Headlines
Social Security Becoming Hot Topic Among Candidates
Since the news on low inflation and no COLA, presidential candidates have picked up Social Security as a new talking point. Most of the talk is around either agreeing or disagreeing with Obama’s urging to push through a boost in…
Audit Shows Disability Paid to Non-U.S. Residents
A recent audit conducted by the Social Security Administration Inspector General revealed that almost 1,200 recipients of disability benefits live outside of the United States. 246 of these payments are not allowed under the current rules of the system, totaling…
Age Discrimination in the Work Place
Baby Boomers pioneered ageism in the 60s and now it’s come back to bite them. The newer generations have turned the tables against the aging boomers who are now trying to fight back against the problem they created. As more…
Retiring With Young Children
You are eligible for extra monthly income when filing for retirement while still raising young children, up to 80% more. This full amount is the family maximum payment and cannot be exceeded, rather it is divvied up between all eligible…
Arguments Against Raising the Retirement Age
As the 2016 election cycle approaches, candidates are becoming more and more vocal on their suggestions for addressing the Social Security solvency issue. One of the frequent points discussed in these solutions is the raising of the full retirement age…
Obama Talks Social Security
Obama showed concern for the millions affected by the recent ruling of there being no COLA increase for the next year. He has been talking with congress about a possible change to resolve this issue, saying that the consequences were…
Officially no COLA Increase for Social Security in 2016
For only the third time in the last four decades, Social Security benefits will not be receiving an increase in pay outs. This is because of the most recent government review of the measure of inflation in the last year,…
Investments Compared Across Generations
J.P. Morgan Asset Management recently released a new paper detailing the differences between investments and financial situations across the Baby Boomer generation and Generation X. The paper goes over how investment choices have differed through the generations and how the…
Cost of Fuel Impacting Social Security Benefits
Thursday, October 15, will be the day that the government announces the annual Cost of Living Adjustment (COLA) that decides whether benefits will increase for Social Security payouts for the next year. Economists are predicting that there will be no…
Reflecting on the Impact of a Zero COLA Increase
According to most media reports, the expected decision to not award a cost of living allowance (COLA) increase for seniors this year is largely the result of falling gas prices. From the perspective of current beneficiaries, though, the change in gas prices…