Latest News
New Proposal Raises Retirement Age
The Brookings Institution released a proposal for Social Security reform that includes raising the Full Retirement Age for high earners and taxing all Social Security benefits with adjusted gross incomes above $100,000 for individuals and $125,000 for couples. Melanie Waddell…
Working on the Budget
Congress is putting together a budget. Of course, there is disagreement on some of the items in the budget. According to this article by Tim for VB Vermont republicans have rejected amendments that would protect affordable health insurance and Social…
Retirement Crisis in America
If you are relying on Social Security alone for your retirement income you will be living below the poverty level. People are living longer and our retirement system is outdated. Jeannine Mancini for Benzinga explains here… The link provided above connects…
2026 COLA Prediction – Already !
Every year the inflation rate is analyzed to calculate the next year’s Cost of Living Adjustment (COLA) to Social Security benefits. It is only February, but the Senior Citizens League has analyzed the projected numbers and come up with a…
Important Information for those Living Outside the U.S.
Are you living outside the U.S. and collecting Social Security benefits? Lately som U.S Embassy websites have sent out warnings about possible suspension of benefits. This applies to those whose address on record is outside of the country. A suspension…
Turmoil in the privatized version of Medicare
Humana, Inc., has reported $1.2 billion in 2024 profits, which included a $693 million fourth-quarter loss as the health insurer exits unprofitable Medicare Advantage markets for 2025. However, Humana is not alone. CVS and Centene have also warned that they…
Trump’s Plan to Eliminate Federal Tax on Social Security
President Trump has stated he wants to eliminate federal tax on Social Security benefits. Robert Thomas, Senior Editor for Newsweek explains why that may not be a good decision in the long term. Although it sounds great to give tax…
Do you have a Backup Retirement Plan?
Social Security is getting closer to a point of insolvency. This is not the first time it has been in trouble and the government has always managed to tweak it and make it work. Just in case that doesn’t happen…
What to Know about Social Security Spousal Benefits
For married couples spouse benefits can be an important part of their Social Security benefits, especially if there is a huge disparity in their incomes. For example, if one spouse is a lower earner because of taking time off to…
3 Factors to take into Consideration when Deciding to take Social Security Benefits
As long as you have the required minimum 40 Social Security credits you can take your benefits anytime between age 62 and age 70. More people are waiting until 70, but Kailey Hagen for The Motley Fool explains some reasons…