Headlines
Thinking Beyond Social Security: Seniors Need a “resilient” retirement income plan
At a time of high inflation and a down stock market, Richard Eisenberg profiles James Mahaney, a longtime retirement-income and Social Security analyst. Mahaney has new book, “How to Craft a Resilient Retirement Income Plan,” that lays out six financial…
Short-lived break in 2023 for Social Security recipients?
Paul Brandus reviews the 5.9% cost of living adjustment (COLA) for 2022 and upcoming 8.7% increase for 2023 in the context of actual inflation. If current trends continue, and inflation does ease, seniors may finally have a year where they…
Is 2023 the Year Social Security Changes Become Reality?
Sean Williams details four Social Security proposals that President Biden talked about before assuming office. Williams does not think 2023 is the year any of these changes will occur, but he discusses them in depth in this piece, as something…
Political Brinksmanship on Major Retirement Legislation
The lame duck session of Congress has not yet passed the retirement bill dubbed The SECURE Act 2.0. Ben Werschkul reports that, while the bill has no Social Security provisions, it aims to follow up 2019’s SECURE Act, which was the…
The Most Dangerous Social Security Myth
There are a number of persistent myths when it comes to Social Security. “Congress stole the money” and “take it all at 62 or you’ll get nothing one day” are just two. But Maurie Backman states the one most likely…
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…