Headlines
There are long-term financing problems with Social Security but it can be fixed
Mary Beth Franklin, a certified financial planner and contributing editor at Investment News speaking at a Bipartisan Policy Center event, told the audience, “Social Security is not going bankrupt… there are long-term financing problems that we can deal with.” It’s…
Benefits could increase by 4.7 percent next year?
The Social Security cost-of-living adjustments (COLA) are generally announced in October and helps offset your loss of purchasing power due to the effects of inflation. Cost-of-living adjustments are typically equal to the percentage increase in the consumer price index for…
How to delay Social Security when it makes sense
Although predicting how long you will live is impossible, things like general good health and a family history of longevity could lead to a higher probability of living a long life. So, it makes sense to delay your Social Security…
Should you claim Social Security at 65?
When it’s time to sign up for your Social Security benefits, you have some flexibility. You can sign up as early as age 62 and take a permanent reduction to your monthly benefit or as late as age 70 and…
Before you assume that age 62 is the best time for you to claim your benefits, read this
When it’s time to sign up for your Social Security benefits, you have some flexibility. You can sign up as early as age 62 or as late as age 70; however, there is no financial incentive to postpone after age…
So, you have a million dollars in retirement funds. Good enough?
For many years, the goal of having an accumulated retirement fund worth $1 million was considered adequate to ensure a comfortable lifestyle in the final stage of life. Like many of the questions folks have about Social Security, the answer to whether…
Rep. Larson: Social Security 2100 Bill Likely to be Reintroduced Mid-Year
In an interview posted yesterday by Sr. Editor Tobias Salinger on www.financial-planning.com, Rep. John Larson (D-CT) indicated that the Social Security 2100 Act he introduced in January 2019 is likely to be re-introduced mid-year 2021 in the current Congress. During the…
SSA Offices Urged to Reopen
Rep. Jody Hice (R-Ga.), ranking member of the Subcommittee on Government Operations, is urging Federal workers to return to their normal workplaces. Citing updated CDC guidance on mask requirements, as well as the most recent progress in vaccination rates, Hice…
Future Retirees Growing More Pessimistic
Global analytics firm Gallup’s recent Economy and Personal Finance poll produced some significant indicators that future U.S. retirees are becoming less certain about their ability to adequately fund their retirement. Although up slightly from the previous year, pessimism has grown from pre-pandemic levels and…
2022 COLA Watch: The Good News, and the Bad News
If you’ve been paying attention to the financial markets over the past few weeks, you’ve no doubt heard quite a few references to the dreaded “i word” – inflation. The consumer price index (CPI) number for April registered a whopping…