Headlines
A Different COLA Perspective
The latest estimate projects a COLA increase of 2.57% in 2025, which is lower than it was in 2024. Of course, this is still an estimate and the actual number will be released in October. A smaller percentage could be…
Expert’s Social Security Advice to Gen Zers: “You Have Time to Plan”
In a report posted on nbclosangeles.com, CNBC’s Cheyenne DeVon suggests that millennials and Gen Zers harbor concerns that Social Security faces oblivion and that “… 40% think they ‘won’t get a dime’ of Social Security benefits.” She points to repetitive…
Challenging the “Earned Benefit” Definition of Social Security
Arguments and viewpoints on Social Security reform are increasing these days, and since we’re within a decade of the program’s financial flash point, that’s a good thing. Most who’ve been following this slow-moving train wreck are aware of the projected…
An Argument for Price Indexing as a Social Security Solution
Many proposals to address the Social Security solvency problem have been floated to Congress over the past few years, but they always seem to come back to the need to add revenue (tax increases) or reduce benefits as the only…
Social Security’s Reckoning: A Sobering Viewpoint on What Should be Emphasized
A quick look at political headlines today will show that the long-term financial problems facing our Social Security system are becoming more widely known. We’re in a less-than-decade window of when action must be taken—either corrective action or default action…
Exploring the Impact of the “No Tax on Social Security Benefits” Pledge
The 2024 Presidential Election cycle is in its closing weeks, and one issue that has received considerable attention is the question of taxation on Social Security benefits. From assessing payroll taxes on tip income to eliminating Social Security benefits from…
Five retirement challenges that many women face
Women face some unique challenges compared to most men when planning their retirement. The Women’s Institute for a Secure Retirement has listed five challenges facing women when planning for retirement. Tammy Flanagan outlines these challenges as a woman employed in…
Social Security is the top issue for voters
CNBC poll finds Americans rank Social Security as one of the top issues when determining who they will vote for this November. In the recent Nationwide Retirement Institute survey findings, respondents expressed the same sentiment on how Social Security will…
Why retirement savings have stalled
Nearly nine out of ten people age 65 and older were receiving a Social Security benefit as of June 30, 2024. Among those beneficiaries age 65 and older, 12 percent of men and 15 percent of women rely on Social…
Increasing the wage base to save Social Security
Policy experts are debating the many options to resolve the issue of Social Security insolvency. Some strategies to fix Social Security include raising the full retirement age, changing the cost-of-living measure, and means-testing for benefits, along with the many other…