Headlines
The Continuing Social Security “Offices Closed” Saga
As our posts on this site have noted frequently in the past few months, the continued unavailability of Social Security field offices for walk-in traffic is a concern to many. See our May 19 post as an example, wherein Rep. Jody…
A Grim Outlook for Retirement?
Reporting on the results of The 2021 Global Retirement Index (GRI) by asset management company Natixis Investment Managers, Yahoo!Finance writer Yaёl Bizouati-Kennedy reports that many future retirees feel a miracle is in order for them to realize a secure retirement. The Bizouati-Kennedy post…
Perspectives on the Social Security Solvency Issue
Economist Max B. Sawicky, in a post today on eurasiareview.com, delves into myriad facets of the 2021 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (Trustees Report) issued August 31,…
Yet Another Call for Focus on Social Security’s Solvency Dilemma
In the wake generated by the projections in the 2021 Social Security Trustees Report issued August 31, many alarm bells are being sounded on the depletion projections for the combined Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) trust…
Social Security’s Solvency Issue…The Beat Goes on
In the roughly week and a half since the 2021 Social Security Trustees Report hit the streets, the airwaves have been peppered with alerts and warnings about the combined Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust…
Don’t Change Your Social Security Plans Because of Possible Benefit Cuts
On the heels of the recent Social Security Trustees report comes articles trumpeting the Trustees current belief that Social Security’s reserves will be depleted in 2034. That this is not new news sometimes gets lost, and could make people think that claiming their…
“Social Security Insolvency” – Doomsday Scenario or Not?
You may have noticed a flurry of media stories about the impending insolvency of Social Security and resulting benefit cuts. Most of these stories relate the news as a “doomsday scenario” where seniors who depend on Social Security are at significant…
Social Security’s “Representative Payee” Program
As the name suggests, a Social Security “representative payee” is someone who represents, and manages money for, another person who cannot handle their own financial affairs. The representative receives the incapable person’s Social Security benefits and uses those funds only to provide care for the incapable person. As…
About Fixing Social Security’s Finances
The just-released report from the Social Security Trustees has some good news, but more bad news. The good news is that there was an $11 billion surplus in the year 2020 which brought Social Security’s Trust Fund reserves up to…
Labor Day 2021
As we celebrate this 2021 Labor Day Federal holiday, it is good to remember that the day is not only about barbeques and gatherings with family and friends – rather it’s a celebration of the social and economic achievements of American workers.…