Headlines
Your taxes and Social Security
The Social Security Trust Fund will be insolvent within the next ten years, causing benefits to be cut by 23 percent unless Congress reforms the program. The current presidential candidates both say they will not touch the program; however, the…
Social Security Systems Around the World
A comparison of retirement systems in different countries by Lou Carloza for Yahoo Finance. Read here… As our own program struggles with potential insolvency, it is interesting to note how other countries handle their retirement programs. As an example of…
How a Trump Victory could affect Social Security
There are many ideas out there for reforming Social Security. This article by Terence Loose for Go Banking Rates gives one perspective on the effect of a Republican win on the program. Read here… As an example of the leading…
Candidates Stand on Protecting Social Security
Candidates at the Republican National Convention this year made it a point of speaking on the importance of taking care of Social Security and Medicare. This could make a difference in how Senior Citizens vote this November as Gordon Lang…
Reforming Social Security
Social Security needs updates now to avoid a decrease in benefits for all beneficiaries in about 10 years. There are an abundance of ideas on how this should be accomplished. This Watchblog by the Government Accountability Office gives us a…
What do Think Tanks say about Donald Trump’s Proposed Tax Cut for Social Security Recipients?
Some say it is not a good idea because it will benefit the “wealthy”. What is the definition of “wealthy”? There are lots of seniors making under $100,000 a year that would benefit greatly, especially widows and widowers. Yes, if…
Rethinking the idea of retirement & working age
Vivian Lam has an interesting piece here in The Conversation that challenges traditional ways of thinking about chronological age, cognitive age, and functional age. She notes retirement ages will have to rise and that Denmark is planning on raising its…
Trump: No income tax on Social Security
Timothy Nerozzi of Fox News reports on news that Donald Trump made related to Social Security this week. Income tax on benefits draws the ire of seniors nationwide, especially since more are ensnared each year by the low thresholds that…
Is There a Retirement Crisis?
Spencer Look and Jack VanDerhei of Morningstar present a nuanced piece here to address the question about a U.S. retirement crisis. The pair use the new Morningstar Model of US Retirement Outcomes to analyze the likelihood that today’s workers will have adequate…
Trump & Harris Trade Barbs on Social Security. Who’s Right?
Glenn Kessler starts with, “In every presidential election, Democrats and Republicans lob charges and claims about the venerable old-age programs Social Security and Medicare.” Indeed. Harris is incorrectly stating Project 2025 cuts Social Security. She seems to be using that…