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Candidate Haley Lays Out Four Specific Fixes for Social Security and Medicare
In a FoxNews Channel/YouTube video circulating today on the internet, 2024 Republican Presidential candidate Nikki Hakey chided her opponents for taking a “hands off” stance on the need for Social Security and Medicare reform. She outlined her plan to address…
Social Security’s Looming Insolvency–Know the Facts
Most folks tuned into current economic affairs are well aware of the projections that Social Security’s trust fund reserves, valued at nearly 3 trillion dollars just a few years ago, will be depleted by 2033 (or 2032, depending on the…
Is a Social Security Perpetuity Tax Coming?
Ted Jenkin, CEO and co-founder of oXYGen Financial, writes for Fox Business that a Social Security tax on all of your income is a real possibility under a second Biden term. He notes Biden has called for putting the combined…
Op-ed: Moves to maximize Social Security benefits in 2024
Lea Ann Knight, co-owner and managing partner at Better Money Decisions, writes for CNBC about being strategic in taking Social Security, an important income stream for millions in retirement. Waiting until age 70 is the usual best advice to gain…
Spotlight on Social Security Tax– 200+ People Have Already Paid Theirs in 2024
Teresa Ghilarducci, a former economics professor, highlights the Social Security wage cap in this Forbes piece. Only the first $168,600 in wages in 2024 are subject to the combined employee and employer 12.4% tax, and many of the uber rich…
Social Security Earnings Test: Unliked & Misunderstood.
If there’s one rule that trips people up the most when it comes to Social Security benefits, it’s likely the Earnings Test Limit. Maurie Backman notes many people like to work part or even full time while collecting benefits. But…
Happy New Year from Social Security Report!
From all of us at Social Security Report, we wish you and yours a happy, safe, and blessed new year in 2024. We resume our posting tomorrow and hope our readers continue to share and promote this site as their…
Social Security’s Rumored Demise
“Social Security benefits will end in about a decade.” This is an ongoing, frequently reported rumor that indicates misunderstanding about how Social Security is financed. The reality is that Social Security’s trust fund reserves have, since 2021, been used to…
New retirement saving and rule changes
Why is saving for retirement so hard? Most of us don’t make enough decisions with the future in mind, so it’s easier to do nothing than to make a change. However, saving and planning for retirement will be easier in…
New Social Security rules for 2024
The new year is approaching rapidly, which means new rules for Social Security. Some of the new rules you will find will be beneficial to recipients and workers, but the other rules are not so much. The beneficial rules for…