Social Security
The Social Security Insolvency Issue – A Blessing or Curse?
Think how relieved you would feel after your doctor said, “I’ve got some bad news for you. You’re healthy now, but you will die one day.” You’d likely be relieved he didn’t give you six to nine months to live. …
Where Will Your Income Come From in Retirement?
As Christy Bieber notes, your paycheck ends when you retire, but folks still need an income stream to pay their bills. That can be money from alimony, real estate investments, or dividends, to name three. However, the most common sources of cash for seniors…
3 Money Myths That Could Ruin Your Retirement
Katie Brockman advises those planning for retirement to avoid falling for these three myths: Myth #1: You’ll spend less in retirement than you’re spending now; Myth #2: It will be easier to save if you wait until you’re earning more money;…
Social Security Shrinks if You File Early
Christy Bieber takes Social Security beneficiaries through how their benefits will be permanently reduced if they file before their full retirement age (FRA). Of course one does get more checks, though smaller, when applying before FRA. Ultimately it’s an individual…
Six FAQs on Social Security Disability Benefits
Rachel Hartman of U.S. News writes about the complex and confusing application process for Social Security disability benefits. She addresses answers to these six most commonly asked questions: 1. Who Is Eligible for Social Security Disability? 2. How Long Does…
Be careful if contributing to an HSA while on Social Security
Sarah O’Brien of CNBC writes an important and informative piece here for those that regularly contribute to a health savings account (HSA) and plan to tap Social Security past full retirement age. Folks must be careful not to run afoul of…
Free up your time by using Social Security online
Maria Ortega of The Sun Sentinel describes time as one of our most valuable commodities. This article discusses online resources to make doing business with Social Security easier and faster. By establishing a my Social Security account, those receiving benefits can change their address…
States With the Best and Worst Average Social Security Checks
New Jersey and Connecticut are where older people receive the largest average Social Security payments, according to the latest data from the Social Security Administration. Louisiana ranks last. Doug Whiteman of MoneyWise ranks all 50 states and the District of Columbia for Social…
An analysis of two approaches to reforming Social Security
Monique Morrissey, writing in The Philadelphia Tribune, explains some details of and analyzes Rep. John Larson’s Social Security 2100 Act as well as Sen. Elizabeth Warren’s plan to reform Social Security. Both plans are progressive in nature, and the author clearly likes…
Social Security Expansion Hits Speed Bumps
Andrew Biggs of the American Enterprise Institute summarizes how the incredulous idea of expanding Social Security benefits has gone from a fringe position in 2012 to solely a Bernie Sanders idea in 2016 to now a mainstay view of all the…