Social Security solvency
Setting the Record Straight on Social Security’s Mortality
One of the more prominent and durable myths about Social Security is the persistent proclamation of the program’s trajectory toward disappearance, with many pundits even setting a timeline for this death march. You’ve probably seen the headlines (e.g., “Social Security…
Social Security Reform…Between a Rock and a Hard Place?
Since the March 31 release of the 2023 Social Security Trustees Report, and actually for months and years before that, the news waves have been awash with commentary about what can, should, or is likely to be done to address…
A Generation-by-Generation Analysis of Beneficiaries’ Expectations
The drums are beating loudly these days on the issue of Social Security’s long-term financial future, with a steady stream of pundits weighing in on what’s likely to happen. But aside from the constant flow of articles posing suggestions for…
Some Contingency Planning Advice for Future Social Security Beneficiaries
If you’ve been watching the news, and especially the barrage of articles since the March 31 release of the 2023 Social Security Trustees Report, you probably are acquiring an understanding of the scope of Social Security’s financial troubles. One school…
For Millennials: Here’s What You Need to Know About the Social Security Solvency Dilemma
It’s getting a fair amount of publicity these days, and that’s expected to continue growing as the slow-moving train wreck head toward the point of insolvency–in less than a decade. The Millennial cohort–generally considered to encompass those born from the…
The Growing State of Apprehension About Retirement
In the midst of growing accounts of Social Security’s rapidly evolving reserve fund depletion, there’s a curious mindset developing with respect to how future retirees view their post-career financing picture. To be specific, Financial Advisor IQ’s Alex Padalka, in a…
The “When to File” Question and its Implications
In a post on myfederalretirement.com, Certified Financial Planner Edward A. Zurndorfer provides detailed assessment of the key factors associated with the “when to file” question. Although his post is offered for the benefit of federal employees, the explanations and parameters…
Skepticism is Building With Respect to Social Security’s Future
A study conducted recently by annuity and life insurance products provider PlanGap reports that 70% of the participants in their 2023 Social Security Confidence Survey are not confident in the federal government’s ability right the Social Security ship in time…
An Argument Against Privatization of Social Security
Social Security is in trouble…no doubt about that. In fact, we’re now less than a decade from the program reaching its point of insolvency–the point at which all accumulated reserves are fully depleted. These reserves, which had reached a high…
Is a “Commission to Address” Social Security’s Solvency Problem About to be Created?
In the midst of confusion and expected inaction on Social Security’s long-term solvency problem, it’s rumored that debt ceiling discussions have prompted consideration of “… a bipartisan commission to address the long-term solvency…” of Social Security. In a post on…