Latest News
Plan for Your Future with a my Social Security Account Today!
(Source: Social Security Administration) With the addition of the new Retirement Calculator feature to my Social Security, there’s never been a better time to open or access your my Social Security account! The new my Social Security Retirement Calculator gives you confidence in your retirement decisions: Continue reading → …
The Importance of Annual Financial Check-ups for Retirement Planning
Your annual physical examination is important to your health. You know that. But do you know that an annual check-up on your financial health is also important, particularly with respect to your plans for retirement. The Motley Fool’s Katie Brockman offers…
Social Security Administration Announces Expanded Disability Fraud Effort
The Social Security Administration’s Office of the Inspector General (OIG) recently announced expansion of its Cooperative Disability Investigations (CDI) Program. This program, a cooperative venture of Social Security and its OIG, State Disability Determination Services (DDS), and local law enforcement agencies now…
Taxation of Social Security Benefits
It often comes as a surprise to newly-minted Social Security beneficiaries, but that monthly stipend can be subject to federal income tax. In a post on www.cincinnati.com, reporters Nathan Bachrach and Amy Wagner explain how this can occur and your options for…
An Upside to the 1.6% COLA Bump
There’s been quite a bit of negative commentary about the 2020 drop-off in COLA, much of it focused on the increase’s inability to keep up with the growth in costs seniors face. While that criticism is probably true and justified,…
UBI vs. Social Security Expansion–A Debatable Issue
Last night’s Democratic candidate debate pitted the Universal Basic Income (UBI) concept against the merits of expanding Social Security to facilitate retirement planning. The Verge’s Makena Kelly. in a post on their website, cited what appears to be growing interest in…
Questions About Aging Seem Generally Absent from Democratic Debates
If you’ve been following the series of debates held by Democratic presidential candidates, you probably noticed the absence of questions (and, more importantly, answers) about aging issues. And most specifically, about how the financial crisis facing Social Security should be…
Addressing The Windfall Elimination Provision (WEP) and Its Impact on Affected Workers
Quite a bit has been written about “The Windfall Elimination Provision” (WEP) enacted decades ago in an effort to level the playing field concerning private- and public-sector employment pensions. In fact, the 116th Congress currently has two bills active to…
Retirement Savings–Avoiding Common Pitfalls
Saving for those retirement years is not a simple process, and there are several mistakes that are fairly easy to make. The consequences of missteps in the saving process can be severe, as explained in this fool.com post by Kailey Hagen.…
Millennials and Their Role in Saving Social Security…An Opinion
Citing “incredibly economically impactful things” that the population segment referred to as “millennials” will unleash in the years ahead, Bill Smead of Smead Capital Management suggests in a post on forextv.com that the Social Security funding problem will be corrected through…