Headlines
Social Security Just Turned 88. Are Your Benefits Still Sound?
Here’s an interesting thought: Social Security turned 88 years old on August 14th, started paying benefits in 1937, and has never missed making a payment since. That’s a pretty darn good record by any measure – but will it continue?…
Medicare’s Preventive Healthcare Services
Medicare can sometimes seem like a confusing maze of rules and regulations, especially when it comes to knowing which services Medicare covers in full and which you will incur a co-pay for. Certain Medicare services, however, are considered “preventive” –…
Would Biden’s Plan for Social Security Work?
Other than vague promises not to cut Social Security benefits, President Biden hasn’t addressed Social Security’s looming financial issues since he offered his so-called “4-Point Plan” in 2020. We therefore assume that the four-point plan is still on the President’s…
10 Years From Retirement? Do These 10 Things
Social Security faces insolvency in ten years, and so saving more outside of that program is key for near retirees. Financial advisor Mark B. Murphy, who is also CEO of Northeast Private Client Group argues the 10 years leading up to…
Inflation Causing Uptick in 401k Hardship Withdrawals
The negative effects of the inflation of the past two years have been well documented, but it goes beyond Americans complaining about higher food costs and trouble paying rent. In this piece, Megan Henney cites new data from Bank of…
Raising Taxes to Rescue Social Security?
It’s mentioned a lot by pundits and Democrat politicians– raise payroll taxes to fix Social Security’s ill financial health. Maurie Backman explains the program’s troubles (insolvency hits around 2033-34) followed by various tax raising proposals. One is to increase the…
Baby Boomers Live Longer. Therefore, Avoid Buying These 5 Things
Vawn Himmelsbach’s piece here reminds readers that in the 1930s, average life expectancy was 58 for men and 62 for women, based on Social Security Administration data. However, today women have a 1-in-3 chance and men a 1-in-5 chance of living to…
Don’t Get Caught Off Guard By Upcoming Social Security Benefit Cuts
Are cuts really coming? Yes, they are, but Congress could act before 23% across the board cuts hit all beneficiaries in 2033. Still, people can prepare for Social Security’s looming insolvency which has been predicted and written about for more…
Making an informed choice about when to claim Social Security
Starting your Social Security retirement benefits is an important step on your retirement journey. The Social Security Administration reports: Elderly Social Security beneficiaries, 12 percent of men and 15 percent of women, rely on Social Security for 90 percent or…
AI may make fraudulent schemes easier and faster to execute
Elon Musk said, “While AI has tremendous potential to transform industries, we must not forget the impact it could have on society and must work to mitigate potential risks.” The risk is here now. The Social Security Administration Office of…