occasional Double Social Security Payments in one Month?

In May 2024 SSI recipients received two payments, one on May 1st and one on May 31st. This occurred because the first of June fell on a weekend. Social Security’s payout calendar causes this to happen sometimes. As a result…

How could Social Security Insolvency affect your Retirement?

This report by David Fei published on June 3, 2024 for FedSmith.com contains information on this very topic. Perhaps it’s a good strategy to take the potential reductions to consider in your retirement planning. Social Security will always pay benefits.…

The So-called Social Security “Apocalypse”

“Apocalypse” and “Doomsday” are words which have been used to describe Social Security’s looming financial issue, but both words are not an accurate way to described the problem. According to this FOX29 article by Heather Miller, it would be more…

All About Taxation of Retirement Benefits (including Social Security)

Ben Franklin once said, “Nothing is certain but death an taxes.” Especially at the Federal level, taxation of your income may be inevitable, but the story is considerably different when it comes to State income taxes. The fact is, that…

Social Security Solvency: A Perspective

Considering all the media exposure the topic has received in recent years, you’re likely already aware that Social Security is facing some financial issues in the not-too-distant future. To be exact, 2033 is when the program’s Trustees currently project Social…

About Medicare Advantage and Prior Authorizatons

Medicare Advantage (MA) plans, often referred to as Medicare Part C, are healthcare insurance plans that replace “original Medicare,” often doing so at little to no additional cost, while simultaneously offering additional services. The combination of additional services at low/no…

Memorial Day – A Time for Reflection

On this solemn day, we pause to reflect upon the ultimate sacrifice made by so many Americans. Earlier this month we celebrated Armed Forces Day honoring all currently serving in our armed forces, and in November we will celebrate Veterans…

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