seniors
What unretired workers need to know about Social Security
Are you part of the new “unretire” trend among older workers? According to the New School’s Schwartz Center for Economic Policy Analysis, 2.9 million workers between the ages of 55 and 70 have retired due to the pandemic. Following the…
Updated forecast moves depletion date up a year
The Congressional Budget Office (CBO) reported in February that now Social Security’s Old-Age and Survivors Insurance Trust Fund—the primary fund that pays benefits to retired workers, their families, and some survivors of deceased workers—will be exhausted in 2032. It should…
Kick-the-can politics of Social Security insolvency
We are all aware of the looming Social Security insolvency issue, but why is it not front and center on every politician’s agenda? Because the Social Security program has become the third rail, those who raise the issue of what…
Medicare to provide broader drug coverage in April
As of 2025, approximately 68.9 million Americans are enrolled in Medicare. Medicare continues to serve as the primary health insurance program for older adults and certain younger individuals with disabilities in the U.S. Medicare is not a static program; it…
Saving “just a little more” before leaving work permanently.
To retire comfortably, many Americans believe they need over $1 million in savings. What if you had $2 million? Would you retire immediately, or is the fear of running out of money holding you back? Vishesh Raisinghani, writing for Yahoo!…
The tax savings now could lead to greater costs later
In the 2025 Social Security Trustees report, the Old-Age and Survivors Insurance (OASI) Trust Fund (Social Security) will be able to pay 100 percent of total scheduled benefits until 2033; however, according to a projection from the Congressional Budget Office…
Blind spots for new retirees to avoid
So, you pull the trigger and announce your retirement; congratulations! Before you begin this new phase of your life, it’s essential to be aware of some potential problems, or what I would call blind spots, for new retirees to avoid.…
It’s possible to get a $124,000 from Social Security
The estimated average Social Security benefit for a married couple in 2026 is about $3,208 per month, or approximately $38,500 annually. Individual benefit amounts can vary based on several factors. For example, Matt Frankel, CFP, writing for The Motley Fool,…
Is 62 the best age to claim Social Security?
You may be eligible to collect Social Security as early as 62; however, your benefit will be permanently reduced. But waiting until age 70 yields greater benefits for most people. Even with the promise of more money, why do only…
Social Security Changes Aimed at Reducing Fraud
There have been many articles published about a recent announcement by the Social Security Administration requiring certain people to provide in-person proof of their identity. Many of the public media accounts have been misleading or confusing, sometimes written with a…