Social Security solvency
Concerned about Social Security? Don’t be!
If you pay attention at all to media accounts and armchair pundits, you are already aware that Social Security has a looming solvency issue, expected to come to a head in less than a decade. According to the Trustees of…
Employer Compensation Tax proposal
The Committee for a Responsible Federal Budget just released its analysis of the Trust Fund Solutions Initiative white paper, suggesting a new alternative by replacing the employer side of the payroll tax with a flat Employer Compensation Tax (ECT) on…
A shifting retirement landscape
The recently released Vanguard Retirement Outlook analysis found that “if all workers had access to a defined contribution plan, retirement readiness would rise to 61 percent.” However, the U.S. retirement system has undergone a structural shift where defined benefit plans…
Social Security Reform and Its Many Options
Most folks are keenly aware of the steadily eroding financial picture for Social Security. In fact, the media chatter about the benefit cut that could be expected absent congressional attention is causing alarm among both current and future beneficiaries. So…
What to expect from Social Security
The headlines about Social Security insolvency are scary to most Americans. According to a recent survey from NerdWallet, “36 percent of Americans under age 65 don’t think that Social Security will be available to them by the time they retire.”…
Retirees are over-relying on Social Security
Approximately 67 percent of seniors rely on Social Security for more than half of their income, with 27 percent entirely dependent on it for their financial needs. A recent survey echoes this statement. The survey results were not entirely surprising;…
Social Security Concerns Continue to Plague Future Retirees
Since the 2025 Social Security trustees’ report hit the airwaves a few months ago, quite a bit has been written about the program’s financial future. Not too much of it has been positive, for sure, and a recent survey from…
Social Security’s Insolvency…A “Warning” of Sorts
Former NBC “Today Show” financial editor Jean Chatzky offers commentary on Social Security’s projected insolvency, teaming up with Washington Post personal finance writer Michelle Singletary to describe the steadily developing train wreck facing America’s seniors in just a few years. The…
What is the biggest threat to your retirement
We are all aware that Social Security is facing an insolvency issue if Congress does not act by 2034. If no action is taken by lawmakers, then Social Security may have to cut benefits by 19 percent. But what if…
The difference between Social Security myths and reality
Social Security myths, such as the looming bankruptcy of the program, a full retirement age of 65, or benefits based solely on your last five years of earnings, persist and can cost you money. Dana George, writing for The Motley…