Headlines
Income Diversity Across Generations
The Bureau of Labor Statistics just released info that shows how each generation makes its income. This new tool makes it easy to see just how much Social Security affects each generation, and it comes as no surprise that the…
Preparing for Retirement
The most common concern in preparing for retirement is wondering if you will have enough saved and in investments to last throughout the rest of your life. Studies show that the most important period in retirement is the first 10…
Social Security and the Annual COLA Adjustment
Social Security is adjusted annually according to COLA which is based off of the Consumer Price Index. It was recently announced that the Price Index did not see enough of an increase in the past year to constitute a raise…
2016 Fix for Medicare Premiums May Re-Surface in 2017
American Enterprise Institute’s Joseph Antos, in a post today on tampabay.com, suggested that COLA conditions projected for 2017 may lead to a repeat of the premium increase threat staved off by the Bipartisan Budget Agreement this year. While no COLA increase would…
Politics and COLA – Thoughts on Changing the Formula
Michael Wald, an independent economics analyst and writer and retired U.S. Department of Labor Regional Director, takes a detailed look at various inflation indicators and how their adoption in the Social Security COLA calculation process would affect benefits. The article, titled…
Santorum Weighs In on Social Security Reform
2016 Presidential candidate Rick Santorum, speaking at a a campaign stop in Muscatine, Iowa, called for “a new and more fair way to deal with Social Security.” Referring to the program as an “entitlement,” he cited increases in life expectancy as…
Common Mistakes to Avoid with Social Security
A few recent reports have shown that many people applying for Social Security or nearing retirement age are making a few common mistakes that are easily avoidable. These mistakes are compounded with the recent change in rules in claiming benefits.…
Life Expectancy and Social Security
Life expectancy among the current population is rising higher and higher with advancements in health care and living conditions. This is a good thing, but it does put a strain on Social Security that now has to stretch farther than…
The Importance of Merging Retirement Accounts
Whether its procrastination or a simple misunderstanding of the final consequences of leaving retirement accounts stranded, individuals approaching their retirement years need to take steps to take maximize the value of the savings they’ve accumulated along the way. A recent Boston Research…
Carolyn Colvin on Social Security Today and in the Future
Acting Social Security Commissioner Carolyn Colvin Keynoted a joint Brookings Institute Retirement Security Project-Consumer Financial Protection Bureau (CFPB)-Social Security Administration (SSA) symposium focused on retirement planning and the information seniors need to make appropriate decisions as this life-phase approaches. During the course of the session,…