Headlines
A National Retirement Savings Program–A Way to Ensure Retirement Security?
The news these days is awash with projections of Social Security’s impending demise. Given the constant doom and gloom, it’s understandable that many recent retirees and, more importantly, those looking ahead to retirement develop a sense of despair. After all,…
Sen. Cassidy on Sovereign Wealth Fund: “Let’s use it to save Social Security!”
Reacting to President Trump’s executive order creating a sovereign wealth fund within the next year, U.S. Senator Bill Cassidy, M.D. (R-LA) yesterday suggested tying the concept to Social Security reform. Cassidy’s interest in the sovereign wealth fund approach dates back…
Thinking Outside the Box: Can Opting Out of Social Security be a Long-Term Solution?
As we’ve pointed out repeatedly on this site, the clock is ticking louder and louder as it counts down toward complete depletion of Social Security’s reserves–the reserves that, since 2021, have allowed the program to pay full promised benefits. With…
Trump Social Security Proposals: Will they be in the reconciliation bill?
White House press secretary Karoline Leavitt yesterday reported that President Trump’s proposals for elimination of tax on tips, overtime, and Social Security benefits may be included in the reconciliation bill now being crafted. A post on msn.com by Steven Nelson…
Does paying off a mortgage ASAP make sense for retirees?
The Joint Center for Housing Studies of Harvard University recently released a report showing that the number of homeowners aged 65 to 79 with a mortgage on their primary home has increased to 41 percent. Also, homeowners aged 80 and…
How Americans would prefer to solve the Social Security insolvency
The Social Security Trustees estimate that if lawmakers take no further action, Social Security’s combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust fund reserves will be depleted in 2035. After 2035, Social Security could still pay roughly…
Saver’s Match could boost retirement savings
In 2027, eligible Gen Z and Millennial retirement savers could see a double-digit increase thanks to the Saver’s Match. Saver’s Match, which replaces the Saver’s Credit, was enacted under the SECURE 2.0 Act, provides eligible taxpayers with a 50 percent…
The Social Security Fairness Act may take up to a year to implement
The Social Security Administration has taken several steps to tell people what it is doing to implement the Social Security Fairness Act and to provide important updates; however, it may be up to a year or longer to adjust benefits…
Prices might be rising faster than the Social Security COLA
In 2025, the Social Security cost-of-living adjustment was 2.5 percent; however, the cost of living is still high. On a national average, a single person would need $2,099 per month without a mortgage to cover housing, food, transportation, health care,…
Social Security Overpayments to Deceased Individuals
Social Security has begun a campaign to collect repayment from family members of deceased persons. These overpayments are rare but do occur because of delays in death notifications, errors in record updates and automatic deposits. Gabriela Leon for MSN explains…