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Not knowing these three things could shrink your Social Security benefits
Social Security is a complex program with lots of rules; however, if you don’t educate yourself on how the program works, you could wind up reducing your benefits and potentially struggling financially as a result. The attached article reviews three…
7 Reasons Sen. Warren’s Social Security Plan Will Fail
Sean Williams of The Motley Fool takes aim at Sen. Elizabeth Warren’s (D-MA) plan to increase beneficiary payouts by $200 a month, or $2,400 a year. Her plan would also update a number of rules, and set minimum monthly benefits…
How To Increase Social Security Payments After You’ve Retired
There’s no magic bullet to boost Social Security benefits or secret stash of cash for folks despite on-line articles that suggest these things. Essentially the ways to maximize benefits are or should be well known. This piece by ABC news…
Best Advice for Financial Success
With Social Security on replacing about 40% of pre-retirement income and its long term financial health imperiled due to congressional inaction, saving money has never been more important. Katie Brockman reports on a survey from New York Life. The top…
5 Reasons to Retire as Early as You Can
With so many articles stating to delay Social Security and to work as long as possible, Selena Maranjian’s piece here from The Motley Fool provides a different viewpoint. For those who have saved fairly diligently, early retirement is possible. She…
Congressional Budget Office Update to Social Security spending
The Congressional Budget Office (CBO) has issued its annual update to its long-term projections on Social Security. Click The latest update to read the full 90 page PDF document or click here for the brief highlights posted by the National…
Scam continues and cost grows
According to the Federal Trade Commission, there have been close to 73,000 reports on the “Your Social Security number has been suspended” scam in the first six months of 2019, with $17 million in reported losses. Cody Miller writes the…
Underestimating Retirement Healthcare Costs a Dangerous Mistake
While Americans often over estimate the Social Security benefits they will one day receive, many under estimate what their health care expenditures will be. According to data cited by Nationwide, the average pre-retiree aged 50+ expects healthcare in retirement to…
Suburban mom loses $20,000 to Social Security scam
Contributor John Matarese tells the story of how a suburban mom was convinced in a phone call to withdraw $20,000 from her bank accounts and then purchase Target gift cards. The card numbers were then read to the caller over…
Rep. Ted Yoho says Social Security Disability reform needed now
Rep. Ted Yoho (R-FL) penned an op-ed in The Hill calling on Congress to tackle the solvency and efficiency of the Social Security Disability Insurance program (SSDI). Yoho calles the program flawed, as nearly 50% of the factors used in…