Headlines
Social Security’s Future–A Clear and Concise Synopsis
Media accounts of Social Security’s long-term viability frequently set forth a dismal picture, often using terms like “bankrupt” that generate either alarm or despair depending on one’s age and proximity to benefit eligibility. Those who follow this subject closely, of…
Maximizing Benefits via a Bridging Strategy
Many folks looking ahead to the decision on when to begin drawing Social Security benefits often seek ways to make their eventual monthly payment as high as possible, and most financial advisors tell them it’s simple: wait until age 70.…
Raise the Retirement Age or Lower It? Gen Z and Millennials Weigh In
Many proposals to address the Social Security program’s evaporating financial reserves include a recommendation to add a few years to the full retirement age (FRA) provision, perhaps extending it as far as age 70 from its current age 67. Advocates…
Americans Losing Faith in Government’s Ability to Resolve Social Security Dilemma?
The Nationwide Retirement Institute 2023 Social Security Survey results indicate a continuing disbelief that government will “do the right” thing to shore up our ailing Social Security system in time to prevent an erosion of retirement security. Specifically, while survey…
2024 Cost of Living Adjustment – Temper your Expectations
On the heels of a big 8.7% Cost of Living Adjustment (COLA) for 2023, many Social Security recipients are wondering if a similar raise is in the cards for next year. The answer to that question is “No,” but a…
Working at 65? You May be Able to Delay Enrolling in Medicare
As most American’s know, 65 is the magic age at which you become eligible to enroll in the nation’s most important healthcare program, Medicare. Medicare is, after all, a program which provides crucial healthcare coverage to nearly all senior citizens…
A Moment in Social Security History
The Social Security Act was signed into law by FDR in 1935, thus launching a program which, 88 years later, still provides a significant degree of financial security to American seniors, the disabled, and minor dependents. Notwithstanding some of the…
Can I Work While Collecting Social Security Disability?
The short answer to that question is, yes, but only on a limited basis. Social Security Disability Insurance (SSDI) benefits are, after all, intended as a lifeline to those who have contributed to Social Security but have become disabled and…
The History of Labor Day
Although Summer as a season doesn’t actually end until later in September, most northern resort areas start closing up shop immediately after Labor Day. These days, many think of Labor Day as merely another holiday, offering a three day respite…
These rules dictate how much you will receive in retirement
The Social Security Administration reports that 31 percent of the workforce in private industry have no access to pension coverage, and only 16 percent of those without access said they have any retirement savings. A recent Nationwide Retirement Institute survey…