Social Security
Ask Rusty – Veteran Asks About Special Credits for Military Service
Dear Rusty: I just learned that if I served in the military during an active-duty period, i could get extra earnings for Social Security and that these benefits would be automatically added to my record, but I was never asked…
Retirement in the 2020s: “Unretirement” Has Reached Phenomenon Status
For most folks, retiring from a regular job, whatever the reason, is generally considered a “full stop” milestone. Shifting from the everyday working environment to a life of leisure was seen as a change to a new lifestyle with fewer…
What you need to know about filing for Social Security
Are you thinking about filing for your Social Security benefits in 2025? Although you may have a basic idea of your benefits, several rules could result in less money than anticipated. Kailey Hagen outlines the three things you need to…
H.R. 82 has reached the necessary signatures
The Social Security Fairness Act has reached the necessary 218 signatures required to force a vote on the bill. This bill will reverse the rules surrounding the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules can…
Is anyone paying attention to Social Security?
Molly Dahl, Congressional Budget Office’s Chief of Long-Term Analysis, testified in front of the Senate Budget Committee on the fiscal health of the Social Security Trust funds. “The Social Security trust fund will run out of cash in fiscal year…
A working estimate of next year’s COLA
Do you know how the Social Security Administration calculates the annual cost-of-living adjustment? The simplistic version: Based on changes to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the third quarter of the year, from…
Will the elections change your retirement plans?
With the presidential election less than two months away, most Americans are preparing for potential changes to their retirement plans, according to a new study by Wealth Enhancement Group LLC. Over half of unretired Americans fear inflation has postponed their…
Why you should not rely on working in retirement
According to a new survey by CNBC and SurveyMonkey, over 25 percent of workers intend to work in retirement. However, research has shown that workers “often retire earlier than planned, perhaps due to a layoff or poor health.” Granted, it…
H.R. 3784 Victims of Identity Theft Act
The U.S House of Representatives H.R. 3784, the Improving Social Security’s Service to Victims of Identity Theft Act, was passed unanimously by the Ways and Means Committee. The bill will force the Social Security Administration to streamline its processes for…
The need for a “call to action” for Social Security
According to Social Security Commissioner Martin O’Malley, “Nearly 30,000 Americans died waiting for their Social Security benefit decision last year.” With more than 70 million Americans who rely on Social Security benefits each month and with half the staffing levels,…