Social Security solvency
How Taxes fit into Social Security’s Financial Future
Unless you were sleeping (or perhaps out of the country) since the last Presidential election, you’ve likely heard a lot about President Trump’s desire to change how income taxes are levied on Social Security benefits. Repealing taxes on Social Security…
Increase anxiety and concern about Social Security
A recent poll by The Associated Press-NORC Center for Public Affairs Research found that 30 percent of individuals aged 60 and up said they were not confident about the availability of Social Security benefits. A similar poll conducted in 2023…
How Social Security fits into your retirement plans
This year, many federal employees will be retiring or will be facing downsizing. It is important for them, and other individuals, to reevaluate their retirement plans and understand how Social Security benefits fit into them. Tammy Flanagan, Retirement Counseling and…
A plea for legislators for solve to Social Security’s financial problems.
It’s not just the old folks who are expressing their concerns over Social Security’s steadily–and rapidly–deteriorating financial condition. An article appearing today in The Fordham Ram, Fordham University’s student-run newspaper, offers an insightful opinion piece by student and contributing writer…
Confidence in Retirement Planning Holding Steady…But Social Security Concerns Rising
Based on the results of the 35th annual Retirement Confidence Survey (RCS), conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research, it appears that Americans ages 25 or older continue to feel confident about financial success in retirement.…
No, the end of Social Security is not foreseen…but there is rough water ahead.
A literary comment often attributed to Mark Twain pretty much sums up the theme of many media articles about Social Security. You’ve probably heard it: “The report of my death was an exaggeration.” So goes the popular notion that Social…
How Proposed Changes to Social Security could affect Insolvency Date
President Trump wants to eliminate taxes on Social Security benefits, overtime pay and tips. The downside of this change is that the Social Security trust fund would run out of money three years earlier than originally projected. Trevor Jennewine for…
Should Social Security look more like Australia’s Retirement Plan?
There are numerous ideas circulating about reforming Social Security. BlackRock CEO Larry Fink suggests examining how Australia approaches it. Employers contribute 11.5% of each employee’s salary to their “superannuation” account. Employees have the option to contribute. Employees decide how their…
Removing Social Security from Taxable Income could Affect Insolvency Date
The Social Security Trust Fund is due to run dry in the mid-2030s. This situation has already been exacerbated by the passage of the Fairness Act in January 2025, which moved the insolvency date up six months. President Trump would…
Modernizing Social Security Now will Safeguard it for Present and Future Retirees
There’s a lot of ranting about recent changes to Social Security. Some fail to realize that leaving it alone to continue on as is will be devastating to millions as the trust fund runs dry in the mid 2030’s. Working…