Social Security solvency
Happy 89th birthday, Social Security
Happy 89th birthday, Social Security. On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities. Social Security…
Increasing the wage base to save Social Security
Policy experts are debating the many options to resolve the issue of Social Security insolvency. Some strategies to fix Social Security include raising the full retirement age, changing the cost-of-living measure, and means-testing for benefits, along with the many other…
Your taxes and Social Security
The Social Security Trust Fund will be insolvent within the next ten years, causing benefits to be cut by 23 percent unless Congress reforms the program. The current presidential candidates both say they will not touch the program; however, the…
The Election and Social Security
With the presidential election in just a few months Amanda Umpierrez for 401K Specialist takes a look at how much of an impact Social Security reform will have on voting. Looming insolvency is bringing this issue to the forefront of…
Social Security Systems Around the World
A comparison of retirement systems in different countries by Lou Carloza for Yahoo Finance. Read here… As our own program struggles with potential insolvency, it is interesting to note how other countries handle their retirement programs. As an example of…
A Social Security Reform Discussion
Suzanne Blake for Newsweek introduces the Social Security perspective of the new kid on the block, Tim Walz in this article. Read here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens…
How a Trump Victory could affect Social Security
There are many ideas out there for reforming Social Security. This article by Terence Loose for Go Banking Rates gives one perspective on the effect of a Republican win on the program. Read here… As an example of the leading…
Candidates Stand on Protecting Social Security
Candidates at the Republican National Convention this year made it a point of speaking on the importance of taking care of Social Security and Medicare. This could make a difference in how Senior Citizens vote this November as Gordon Lang…
Reforming Social Security
Social Security needs updates now to avoid a decrease in benefits for all beneficiaries in about 10 years. There are an abundance of ideas on how this should be accomplished. This Watchblog by the Government Accountability Office gives us a…
Commentary: Eliminate improper Medicare & Medicaid payments to save Social Security
Thomas M. Cassidy, a former senior investigator for the New York State Attorney General’s Medicaid Fraud Control Unit, suggests better management of Medicare and Medicaid to save Social Security from insolvency and across the board cuts in 2033. He notes…