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Who Will Solve Social Security’s Financial Crisis?
Congress has been kicking this can down the road for a long time. For several decades, the Trustees of Social Security have warned, in their annual report to Congress, that Social Security is facing a financial crisis. For many years,…
Claiming too Early Could Hurt Your Spouse Later
Deciding when to claim Social Security is always a challenge, and far too many make that decision without fully understanding the consequences. It’s confusing, especially since there is a window of about 8 years during which you can claim SS…
A Misguided Approach to Solving Social Security’s Financial Issue
In this somewhat scathing indictment, noted economist Alicia Munnell discusses a proposal by U.S. Senators Cassidy and Kaine to solve the Social Security program’s financial woes through borrowed funding. The so-called Cassidy-Kaine Proposal suggests that the federal government borrow $1.5…
Social Security: Looking Ahead to 2027
As most of us know, annual changes to Social Security are inevitable, some of which are good and some of which may take a bit more out of your pocket. This Motley Fool article by Christy Bieber discusses several SS…
SSA Warns of New Scam Technique
There is no shortage of nefarious individuals seeking to gain access to your money, and your Social Security benefit is an inviting target for these cyber criminals. The Social Security Administration (SSA) has warned SS beneficiaries of a new technique…
Military Veterans – Are You Eligible for VA benefits?
As a country, we have no higher obligation than that owed to our military veterans, whose sacrifices made the freedoms we enjoy available. The U.S. Department of Veterans Affairs, known more familiarly as the “Veterans Administration (VA), provides eligible U.S.…
Claiming SS early? Beware of the “Earnings Test”
Claiming Social Security at any time after age 62, while continuing to work, can seem like a great way to enhance your monthly income and make life a bit more comfortable. After all, you’ve worked an entire career contributing to…
America’s Retirement Age: 85 is the new 65!
Old norms take a long time to change, but one lingering phenomenon seems to be changing – retirement age in America. For many decades, age 62 (when Social Security benefits become available) or age 65 (when Medicare becomes available) have…
About Using Social Security’s online services
There has been a definite trend in recent years to do more “online” – that is, transact your business via the internet using emerging technologies, or “going digital.” The Social Security Administration has, for years, been adopting new online methodologies…
Beware! Social Security Scams Are Dangerous!
Scammers – those nefarious individuals who try to bilk you out of your money – are becoming more and more sophisticated in their approach to con you. They use very realistic looking emails with actual logos of the Social Security…