Headlines
“Clawback” Matter Rises on Congressional Priority List
The Senate Finance Committee last week announced its intent to accelerate attention to the Social Security Administration’s massive overpayment problem…the problem through which more than two million Americans each year are subject to demand letters for repayment of benefits they’ve…
Eliminate the Payroll Tax Cap?
The payroll tax cap – the amount of earnings on which workers must make Social Security FICA or SECA (self-employment) contributions – is a metric which many politicians target in their quest for a solution to Social Security’s looming financial…
About Strengthening Social Security
It’s a rather simple principle, but the first step to solving any issue is to completely understand it, and define reason the problem exists in the first place. In other words, a “root cause analysis.” We read many articles which…
Life Expectancy and Social Security
Many news reports say that COVID-19 had an impact on average life expectancy, from which we have not fully recovered. According to the Centers for Disease Control (CDC), life expectancy has recovered somewhat since the pandemic’s end, but it’s still…
Retiring Soon? Here’s What You Should Know
We can always count on Suze Orman to offer sound financial advice, and she certainly delivers in this GoBankingRates article. Suze tees up an excellent perspective on what to consider as you contemplate your retirement future and where and how…
Early Claimers Beware – Social Security Limits How Much You Can Earn
As a Social Security Advisor, I can’t even count the people who have contacted me in panic because they received an Overpayment Notice from Social Security demanding repayment of thousands of dollars in overpaid benefits. The cause? Because they claimed…
Donald Trump and Social Security
There was a time when one would commend a politician for having keen political instincts by avoiding talk of reforming Social Security. But given that insolvency is a decade or less away and deep benefit cuts loom, those who follow…
The Social Security Rule That is Costing Seniors Billions
Kailey Hagen explains the chatter about what is changing for Social Security in 2024. Essentially it is the typical yearly changes tied to inflation that affect benefits, the wage base, and how much can be earned through working and collecting.…
Where does the GOP field stand on Social Security?
Savannah Kuchar of USA Today reviews the GOP presidential field and where they stand now and in the past on Social Security. One candidate called the program a Ponzi Scheme, one that should be privatized, and favored a retirement age…
Nikki Haley is unafraid to talk Social Security & Medicare reform
Fredreka Schouten of CNN explains that GOP presidential candidate Nikki Haley is seemingly alone in acknowledging we have federal entitlement programs we simply cannot afford. Haley is open to increasing the Social Security retirement age for today’s younger workers and…