Headlines
Delayed Filing For Social Security Benefits…Is It the Right Strategy for You?
Many folks have received advice from their financial advisors to hold off on starting their Social Security retirement benefits, certainly until their full retirement age (FRA) or until age 70 if possible. In many respects, this is a sound strategy,…
Social Security Administration Reopening Most Offices to Public Today
SSA Resuming In-Office Services Today, April 7, the Social Security Administration (SSA) resumed in-office services by both walk-in and appointment for the first time since March 2020 at approximately 98 percent of its more than 1,200 field offices. The SSA…
How to save for retirement without employer-sponsored 401(k)
Saving for retirement can be daunting, especially without an employer-sponsored plan. According to the U.S. Bureau of Labor Statistics, 28 percent of workers in both the private and public sectors did not have access to an employer-sponsored retirement plan. So,…
What Secure Act 2.0 wouldn’t do
As we wait for the U.S. Senate to pass The Securing a Strong Retirement Act, known as the Secure Act 2.0, it is time to review what this bill is trying to accomplish and what it is not. “The Secure…
Social Security facts you should know
According to the Social Security Administration, among the elderly Social Security beneficiaries, 37 percent of men and 42 percent of women receive 50 percent or more of their income from Social Security. Also, the statistics show among elderly Social Security…
Social Security Administration to Resume In-Person Services at Local Social Security Offices
Kilolo Kijakazi, Acting Commissioner of Social Security, announced that local Social Security offices will restore in-person services, including for people without an appointment, on April 7, 2022. However, she suggests to the public “to avoid waiting in line, I strongly…
Could you be a never-beneficiary?
About four percent of the aged population never receives Social Security benefits. These never-beneficiaries include higher proportions of women, Hispanics, immigrants, the never-married, and the widowed than the beneficiary population; never-beneficiaries are also comparatively less educated. So, what can workers…
Social Security is not welfare and should not be construed as such
This Congress is little different from past sessions. Social Security bills promising higher benefits, whether as cost of living adjustments, one-time payments, or permanent minimum benefit increases were introduced yet again by Democrats. The problem with such bills, which are…
Secure Act 2.0 Passes House – More Positive Retirement Changes Forthcoming
This week the U.S. House passed The Securing a Strong Retirement Act, known as the Secure Act 2.0, by a bipartisan vote of 414-5. It now heads to the Senate. Carmen Reinicke of CNBC breaks down the bill, which builds…
Op-ed: Don’t Raise Retirement Age. But is that advice even possible?
That Social Security needs reform is generally not in dispute. Reasonable people on all sides usually differ over how to shore up the program, not whether it needs shoring up. But Alicia Munnell of MarketWatch curiously seems not to acknowledge…