Social Security
Ask Rusty – How Can I Get Details about My Social Security Payment?
Dear Rusty: How do I find the actual breakdown of the Medicare insurance that I have auto deducted and my actual Social Security payment? I was just looking at a video which explained the 3% Cost of Living Adjustment we…
Revisiting Some Lesser-Known Social Security Rules
For someone beginning to take their first preparatory look at Social Security, the basics are fairly well known. Age 62 is your early eligibility (with reduced monthly benefits), your full retirement age is based on your year of birth (if…
Election 2024 – The Knives are Coming Out
If you’ve checked in on the various debates and Town Halls starring the 2024 presidential challengers, you’ve seen the growing intensity relating to positions on Social Security reform. It’s pretty clear that there are differences of opinion on what needs…
AFGE Issues Urgent Appel for Increased Funding
The American Federation of Government Employees, representing three-quarters of a million federal employees, yesterday declared the Social Security Administration (SSA) to be “an agency in crisis,” outlining its case for $20 billion in a proposed supplemental funding package over the…
Life Expectancy and It’s Impact on the “Retirement Safety Net”
As the rhetoric heats up on Social Security, and as the leading 2024 presidential candidates debate their policy thoughts on this issue, extension of the full retirement are (FRA) for benefits is getting quite a bit of play. In fact,…
Paying FICA Tax While Drawing Social Security Benefits
Many folks remain in the workforce after claiming their Social Security retirement benefits, some on a part time basis, some full time. Often one of their beliefs is that continuing to be subject to the payroll tax—the FICA tax—will increase…
Attention, Women: Some Rules You Should Know About
Social Security is, as most people know, gender-neutral. But that doesn’t mean there aren’t portions of the rulebook that women need to pay special attention to. Tom Margenau, a 32-year veteran of various positions with the Social Security Administration, offers…
Warren Buffett–A Historical View of What Should be Done About Social Security
Social Security’s looming solvency problem is beginning to draw attention (again), now as a segment of the 2024 presidential election debates. Solutions are popping up in many corners, and they range from doing nothing to shoring up the revenue side…
Social Security Retirement Benefits and Boomers…A Note of Caution
The often-reported absence of adequate savings by those intending to rely on Social Security benefits for a comfortable retirement suggests that there may be some rough waters ahead, according to a post by GoBankingRates’ Sean Fisher on their website. Fisher…
GOP Frontrunner Trump Maintains “Don’t Touch” Stance on Social Security
In a post yesterday on finance.yahoo.com, contributor Vance Cariaga offers an update on Republican presidential candidate Donald Trump’s position on campaign hot button Social Security. The update, in essence, is that there has been no change in Trump’s position that…