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How does your net worth compare to others?
Net worth, retirement savings and debt look very different once retirement begins. Turns out, though, that American’s in the age 65 to 74 age bracket are doing quite well compared to those in other age groups. for example, those in…
Who Are the “Social Security” Police?
Ever wonder if there is a police force which watches the Social Security Administration, and who looks out for the 72 million Americans who rely on this important benefit for retirees, spouses, minor children, and disabled workers and adults? Well,…
Elder Abuse Awareness
Yesterday, June 15th, was “Elder Abuse Awareness Day” at the Federal Government, and the Social Security Administration (SSA) highlighted some important information about elder abuse. SSA is, after all, responsible for helping about 70 million people live outside of poverty!…
The Retiree’s “Fear of Running Out of Money”
When we’ve been conditioned for almost our entire life to save, save, save, for our future retirement, it is hard for most to simply flip the switch to “spend, spend, spend” the nest egg we’ve so diligently accumulated over the…
Four Options for Social Security Reform
There are, of course, a plethora of options for reforming Social Security floating around Washington, D.C. these days, as the urgency of a solution was highlighted once again in the recent release of the SS Trustees’ annual report to Congress.…
Trustee’s Report confirms: SS Benefit Cuts are on the horizon (unless Congress acts soon)!
The Trustees of Social Security do an annual assessment of the Social Security program’s financial health, and the 2026 report (which reflects status as of the end of 2025) was finally released recently on June 9th. Disturbingly, the program’s financial…
What you should know about potential Social Security shortfall
According to the 2026 Social Security Trustees report released earlier this week, the fund is now expected to begin depleting by the fourth quarter of 2032. At that point, the fund would be able to pay 78 percent of scheduled…
Ending Social Security paper checks
The Social Security Administration announced on June 2nd, “to improve efficiency, reduce costs, and enhance security in federal payments, the Department of the Treasury is phasing out paper checks.” According to the agency, as of June 2026, fewer than 1%…
Getting Married Soon and Changing Your Name? Start with Social Security
Wedding season is a time of celebration, new beginnings, and for some, changing your name after marriage. If you decide to change your name after getting married, it’s important to update your Social Security card to match your new legal…
Unusually high rates of prior authorization denials
The Department of Health and Human Services’ inspector general’s latest report found three specific Medicare Advantage plans had the highest denial rate for long-term care requests. “The range of denial rates from 8 percent all the way up to 80…