Social Security
Billionaire’s Tax, Independent Voters, and Social Security
Phillip Wegmann looks at the current state of politics and Social Security. It’s an issue that Democrats normally have in their back pockets, but Independent voters are evenly divided on whom they trust on the topic in 2024. Both Biden…
Today is National Slam the Scam Day
March 7, 2024 is designated as National Slam the Scam Day by the Social Security Administration (SSA). Many articles and press releases are in the media, but this below is the Facebook blast that the SSA has sent out: On…
Retirement Crisis: Over half of Americans 65+ are earning under $30k per year
Juliana Kaplan, writing in Business Insider, summarizes a new report from Sen. Bernie Sanders, Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee. It looks at the bleak future facing some older Americans and those who hope to…
A $6,638 Social Security Benefit Cut? Really?
Yes, all Social Security benefits are due to be cut without congressional reform of a program that’s been barreling toward insolvency for decades. As Sean Williams noes in this comprehensive piece, the time of reckoning is almost here. He explains…
“You Earned It, You Keep It Act” would add 30 years to Social Security solvency–FA
In a post today by Tracey Longo on fa-mag.com, the results of Rep. Angie Craig’s (D-MN-2) bill titled the “You Earned It, You Keep It Act” were suggested to push the projected insolvency date for Social Security’s trust funds out…
Marital Status and Its Affect on Your Social Security Benefits
For those beginning to explore the Social Security benefits that will be available when they elect to claim, the issue of marital status becomes a pretty important factor. For example, benefits for a spouse may be available if the spouse’s…
“Influential Money Expert” Advocates Claiming Benefits at Age 62
Many of the posts we shared on this website through the years deal with the persistent question of which age is the best for claiming benefits. Most analyses focus on the simple math, and that says the longer you defer…
Ask Rusty – About Medicare’s Dreaded “IRMAA” Provision
Dear Rusty: My wife is on Medicare and receiving Social Security benefits each month. We built a house and used money from our investments to pay for it. We knew we would pay taxes on that withdrawal, but my wife…
Social Security’s Uncertain Future Leading to Strategy Changes for Millennials
It’s certainly no secret that the long-term future of Social Security is a little shaky, This should come as no surprise to anyone who’s given thought to how this once predictable component of retirement financial plans will fit into their…
Here we go again…Government shutdown on the horizon. What about Social Security?
The March 1 deadline for funding legislation would mean a partial shutdown, as explained in a post on the gibsondunn.com website. Following the “laddered” continuing resolution enacted in January, the partial shutdown would affect a limited number of agencies and,…