Social Security
Social Security’s Problems Plus a Balanced Solution
What’s all this talk about Social Security’s problems all of a sudden? Why not just leave the program alone? Is Social Security going bankrupt? So what can be done? Are there pros and cons to each? Why not just raise…
Social Security’s $4.1 Trillion Hidden Government Deficit
Romina Boccia of The Cato Institute explains the American public’s misconceptions about how our pay-as-you-go Social Security works and how and why it faces a huge financial shortfall. Boccia explains how the IOUs work, the current deficit spending the program…
Fact Check: Are Immigrants Getting Social Security?
Aliss Higham of Newsweek dives into the illegal alien vs. Social Security argument. In the debate, Donald Trump said, “Social Security, he’s destroying it because millions of people are pouring into our country, and they’re putting them onto Social Security.”…
Both Biden & Trump Social Security “fixes” miss the mark
Sean Williams has a piece that describes the stark reality of leaving the Social Security program alone– benefit cuts in excess of 20% in a decade. Williams notes that since 1985, the annually released Social Security Board of Trustees Report…
Need to have an honest conversation about Social Security
The presidential candidates are promising to preserve Social Security, but the reality is that if Congress does not take action by 2035, seniors will see a cut to their benefits. When discussing the Social Security insolvency issue, many myths about…
Does your state tax your benefits?
The IRS determines your federal tax bill based on your combined income, which includes your AGI, any nontaxable interest, and half of your yearly Social Security benefits. However, only a handful of states tax your Social Security benefit. What states…
How waiting boosts your benefit?
There is no perfect age to begin your Social Security benefits. Your choice of when to take your Social Security benefits is a personal one based on your circumstances. However, if you wait past your full retirement age to begin…
Why is the average Social Security benefit so low?
Regarding Social Security benefits, it is not the same amount for everyone. Many factors will impact the benefits you will receive – how many years you worked, how much you made during your career, and when you decide to begin…
Workers want lawmakers to shore up Social Security
U.S. workers want lawmakers to address Social Security’s insolvency issue. In a recent report, 58 percent of workers said they want the President and Congress to fix Social Security. However, when asked what Congress should do, the response was mixed,…
Social Security changes for 2025
We are almost at the halfway mark for the calendar year 2024; now is the time to be aware of some changes to Social Security in 2025. What are these changes? Christy Bieber outlines the three Social Security changes we…