Latest News
New Commissioner Takes Control of Social Security Administration
Coincident with the controversial firing of Commissioner Andrew Saul, President Biden appointed Kilolo Kijakazi as Acting Commissioner of the Social Security Administration (SSA). The move, of course, elicited predictable praise from Democrats and substantial criticism from Republicans, but who is this previously obscure…
Medicare Issue? Here’s Who to Contact
Although the Social Security Administration provides some administrative services on behalf of Medicare, it’s important to understand that Social Security and Medicare are two entirely separate programs. Because of this administrative link, however, it’s hard to know which agency to…
A Corporate Bogey – Delayed Retirement
The new reality in the corporate world is that employees are now often delaying their retirement plans. This new phenomenon, partly resulting from longer life expectancies and generally better health while aging, creates an interesting dilemma for corporate executives – added employee expense.…
Financial Advisors and Social Security Advice
In this interesting Forbes piece by David Rae, himself a Certified Financial Planner, the financial community is taken to task for not offering clients sound advice on Social Security matters. Based on a study revealing that the COVID-19 pandemic has induced severe…
Some Social Security Things Change Annually
Social Security’s rules can only change as a result of Congressional action, but there are certain elements of the program which automatically change as a result of inflation or average national wage growth. In other words, the rules don’t actually…
The Social Security Trustee’s Annual Report – Habitually Late
Although the Social Security Act requires that Trustees of Social Security provide a report on the program’s health annually by April 1st, the last time the report was issued on time was in 2008. Here we are in July of…
Things You Should Know About Social Security
Flying in the face of a previous study showing that a majority of millennials believe they are very knowledgeable about their future Social Security options, a more recent Harris poll contradicts that notion. The newer poll released by the Nationwide Retirement Institute…
Delaying Your Social Security Claim Will Increase Your Benefit for Life
Most financial advisors agree – delaying your claim for Social Security benefits is a smart move which will make your retirement a lot more comfortable. Unfortunately, there are still many misconceptions about how delaying your claim for SS benefits actually…
How to pick a Medigap plan that’s right for you
If you have about to turn age 65, you are receiving confusing literature on your Medicare choices. One choice you are eligible for is a Medicare supplement insurance, also known as a Medigap plan. Medigap plans are regulated by the…
Don’t be ill-informed about Social Security
The Social Security Administration reports that among elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. So, it is vital to…