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Project 2025 and Social Security Cuts…Not so, Says PBS News
If you’re tuned into the political news these days—and who isn’t—you’ve probably heard quite a few references to Project 2025, which is subheaded by the Presidential Transition Project. One of the more frequent assertions is that this document calls for…
Too Much Dependence on Social Security Could be a Problem
A post by The Motley Fool’s Katie Brockman highlights the results of a recent Gallup poll in which 60% of those surveyed indicate that their Social Security benefits are a major source of their retirement income. Further, nearly 905 of…
Scary Headlines that Create Social Security Angst
We’re still more than two months away from Halloween. Still, we’ve seen some media articles with headlines that, if not carefully read, tend to create apprehension in the minds of Social Security beneficiaries. For example, this headline from several days…
Is there a “Retirement Crisis?” Well, it probably depends on who you ask.
A recent survey published by Prudential Financial suggests that well over hLF–58%, to be exact–appear convinced that the U.S. is in the midst of a crisis of some sort. But, is that really the case, or is it just that…
Understanding How Age At Filing Impacts Benefit Levels
Getting the highest Social Security benefit possible is generally only a dream for most workers. It requires a long career in a high-paying job, along with deferring benefits all the way to age 70 to take advantage of delayed retirement…
“Earnings Sharing”…An Item Considered, but Perhaps Not Practical Under Current Social Security Rules
Social Security expert Tom Margenau, in a post on dallasnews.com, responds to a suggestion from a reader that there needs to be a better way for Social Security to compensate, in retirement, homemakers for their time outside the workforce. In…
Thoughts on Stretching Your Monthly Social Security Benefit
It’s tough these days for many retirees to make ends meet comfortably, and those dependent on Social Security feel that pain more acutely. Even though the rate of inflation seems to be easing, it’s clear that the price levels reached…
Dealing With the NPD Data Breach
The airwaves are alight with news accounts of the National Public Data incident in which an “estimated 3 billion personal records of people and include your name, email address, phone number, Social Security number and mailing addresses” may have been…
Do you need all those things in retirement?
As you are planning the next stage of your life, you need to take stock of your possessions to make sure what you have is necessary for the next phase of your life. Joseph Eck, CFP, advises his clients to…
What happened with the USDoD hack
Around April 2024, the hacker group USDoD illegally obtained the unencrypted personal information of billions of individuals from the National Public Data. Earlier stories of this breach had the number of individuals’ records at 2.9 billion; however, after further research…