Headlines
Is 40 the new 65?
Do you believe 40 is the new 65 when it comes to retirement? If so, you are not alone. According to a recent survey by Qualtrics, almost 25 percent of younger Millennials and Gen Z workers plan to retire by…
Workers want lawmakers to shore up Social Security
U.S. workers want lawmakers to address Social Security’s insolvency issue. In a recent report, 58 percent of workers said they want the President and Congress to fix Social Security. However, when asked what Congress should do, the response was mixed,…
Surprised With Your Low Social Security? You’re Not Alone
Social Security benefits only replace 33 to 55 percent of the average earnings for American workers. Social Security is the largest source of income for most beneficiaries and some, their sole source of income. With the current economic conditions, you…
Here’s the average age retirees claim Social Security
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 retirement age. If you delay taking your benefits from your full retirement age up to…
Older Voters & Social Security: New poll results
Lorie Konish of CNBC explains the looming insolvency of Social Security and then notes it is an “up for grabs” issue for both parties in the 2024 election. Support on this issue is essentially tied between Democrats and Republicans. Konish…
The $600 Payment & COLA Scams Gain Traction. Experts Warn Watch Out.
Social Security scams are hardly new, though the level of sophistication is increasing. Jason Collins reports that the Social Security Administration (SSA) is coming out swinging on the latest one time $600 payment scheme. He notes the agency was receiving…
Yes. Social Security Retirement Age Should Be Raised
Rachel Greszler, a Senior Research Fellow at The Roe Institute, makes the case for raising Social Security’s full retirement age to 69 or 70 as a way to stave off insolvency. When the program was enacted, life expectancy at birth was 61…
Actuaries state Social Security cut will be $325/mo starting in 2033 without changes
That’s right, for the average Social Security recipient, benefit cuts of $325 per month begin in 2033 absent reform, according to the head actuaries for Social Security and Medicare, who testified before a House panel last week on the two safety net…
Social Security is in big trouble. Will a commission help?
It’s hardly a new idea– set up a blue ribbon panel of experts to tell us what we already know and propose a mix of the only three possibilities to help a program in financial distress– raise taxes, cut benefits,…
Budget Committee’s Arrington on Social Security & Medicare Solvency: “Let’s Get to Work!”
Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) opened the hearing formally titled “Medicare and Social Security: Examining Solvency and Impacts to the Federal Budget” with a statement stressing that “retirement security and health care security have 60+ million people…