Social Security solvency
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…
About Increasing Social Security’s Full Retirement Age
With Trust Fund depletion looming on Social Security’s financial horizon, there is no shortage of ideas for resolving the program’s financial woes to avoid a potential across-the-board cut in everyone’s benefit in less than a decade. Included in most discussions…
Is Social Security “Broke Beyond Belief?”
According to a self-described “retirement planning evangelist” the American Social Security program is “broke beyond belief” and may not be able to pay full benefits as soon as 2034. That, of course, is a rather harsh, yet understandable, description of…
Time is Ticking for Social Security
As insolvency looms closer every day, millions of Americans may face a cut to the income foundational to their retirement plan. A number of proposals for a solution are floating about but none seem to be making an impact on…
Medicare and Social Security: Is time running out?
We have all heard about the trust fund running out of money in approximately 10 years. Here are numbers as reported by Adam Andrzejewski at RealClearInvestigations. Read the article here…
A Quick Recap of What Candidates Biden and Trump Say About Social Security
Most recently, the Biden and Trump presidential campaigns appear to be marching in step concerning their plans for addressing Social Security’s financial problems. Simply put, both have advocated for a “hands-off” approach, although both have also vowed to “protect” the…
Campaign Update: Knives Getting Sharpened on Social Security Rhetoric
It’s something that the public–especially the voting public–is likely getting accustomed to, since we’re moving deeper into the presidential election cycle. But earlier this month reelection candidate Donald Trump saw his CNBC Squawk Box program generate intense blowback from a…
Unpacking the Effect of a Change in Retirement Age
As noted in the last two days’ Headline posts on this site, the rhetoric is building on the subject of changing the Social Security full retirement age as part of the strategy to avoid the program’s projected payment shortfalls. It’s…
Adjusting the Retirement Age: Extreme or Sensible? One viewpoint.
The debate over how best to address Social Security’s looming catastrophe is raging again. No surprise there, since it’s a presidential election year and that means pretty much any specific suggestion to address the problem acquires polar opposite viewpoints. A…