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Correlating Retirement Ages and Social Security Claiming Ages
Retiring, defined as stepping away from the workforce, and filing for Social Security benefits, defined as laying claim to the benefits earned while a part of the workforce, are two separate milestones in the financial picture for older Americans. They…
Still Another Opposing Comment on the WEP-GPO Repeal Effort
Today’s headline article on the march toward a Senate vote on S. 597 (Social Security Fairness Act) presents viewpoints opposite from most of the supporting articles carried on the airwaves over the past several months. That’s to be expected since…
Changes to Accessing SSA In-Person Services
From the Social Security Administration We are expanding appointment-based services at our local Social Security offices. By scheduling appointments, we aim to reduce wait times, streamline service delivery, and improve customer experience. Nearly 400 local offices have already moved to…
“Unretiring” Is Becoming a Growing Trend for Seniors
Whether it’s a lack of finances or a remedy for boredom, statistics show that more and more retirees are electing to return to the workforce. In 2022, for example, Indeed Hiring Lab reported that millions of retirees had returned to…
An Amusing Review of Social Security Teminology Issues
As a 32-year veteran of Social Security work, and as the writer of many public documents on behalf of Social Security’s policy matters, Tom Margenau is someone we frequently repost on this website. His insights are not only accurate, but…
An Insolvency Reminder–The Clock Continues to Wind Down
Anyone following Social Security-related news this year and for the past several years is well aware of the program’s steadily declining financial situation. More and more folks are waking up to the possibility of legislative inattention to the problem and…
Medicare costs are going up next year
Like most things, Medicare costs are going up next year. Medicare Part A and Part B deductibles will increase, along with Part B premiums. In 2025, Medicare placed a cap on out-of-pocket prescription drug costs. What other changes are taking…
Social Security in 2025
The only thing constant is change, and that holds for Social Security. In Social Security’s almost 90-year history (August 14, 1935), many things have changed, and next year will be no different. Starting in January, there will be five changes…
Appointments Growing (and Lines Shrinking) for Social Security Cards and Other Services
In recent years, some Social Security offices saw lines getting longer, in some cases lasting hours. In 2024, we started to tackle this, renewing our commitment to better customer experiences. Continue reading here… Notice: The link provided above connects readers to the…
Does the 4% rule still hold true?
Developed by financial planner William Bengen in 1994, the 4 percent rule is a widely accepted guideline for determining how much a retiree can withdraw from their retirement savings each year without running out of money. But does this still…