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Nuances of Social Security’s Benefit Computation Process
The mathematical rules associated with determining initial monthly Social Security benefits are often subject to informal discussion, with many “experts” weighing in on how it really works. Some say it’s based on the most recent five years of work, some…
Social Security Numbers: A Key to Protecting Children from Scams
The root of the problem, when it comes to protecting young people from fraudsters and scammers, is education, pure and simple. With the Internet Crime Complaint Center reporting more than 18,000 victims under the age of 20 and losses totaling…
Perspective on Social Security Trustees Report
Martha Shedden, President of RSSA, an organization that educates and certifies Social Security advisors says Social Security reserves are being affected by increased health care costs and the legislation called the Social Security Fairness Act. EINPresswire.com reports here… As an…
Considering Privatization of Social Security
The privatization of Social Security is a controversial policy idea that involves shifting part or all of the U.S. Social Security system from a government-managed program to one where individuals manage their own retirement savings through private investment accounts. Dana…
Medicaid enrollees who are ages 50 and older
On May 22, the House passed a budget reconciliation bill that includes significant changes to the Medicaid program designed to reduce federal spending and enrollment. On June 16, the Senate Finance Committee released language that could result in more substantial…
No more Paper Checks from Social Security
As of September 2025 Social Security will no longer issue paper checks for payments. The transition will help protect Seniors from mail theft and fraud involving paper checks. Aliss Higham for US News explains here… Notice: The link provided above connects…
Why the Big Beautiful Bill did not eliminate taxes on Social Security
The Big Beautiful Bill—a nickname often used by President Donald Trump to refer to legislation he champions—did not eliminate Social Security taxes due to the Byrd rule. The Byrd Rule is a Senate rule that limits what can be included…
2025 Medicare Trustees report
The Medicare and Social Security Trustees released their latest report on June 18, 2025. The Medicare Trustees project that the Medicare Hospital Insurance (HI) trust fund will become insolvent in 2033; upon insolvency, spending will be cut by 11 percent,…
Fraud Warning from Social Security
Beware of fraud emails that resemble a legitimate government email giving you a link to download your Social Security statement. This email is an attempt to gain your personal information. WGCU Staff explains here… Notice: The link provided above connects readers…
2026 Social Security Changes
Social Security has been around for 90 years. While the basic premise remains, some figures change each year. For example, there is almost always a Cost of Living Adjustment (COLA). Other changes include the maximum monthly benefit, wage cap and…