Social Security solvency
What the five GOP candidates said about raising the retirement age
During the 3rd Republican candidates’ debate, the third rail of American politics – Social Security- was discussed. The difference in the approach of the five attending candidates in solving the Social Security and Medicare insolvency issue was on display. The…
It’s a crisis that could have been easily avoided
Americans know, as you should by now, that the Social Security Trust fund is in trouble. The trustees reported the combined funds will pay 100 percent of scheduled benefits until 2034. In 2034, total fund income will be sufficient to…
Three things you should know about Social Security
A day doesn’t go by without a doom and gloom article appearing on how the Social Security trust fund is going bankrupt. Yes, since 2021 the trust fund is being used to ensure full benefits and will be depleted in…
The American Academy of Actuaries are urging Congress to act now
The American Academy of Actuaries has issued a new brief urging Congress to act sooner than later to stop the automatic 20 percent cut to individuals already receiving Social Security benefits. They warned if Congress does not come up with…
Social Security benefits and what may happen in the worst-case scenario
You hear people talking about how Social Security will not be there for them when they retire, even when waiting in line for a table in a restaurant. It is good that people are talking about and aware of the…
Debunking the Rumor of Social Security’s Impending Demise
Mainstream media is consistent in many ways, with many of the more prevalent headlines suggesting that Social Security is destined to vaporize about a decade from now. Most folks who have paid attention understand the fallacy in this suggestion, but…
What Does Social Security Have to do with the House Speaker Fight?
Alex Gangitano, writing in The Hill, alludes to the fact that GOP Rep. Steve Scalise (R-LA), a leading contender to be House Speaker, supports setting up a bipartisan commission to address the national debt, including looking at the Social Security…
Halting Social Security From Clawing Back Overpayments Will Further Hurt its Finances
Social Security’s finances are in poor shape. That makes it important that the program do what it can to conserve funds and snag all the revenue it can get. One way it’s been trying to go about that is aggressively…
Save for retirement so you don’t have to worry
The Social Security Trustees announced the Social Security trust fund will only be able to pay about 80 percent of scheduled benefits starting in 2034. No wonder with headlines in the media that 59 percent of workers worry that Social…
Why Americans do not like these possible Social Security funding solutions
Yes, the Social Security Trust fund is in trouble; however, Social Security will not run out of money since current workers fund retiree beneficiaries. Although current workers pay into the program via payroll tax, the revenue will not be enough…