Latest News
Social Security succeeds as an anti-poverty program
Maurie Backman points out in this article that 15.3 million seniors live above the poverty line thanks to Social Security income. But he also notes today’s workers are often overly optimistic about the amount of income Social Security will replace,…
Social Security not going away despite its troubles
The oft cited 2018 Transamerica Center for Retirement Studies found 83 percent of Generation X workers and 80 percent of Millennials don’t think Social Security will be there for them in retirement. But, as Holly Peterson reports, this fear is overblown. …
Call it What You Will, But It’s Still an Income Tax …
… and a steadily increasing one, at that! We’re talking, of course, about the simple fact that many–make that most–Social Security beneficiaries pay federal income tax on their retirement benefits. As Nerdwallet’s Liz Weston points out, married couples with combined…
Shutdown Update: Social Security to Remain Unaffected (UPI)
Although the Social Security Administration’s official website–ssa.gov–does not contain any press releases or statements about the 2018 Government Shutdown, we did note that a post on www.upi.com contains the text: Many federal agencies and services, such as the U.S. Postal Service, the…
COLA 2020…A Long-Range Look Ahead
It might be a pointless exercise to gaze a year into the future, given the uncertainties swirling around the economy in h=general and the federal government in particular; nevertheless, The Motley Fool’s Sean Williams, in a post today on helenair.com, does…
Maybe the 116th Congress will Take On Retirement Savings Issues
Reporter Hazel Bradford, in a post on www.pionline.com, recaps what appears to be the loss of opportunity for expansion of retirement savings measures in the 115th Congress. Her post recaps some of the bills that “came close to passage,” and recaps the…
Here’s Help in Designing Your Retirement Plan
Building your retirement plan is a daunting task, for sure. And sometimes it appears so daunting that you don’t know where to start. Don’t despair…help is readily available from a number of sources. In this post on www.newsmax.com, three fundamental “starter”…
You Can Help Social Security Make a Difference
(Source – Social Security Administration) This holiday season is the perfect time to reflect on our less fortunate and most vulnerable citizens. Life is unpredictable, and everyone is susceptible to experiencing homelessness. It can happen to people in our community…
More on the On-Again/Off-Again Shutdown and Social Security
Yesterday, there were signs that the government shutdown could be averted. Today, it appears it’s back on the horizon. Either way, as the vacillation continues in Washington, many folks–especially Social Security beneficiaries–have questions about what will happen. This post by…
Don’t Have a 401k? Read on.
Many workers employed in small businesses or self-employed may not have access to 401k plans to accumulate tax-deferred savings for retirement. But don’t despair…there are options you can use to help you achieve your retirement financing goals. The Motley Fool’s Katie…