Social Security
Accuracy of Social Security reporting on customer service issues questioned
Senator Warren has asked for detailed data concerning the wait times for phone calls/ Commissioner Bisignano has agreed to increased data reporting and transparency. Suzanne Blake reporting for Newsweek discusses here… Notice: The link provided above connects readers to the full…
Ninety Years of Social Security
Social Security payments are a lifeline for millions of Americans. This year the program is 90 years old. Although many changes have happened over the years, at this point in time, Social Security desperately in need of reform. Beth Sterns…
Where can you stretch your Social Security dollars?
Living on a fixed income is not easy. Sometimes finding a more affordable place to live can help. The Trefis Team writing for Forbes gives some tips here… Notice: The link provided above connects readers to the full content of the…
A Backtracked Social Security Decision
President Trump signed an executive order in May to convert all paper check payments from the government into digital form. However, following a meeting between Senator Elizabeth Warren and Social Security Commissioner Frank Bisignano, it has been announced that these…
The Hold Harmless rule – Why Medicare increases will not Lower your Social Security
Most years a Cost of Living Adjustment (COLA) increases Social Security recipient’s payments. However, depending on the accompanying increase to Medicare Part B, that increase may be offset. Gabriela Leon for msn explains how the Hold Harmless rule will keep…
Recent survey results shows Seniors have opinions on how to reform Social Security
With the Social Security trust fund currently on track to reach insolvency by the mid 2030’s, there are many ideas about how to reform Social Security to make it last for generations. A recent survey shows that older Americans have…
Basics of the Social Security Cost of Living (COLA) increase
Generally, the COLA is an increase in Social Security benefits that usually occurs each year. It is announced in October, effective in December and shows up in payments in January. Read this article by DJ Wilson for AMAC for a…
How does the age you Claim affect your Social Security Benefits?
You’ve worked all your life, increased your income over the years, and paid into Social Security. Your top 35 years of earnings will form the basis of your Full Retirement Age. But your benefit is determined by the age you…
Social Security Insolvency
The most recent Social Security Trustees report states that the combined trust funds are expected to be depleted by 2034. Once that happens Social Security benefits for all recipients will be cut by approximately 20%. Maurie Backman for The Motley…
Frustrated with Social Security Taxes? Why are they taken out of my paycheck?
Workers who earn (and their employers) must contribute to Social Security via payroll taxes to fund the program. When the program first started, certain employees and their employers were required to each contribute 1% of the employee’s first $3000 of…