Social Security solvency
A Primer on Social Security’s Problems & A Solution
What’s all this talk about Social Security’s problems all of a sudden? Why not just leave the program alone? Is Social Security going bankrupt? So what can be done? Are there pros and cons to each? Why not just raise…
New COLA calculation bill in Congress
Erin Bendig of Kiplinger explains a new bill in Congress that could result in a change to Social Security cost of living adjustments (COLAs) that could benefit retirees. The Boosting Benefits and COLAs for Seniors Act, proposed by Rep. Ruben Gallego (D-AZ) and Sen. Bob Casey (D-PA),…
The election & Social Security’s future
Lorie Konish of CNBC says Social Security is on the ballot this fall. She explains the various bills in Congress on both sides of the aisle. Democrats are championing tax increases and Republicans have suggested raising the retirement age over…
Potential changes may call for a reassessment of Americans retirement plans.
Some things that may affect retirement plans are an increase in the cost of living and the government making changes to Social Security. A significant majority of workers expect Social Security to be a major source of retirement income. Other…
Taxing-the-Wealthy Theme Highlighted Via Survey
As we’ve been suggesting for several months, legislative interest in addressing Social Security’s steadily unraveling financial picture appears to be heating up. That’s understandable, with the clock ticking louder and louder as the 2033 point of trust fund insolvency moves…
A Quick Refresher on Social Security Solvency…and Steps You Should Consider
WDIO’s Grace Koppen hosts a brief discussion on the much-reported Social Security insolvency issue, featuring commentary from Barry Bigelow (Great Waters Financial) clarifying what to expect as the calendar moves toward the projected depletion of the program’s financial reserves. The…
Social Security’s Looming Insolvency…deja vu all over again?
Although he claimed he never said most of the things he said, baseball legend Yogi Bera is remembered by many for his utterance, “It’s deja vu all over again!” That phrase seems to be popping up frequently these days in…
Understanding The U.S. National Debt and It’s Future Implications
Daily Hampshire Gazette columnist Richard Fein, in a post yesterday on their website, provided a summary analysis of the U.S. National Debt and its implications for the future. Citing the potential for problems in arranging future debt service, coupled with…
A Perspective on Social Security’s Looming Insolvency
We’re well inside of a decade until Social Security’s accumulated reserves disappear completely. The nearly $2.9 trillion financial cushion that has been dissipating steadily for the past two years is expected to evaporate completely by 2033–and some project that point…
Working during retirement – an increasing trend
“Back in the old days,” as some would say, you worked many years in your career, and then retired to your so-called “golden years” of leisure, collecting your pension and your Social Security benefits. Well, the “old days” are no…