Social Security solvency
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…
Supreme Court hands White House a victory
In a majority opinion, with its liberal justices dissenting, The Supreme Court ruled that President Trump’s signature “DOGE” (Department of Government Efficiency) can have access to sensitive Social Security records. Although opponents feared that unfettered access to the records might…
Stop pretending that nothing is happening to Social Security
How important is Social Security to the American seniors? According to a recent survey from The Senior Citizens League, “67 percent of seniors said they rely on Social Security for more than half their income.” Among Social Security beneficiaries age…
Ask Rusty – Social Security Questions Asked Over Coffee
Dear Rusty: My coffee conversations with a group of friends have resulted in several questions about Social Security: What happens to the Social Security account of someone who dies before retirement age. What happens to that money and where does…
Potential Social Security Cuts
An ideal retirement is having enough money to live comfortably. Many depend on Social Security and have little to nothing else in income. As we edge closer to the Social Security Trust Fund becoming insolvent many are becoming concerned about…
It’s Social Security’s 90th year, Lets Look at some Data
Few government programs touch as many people as Social Security. A 2024 Pew Research Center survey found that 79% if U.S. adults said Social Security benefits should not be touched. This is a view shared by a wide range of…
Will Social Security Taxes Increase?
With the prospect of the Social Security Trust Fund running out of funds by 2035 some are concerned about a Social Security Tax Increase. There are several options to be considered to keep Social Security solvent and raising the tax…
Experts Weigh in on the State of Social Security
Social Security is not going away. However, if no changes are made, the combined Old Age , Survivors, and Disability trust funds are projected to be depleted by 2035. This is expected to n ecessitate a 20 - 25% decrease…
What Happened to the removal of federal taxes on Social Security benefits?
The budget plan now under consideration in Congress gives an increased tax deduction of $4000.00 to seniors, but does not remove taxes. Considering the current state of Social Security solvency, it would not be a financially sound decision to take…
The “Big, Beautiful Tax Bill” still needs some attention!
The House Ways & Means Committee has published it’s “one big beautiful bill” to provide government spending in the next fiscal year. And that bill does, in fact, have some very positive aspects, most notably extending the expiring 2017 tax…