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Potential changes may call for a reassessment of Americans retirement plans.
Some things that may affect retirement plans are an increase in the cost of living and the government making changes to Social Security. A significant majority of workers expect Social Security to be a major source of retirement income. Other…
Can Annuities help with your Social Security strategy?
There are a myriad of options to consider when deciding to claim Social Security benefits. Eligibility spans eight years, from age 62 to 70. If you want to retire early and delay taking Social Security, how do you fill in…
Marriage Rates, Birth Rates, and the Future of Social Security
The U.S. taxpayer-to-beneficiary ratio has dropped dramatically since the early days of Social Security, skidding from 42:1 in 1945 to less than 3:1 today, with projections calling for a continued decline in the years ahead. Although not the only factor…
Survey Results Point to an Unfolding “Retirement Crisis”
Nearly nine in ten participants in a recent Alliance for Prosperity and a Secure Retirement (APSR) poll feel a retirement crisis is on the way for Americans. With only about a quarter of the poll participants feeling confident in their…
What did people do before Social Security?
Social Security was first introduced in 1935. It has been a tremendous support for older and disabled Americans for decades. Do you ever think about how older people managed before that time? There weren’t a lot of options and often…
An Update on the “You Earned It, You Keep It Act”
H.R. 7084, titled the “You Earned It, You Keep It Act” was introduced in late January of this year by Rep. Angie Craig (D-Minn) and has accumulated 10 cosponsors at this point. It’s primary objective is the elimination of federal…
Department of Labor Strengthens Regulaton on Savers’ Advice
There have been many articles posted over the past several years about the amount of financial resources accumulated for retirement, with the fairly common belief that future retirees are somewhat unprepared for their financial needs during a lengthy retirement. While…
CPI-E Advanced in New Congressional Bill
U.S. Rep. Ruben Gallego (D-AZ) recently introduced legislation that could increase the monthly benefits paid to seniors by requiring the Social Security Administration to use a different inflation-calculation formula. His bill, titled the “Boosting Benefits and COLAs for Seniors Act,” calls…
Members of American Federation of Teachers attend hearing for HR 82 ( Social Security Fairness Act)
The Windfall Eilimination Provision (WEP) and Government Pension Offset (GPO) affect the Social Security benefits of some government workers who are exempt from Social Security Tax. This legislation was meant to help offset the fact that these workers are treated…
The Social Security/Medicare Funding Picture in a Nutshell
Quite a bit of rhetoric is surfacing on the media airwaves about the operation and financial stability of America’s primary senior benefit programs, Social Security and Medicare. With much of the commentary dealing with the issue of the insolvency projections…