Latest News
A Grim Look at Social Security’s Future
Much has been written and said about the future of our country’s Social Security system, and quite a bit it takes on a negative tone. A post by Investopedia’s Ashley Eneriz continues this tone, focusing on the steady depletion of…
A Social Security “Magic Number” to be Aware of
The debate on when to retire usually focuses on the range of ages from 62 to 70, with many pundits offering suggestions on the pros and cons of either end of this spectrum. But there’s another number that is at…
A Different View of the Potential 2023 COLA
The cost-of-living-adjustment projections are beginning to hit the media more rapidly these days, now that we’re into the actual year-over-year measurement period. Some pundits are throwing out 10 percent plus estimates, while many seem to hover around the 8% to…
Don’t Count on Your Projected Benefit Equaling What’s Shown on Your Statement
In many cases, the actual benefit that shows up in one’s monthly Social Security benefit payment can differ from what was expected or as shown on your statement from SSA. How can that be? An article posted by Certified Financial…
Paying Income Tax on Social Security Benefits–An Enduring (and Increasing) Impact on Seniors
The Motley Fool’s Christy Bieber, in a post on their website, examines the 2023 changes in store for Social Security beneficiaries, from the cost-of-living adjustment (COLA) to the increase in earnings limits for those receiving benefits before their full retirement…
Considering early retirement? Here are some pros and some cons.
Maybe it’s something that helps get you through the day, and if you’re having a particularly bad day, it becomes top of mind at least for a while. We’re talking about the thought of early retirement. The dream of walking…
Exploring the Social Security “Bankruptcy” Myth
It’s like the itch that just won’t stop itching, or the song lyric you just can’t get out of your subconscious mind. It’s something you just keep hearing over and over, usually in the context of “the sky is falling”…
Social Security Increase Likely Next Year
If you were to believe the headlines, those on Social Security are poised to get the highest Cost of Living Adjustment (COLA) in about 40 years, with some pundits suggesting over 11%. That, of course, is based on the currently…
The survey says: Most Don’t Understand Social Security
Mass Mutual (an insurance provider) conducts an annual survey and quiz which tests the Social Security knowledge of survey participants. The most recent quiz tested 1,500 individuals in the key demographic age 55 to 65 who had not yet claimed…
Beginner’s Guide to Social Security
In this highly insightful article, the Executive Director of the AMAC Foundation explains that retirement is very much a journey, not just a destination. Social Security was intentionally designed to represent only a portion of your retirement income (40% at…