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Iran, Oil Proces, and COLA…The Speculation is in Full Force
Even though we’re a long, long way from the mechanics of 2027’s Social Security cost-of-living adjustment calculation, the COLA watch has begun. For example, a post yesterday on msn.com trumpeted this headline, “Oil shock may spike 2027 Social Security boost,”…
Even millionaires fear this in retirement
Many retirees fear that they will outlive their retirement savings and investments. Even millionaires fear that they could possibly outline their savings according to the recent Northwestern Mutual Planning and Progress study. Shelby Fishman, writing for MarketWatch, reports on how…
Retirement on your own terms
The 2026 State of Retirement Planning Study by Fidelity Investments found that over 70 percent of participants are expecting to retire on their own terms in the future. A large number of the participants expect to transition into retirement instead…
The offset to COLA increases
Nearly 22 million seniors get by on Social Security alone. This makes the annual Social Security cost-of-living adjustment (COLA) a mechanism to ensure that Social Security benefits maintain their purchasing power in the face of inflation. The COLA for 2026…
Is Medicare Advantage the best option for you?
Medicare Advantage plans provide an alternative to Original Medicare. These plans often bundle Part D prescription drug coverage and may include additional benefits not covered by Original Medicare, such as dental, vision, hearing, or wellness programs. But are they the…
Some retirees won’t be able to take advantage of the new tax deduction
Are there taxes on Social Security benefits is the question that is asked all the time. The One Big Beautiful Bill Act introduced a new tax deduction for most retirees. However, there are certain eligibility requirements that you must meet…
The impact of higher oil prices on Social Security
If the current tensions continue, seniors may see a larger cost-of-living adjustment (COLA) in 2027. Why? If oil prices continue to rise due to the war, this may lead to an increase in overall inflation numbers. Since Energy costs are…
Updated forecast moves depletion date up a year
The Congressional Budget Office (CBO) reported in February that now Social Security’s Old-Age and Survivors Insurance Trust Fund—the primary fund that pays benefits to retired workers, their families, and some survivors of deceased workers—will be exhausted in 2032. It should…
Kick-the-can politics of Social Security insolvency
We are all aware of the looming Social Security insolvency issue, but why is it not front and center on every politician’s agenda? Because the Social Security program has become the third rail, those who raise the issue of what…
Are you checking your Social Security account?
As of February 2026, the Social Security Administration reports that over 75 million people in the United States are receiving Social Security, Supplemental Security Income (SSI), or both. With that scale of accounts, mistakes can or could happen, and those…