Latest News
Social Security’s Over/Under Problem Hits a New Level
According to a post by moneywise reporter Chris Clark on finance.yahoo.com, Social Security’s cumulative tally of erroneous payments recently hit a milestone: $1 billion. The problem of incorrect payments is not new. It has been discussed in many media articles…
Commissioner Weighs in on Social Security problems
In a post yesterday on newsweek.com, Social Security commissioner Martin O’Malley made a case fo prioritization of steps to ward off two major problems facing the program: the looming funding crisis and the evolving customer service crisis. Stressing that “…staffing…
Social Security and Illegal Immigrants…What’s the Real Story
Allegations of attempts to provide Social Security benefits for illegal immigrants have created a bit of a firestorm at times, as noted in a post today on Washington.com by Eric Ruark. In reality, it’s a bit of a misnomer since…
The National Public Data breach and (perhaps) a positive outcome
Information about the NPD breach and the 272 million Social Security numbers now exposed to hackers has peppered the airwaves incessantly this week, with many reports focusing on ways to see who’s affected and how to deal with it you…
“Fixing” Social Security–A quick recap of some of the ideas being advanced
Money.com’s Pete Grieve, in a post on nasdaq.com, provides a quick summary of five of the ideas currently circulating among various proposals to address Social Security’s looming insolvency problem. As Grieve points out, public sentiment for resolving the matter “sooner…
Another Scary Headline!
Reflecting on the “Latest News” article posted here Tuesday, we find another headline likely to cause concern among seniors until they read it. The article is titled “Seniors Losing Nearly $400 Each Month in Social Security: Report” and outlines a…
Project 2025 and Social Security Cuts…Not so, Says PBS News
If you’re tuned into the political news these days—and who isn’t—you’ve probably heard quite a few references to Project 2025, which is subheaded by the Presidential Transition Project. One of the more frequent assertions is that this document calls for…
Too Much Dependence on Social Security Could be a Problem
A post by The Motley Fool’s Katie Brockman highlights the results of a recent Gallup poll in which 60% of those surveyed indicate that their Social Security benefits are a major source of their retirement income. Further, nearly 905 of…
Scary Headlines that Create Social Security Angst
We’re still more than two months away from Halloween. Still, we’ve seen some media articles with headlines that, if not carefully read, tend to create apprehension in the minds of Social Security beneficiaries. For example, this headline from several days…
Is there a “Retirement Crisis?” Well, it probably depends on who you ask.
A recent survey published by Prudential Financial suggests that well over hLF–58%, to be exact–appear convinced that the U.S. is in the midst of a crisis of some sort. But, is that really the case, or is it just that…