Social Security Trustees

What if Social Security runs out of money?

The Social Security Trustees report is an annual report that provides information about the current and projected financial status of the Social Security and Medicare trust funds. The latest annual report shows the Trust Fund will run out of money…

Social Security’s Problematic Trifecta

Let’s start with an understatement: the COVID-19 pandemic is wreaking havoc on the nation’s economy. The projections dealing with unemployment, corporate earnings, small business continuity, etc. are horrendous, both short-term and long-term. We see alerts every day telling us how…

A Beyond-the-Obvious Look at Social Security’s Problems

Yes, the baby boomers who contributed so much to the funding of Social Security over the years are retiring, and that brings with it a two-fold impact: fewer workers paying FICA tax, and more retirees drawing benefits. In addition, we…

Social Security Trustees – who is overseeing this important program?

This year’s Social Security and Medicare reports found both programs in deteriorating health.  The insolvency date for Medicare is 2026 and 2034 for Social Security.  But in 2018, for the first time in 36 years, Social Security’s expenditures will exceed its annual income,…

The Saga of Social Security’s Worsening Outlook

Brenton Smith, in a post on  www.marketwatch.com, takes an in-depth look at the Social Security solvency dilemma, calling to question the premise that all looks well through 2034. Smith’s article describes what he terms “a serious misconception about the data provided…

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