Another Warning on the Use of Debt to Address Insolvency

Social Security’s looming insolvency is causing a stir in Washington, with Congress beginning to wake up to what could happen in about six years. Of course, as everyone knows, the recent news of an accelerated insolvency date is not “news”…

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Social Security Benefits and Income Taxes–An Indepth Explanation

At this point, it’s pretty well understood that the 2025 “One Big Beautiful Bill Act” provided a “bonus” income tax deduction intended to offset (for most seniors) the impact of federal income tax levied on Social Security benefits. It’s also…

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Survey: Retirement Benefits and Worker Retention Linked

It’s no secret that traditional defined benefit plans are largely a thing of the past and that individual wealth-building poses significant challenges for many future retirees. With this as a backdrop, it’s no wonder that the results of a Prudential…

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On Insolvency: “Take it seriously, but don’t panic”

As we’ve noted repeatedly on this website, Social Security’s impending insolvency is now a mere six years away. This reality is no new revelation, since the problem has been on Congress’s radar since the late 1980s. It’s just that with…

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Dealing With Social Security’s Insolvency

A Pathway for Congress to Act? After decades of procrastination on what is now looming as a financial catastrophe for millions of vulnerable Americans, Capitol Hill appears to be awakening to Social Security’s financial crisis and the critical need for…

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“Ask Rusty – Will Social Security Run Out of Money Soon?”

Dear Rusty: I’m concerned about Social Security running out of funding, since I rely on it for my income and I’m at an age where my having to go back to work is not an option I can consider. The…

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