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Economic Insecurity and Retirement–A Looming Problem for Many
Longer lifespans and a deteriorating financial picture on the Social Security front present a very real financial concern for seniors, according to a post by GoBankingRates contributor Sean Fisher on their website. Despite the negativity around insufficuent savings and the…
Misunderstanding of Social Security’s Funding Underscored in Op-Ed
An article posted on the Bossier Press-Tribune suggests that a comment made by a member of Congress illustrates a fundamental misunderstanding of how Social Security is funded, and goes on to stress the importance of prioritizing an approach to dealing…
2024 May be the Year for You to Begin Social Security Benefits If…
The Motley Fool’s Kailey Hagen provides three separate reasons why a qualified Social Security beneficiary should take the leap and claim their earned benefits in 2024. The reasons deal with expected longevity, financial needs, and the age of the beneficiary.…
SSA Reports Uptick in Customer Experience Ratings
Citing a 3.3-point increase in Social Security’s ranking in the most recent Forrester’s 2023 Customer Experience Index, a spokesman for the agency notes that efforts to provide increased access to programs and services have paid off. A post on The…
FICA Taxes Explained
Even though it’s the basis for one’s eventual Social Security benefits– retirement benefits, spousal benefits, survivor benefits, disability benefits, and so on–there are a few points relative to Federal Insurance Contributions Act (FICA) taxes that many folks do not fully understand.…
That Nagging Question: What’s the Best Time to Begin Benefits?
It’s perhaps one of the most vexing questions facing anyone approaching Social Security eligibility…when should I take the plunge and begin my benefit? And there are many viewpoints floating on the airwaves, from filing early and getting the benefit of…
H.R. 5779 – Fiscal Commission Act
A Plea for Understanding the Commission’s Mission Four key proponents of a bipartisan, bicameral fiscal commission within Congress to identify and report on policy recommendations to improve the long-term fiscal condition of the federal government recently issued an op-ed piece intended…
Medicare Advantage vs. “Original Medicare?”
Medicare Advantage is, essentially, private healthcare coverage which replaces “original Medicare” and, due to very aggressive marketing in recent years, Medicare Advantage plans now provide a majority of healthcare services to American seniors. The alternative to Medicare Advantage is, of…
Times are tough!! Take Advantage of these Savings Tips
Times are, indeed, tough for many Americans, with inflation still inexorably nudging the price of everything we buy even further up. But, there are still opportunities out there to save – as explained in this Yahoo! Finance article by Andrew…
Will the Annual COLA Increase Ever Be Enough?
All Social Security recipients received a historically high 8.7% Cost of Living Adjustment (COLA) for 2023, yet a recent survey found that over half felt that wasn’t enough. And this year’s 3.2% COLA will likely receive the same reception from…