Headlines
Customer Service Chaos at Social Security
Talk to anyone who has tried to contact Social Security, and you’ll hear approximately the same story: the wait time on hold to speak with an agent was frustratingly long – often an hour or more – and often the…
Time to Face Facts: Some Social Security Cuts Will Be Necessary!
Here is a sobering reality: unless Congress reforms Social Security soon there will be an across-the-board cut in monthly benefits for everyone – even those already collecting – in about a decade. Here’s some more news: As life expectancy has…
Medicare’s “Guaranteed Issue” Rule for Part B
Medicare can sure be a slippery slope! For those who enroll in Medicare Part B during their Initial Enrollment Period (your “IEP,” which starts 3 months before the month you turn 65 and ends 3 months after the month you…
Hidden Downside to Big 2023 COLA Increase
How could there be a downside to the big 8.7% cost of living adjustment all Social Security recipients will get starting in 2023? Consider this: the 2023 COLA is an “after the fact” increase because you’ve already been paying highly…
What Does Social Security’s Future Look Like?
These days, there is no shortage of articles about Social Security, most of which lament the program’s current financial circumstances and feed into worries that future Americans may not be able to enjoy the fruits of paying into the program…
“Unretiring” Has Become an Option for Many Dealing With the Economy…But be Careful!
We’re in a pretty tough economy right now, and the outlook for the near term doesn’t look promising. As a result, and perhaps spurred on by the constant barrage of “help wanted” postings and cries of “worker shortages” we hear…
Envisioning and Defining Retirement
With all the financial and economic doom and gloom news, many retirees and pre-retirees are questioning their retirement plans. However, the media focuses on how to save for retirement, not how to spend in retirement. Jamie Hopkins uses the term…
Social Security retirement earnings test
The current economic conditions have many retirees thinking about returning to the workforce. First, you can get Social Security retirement or survivor benefits and work. However, if you’re younger than full retirement age and earn more than a specific dollar…
The real price tag to claiming Social Security too early
New research from economists at Boston University and the Federal Reserve Bank of Atlanta found many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits by claiming their Social Security benefits…
The Social Security Expansion Act
The Social Security Expansion Act (H.R. 8005) was introduced on June 9th by U.S. Rep Peter DeFazio (D-Ore). The purpose of this bill is to enhance Social Security benefits and ensure the long-term solvency of the Social Security program. Among…