Headlines
Op-ed: Biden, Macron, and the Politics of Social Security
Ingrid Jacques of USA Today writes here that President Biden might learn a thing or two from French President Emmanuel Macron, namely that people are living much longer and retirement programs must adapt or face insolvency. Macron has been resolute…
The Social Security insolvency app
Americans know that Social Security is facing insolvency in a decade, but what can the average person do about saving Social Security? Mr. Brian Septon, principal at the Terry Group, decided to use the new app from the American Academy…
Retirement preparedness dropped below pre-pandemic levels
According to the latest study from Fidelity Investments, over 50 percent of Americans are falling short of having enough savings to cover everyday essentials when they retire. Only 32 percent of Americans say they are on track to retire comfortably,…
Solo 401(k) and SEP IRA at a glance
Planning for retirement can be difficult and confusing, especially if you are self-employed or a small business owner. The most popular choices are the solo 401(k) and the Simplified Employee Pension (SEP) individual retirement arrangements or SEP IRA. Each one…
Did you receive an overpayment notice from the Social Security?
Yes, the Social Security Administration does make mistakes. How does this happen? There are a few reasons, but usually, the overpayments occur due to an individual not notifying Social Security of changes happening in their life. So how does Social…
What you need to know about retirement ages in the US
Your age matters when it comes to Social Security benefits. You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your full retirement age. If you…
The “Stealth Tax” on Social Security Benefits
Taxation of Social Security benefits first became law in 1983. At that time, single filers whose income from all sources (including half of SS benefits received) exceeded $25,000, and married filers whose total income exceeded $32,000, were required to pay…
Social Security Reform: A Worldwide Dilemma
For all of the rhetoric in Washington D.C. about potential “cuts” to Social Security, the discussions never seem to include a sobering fact: American demographics have changed dramatically over the years to the point that the current Social Security model…
The Urgency of Medicare Reform
All the talk in Washington, D.C., starting with the President’s State of the Union message, has been by politicians on both sides of the aisle claiming that Medicare reform is “off the table” in the current negotiations over the national…
About Raising Social Security’s Full Retirement Age
Fear of being labeled as trying to “cut” Social Security benefits (thus “throwing grandma off the cliff” as some on the left would say), means many in Congress don’t even want to talk about Social Security reform. Case in point:…