Headlines
Retirement Bill Benefits Both Savers and Wall Street
Michael Hiltzik explains the important Secure 2.0 retirement provisions which were incorporated in Congress’s massive year end omnibus bill. Access to workplace retirement plans for those that have been traditionally left out, mainly lower income workers, is a key facet…
Where is Joe Biden on Social Security?
Bram Berkowitz has a piece here on a Biden quote that may put him at odds with Democrats looking to shore up Social Security’s long-term health. While the President’s own “I want to protect Social Security” statements offer nothing given…
The Midterm Elections and Your Retirement
Economist turned money manager Nick Sargen assesses the impact of the 2022 midterms on people’s retirement in this excellent piece in Forbes. He acknowledges it is rare for a lame duck Congress to produce substantive legislation. But buried in the…
Op-ed: Social Security’s Massive Malfeasance
Laurence Kotlikoff, Professor of Economics at Boston University, is a frequent contributor to the literature on Social Security. Writing here in Forbes, Kotlikoff is highly critical of other news outlets for missing much of the anachronistic facets to Social Security…
Happy New Year from Social Security Report!
As staff is off this day for the holiday, we wish all who read our important daily updates a Happy New Year. We are back January 3rd to provide congressional offices and staff and laypeople with an interest in all…
Secure 2.0 and the Retirement Financing Gap: Some Positive News
Much has been written about the disconnect between retirement savings goals and the prospects for reaching these goals. In fact, comparing the results of a Northwestern Mutual study question on how much is needed for a comfortable retirement with the average…
Social Security 2023: A Quick Refresher on the Changing Landscape
We’re two days away from a new calendar year and, as happens every year, the flipping of the calendar brings with it a slate of new parameters governing Social Security and affecting those receiving benefits. The GoBankingRates editorial staff has…
More on the Downside of 2023’s COLA
The extraordinary cost-of-living adjustment scheduled to appear in January Social Security benefits is a welcomed influx of cash for the 70 million Americans dealing with the inflationary pressures so prevalent in the U.S. economy. An 8.7% bump will help many…
Taxation of Social Security Benefits: A Stealth Tax Increase
A series of inflation-driven cost-of-living adjustments can be both a positive and a negative for retirees, as many will find out when filing their federal income tax returns in future years. This is simply because the thresholds for federal income…
Thoughts on Social Security Reform Beginning to Draw Attention
In a post several weeks ago on this website, we included an article titled “Did Biden Open the Door to Compromise on Social Security?” in which comments by the President regarding his openness to working with the incoming Congress on…