Social Security solvency
Retirement planning is not the government’s job–Dave Ramsey
American radio personality Dave Ramsey, in a post on nasdaq.com, presented three common myths that can influence those looking ahead to the financial side of retirement planning. Beginning with the belief that Social Security alone will allow for a comfortable…
Tax Foundation Weighs In on Medicare and Social Security Fair Share Act
Tax Foundation Senior Policy Analyst Garrett Watson’s detailed study of the proposed Medicare and Social Security Fair Share Act legislation introduced last year concluded that the measures “will not fully solve the entitlement crisis and will hurt economic growth.” In…
Senate Committee Examines America’s “Retirement Crisis”
The U.S. Senate Committee on Health, Education, Labor and Pensions, in a hearing yesterday morning, conducted an in-depth examination of retirement issues facing Americans today, receiving input from a slate of representatives from private and public organizations. In advance of…
A Retrospective of The Need for Social Security Reform Measures
In a post yesterday od Vettafi Advisor Perspectives, content contributor and retired actuary Ken Steiner offers an analysis of what has happened over the past 40 years regarding deterioration of Social Security’s financial situation, and provides conjecture on policy actions…
Bipartisan Fiscal Commission Proposal Gets a Nod from House Budget Committee
House Budget Committee Chair Jodey Arrington (R-TX) recently emphasized the importance of moving ahead with legislation to create a bipartisan fiscal commission to address long-term federal deficit reduction, citing the need to focus on all aspects of the country’s finances…
Eliminating Tax-preferred Retirement Savings–A Way to Address Insolvency?
A study published recently by The Center for Retirement Research has called into question the possibility of eliminating “retirement saving tax preferences on employer-sponsored plans” and diverting the increased income tax revenue directly into Social Security to help address the…
Hope for the Best; Plan for the Worst
According to a recent survey, 41% of older Americans believe that Social Security won’t exist in its current form for their entire retirement. Probably not an unusual statistic, considering the media attention lately given to Social Security looming financial issue.…
About Fixing Social Security’s Finances
More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…
A Complex Problem: Social Security Solvency
For over 8 decades, Social Security has been paying earned benefits on time, providing a crucial source of income for eligible Americans. A Social Security payment has never been missed since monthly payments began in 1940, and a payment has…
The One Social Security Metric that Doesn’t Change
Most Social Security “metrics” (the various factors which affect your monthly benefit amount and the SS payroll taxes you pay) change each year to account for inflation and changes to the national Average Wage Index (AWI). Inflation, obviously, has an…