Latest News
Social Security: Working 35 Years is Key
Several factors affect the amount of your Social Security benefits, but chief among them is 35 years (or more) of work history. Typically, the longer you work, the more earning potential you have. The other major factor in calculating your Social…
Study: Retirement Savings Took a Beating in 2022
Breck Dumas reports that historically high inflation forced 25% of Americans to slash their retirement savings and a full 12% to quit saving entirely over the last year. That finding was in The TIAA Institute and George Washington University’s Global Financial…
Create a Backup Plan to Social Security
For those not yet collecting Social Security benefits, it is likely best not to be overly dependent on what your expected benefit is slated to be. Maurie Backman explains that 20% or greater cuts are due to occur in about…
POLL: Woke ideology vs. Social Security Cuts
Erin Doherty of Axios reports on results of a new Wall Street Journal poll out today showing that fighting “woke” ideology in schools and businesses is more important to most Republican primary voters than protecting Medicare and Social Security from cuts. It’s interesting…
The Bidens’ Social Security Take in 2022
The president and first lady file a joint federal tax return, so any individual earnings on Social Security aren’t easy to extract from the public filing of their 1040 form for 2022. Sean Williams looks at the return and puts…
Are the Perils of “Wokeness” Overshadowing Concerns for Social Security?
Good question. A poll of Republican primary voters conducted by Wall Street Journal during the week of April 11-17, 2023 suggests that might be the case, with more than half of the participants suggesting that “Fighting woke ideology in our…
A Generation-by-Generation Analysis of Beneficiaries’ Expectations
The drums are beating loudly these days on the issue of Social Security’s long-term financial future, with a steady stream of pundits weighing in on what’s likely to happen. But aside from the constant flow of articles posing suggestions for…
Some Contingency Planning Advice for Future Social Security Beneficiaries
If you’ve been watching the news, and especially the barrage of articles since the March 31 release of the 2023 Social Security Trustees Report, you probably are acquiring an understanding of the scope of Social Security’s financial troubles. One school…
Peterson Foundation: Sidestepping Social Security & Medicare Reform “Not an Option”
New York City-based Peter G. Peterson Foundation recently issued a statement addressing views on the debt ceiling proposals emerging from House Republican leadership and the bipartisan Problem Solvers Caucus. While citing encourgagement that the proposals offer “… fiscal reforms that…
Retirement Goals and Reality–A Grim Picture for Many
A significant slice of the Baby Boom Generation is way behind the curve in terms of saving for retirement, according to a newly-released study from Credit Karma. The financial services firm reports that, according to its survey, “… (a)bout 27%…