Social Security
Should Congress Reverse HR82?
The Social Security Fairness Act was signed by then President Joe Biden in December 2023. This eliminated WEP and GPO offsets for government employees who get a pension and did not pay into Social Security while they were working in…
Pushback to DOGE Review of Social Security Spending
There is a lot of controversy surrounding DOGE (Department of Government Efficiency) these days. The newest area of spending analysis is the Social Security Administration. Although this probe is meant to eliminate wasteful spending and strengthen the agency, democrats are…
When to Claim – That is the Question !
You are eligible for Social Security payments starting the full month you are age 62, providing you have worked and received the necessary credits. Social Security benefits can be claimed anytime between age 62 and age 70. At your Full…
The Social Security Fairness Act
The Social Security Fairness Act (HR82) was signed into law by President Biden in December 2023. This new law will eliminate the offset that some public employees have been subject to because they have pensions where those employers did not…
A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
Social Security’s Wasteful Spending To Be Evaluated
DOGE may be looking into Social Security next. It is not with intent to cut benefits, but for the purpose of discovering and correcting wasteful spending. This action will help the agency to function more efficiently. Andrews Mark Miller for…
Are You 65 Or Older and Need Medicare Part B? Sign Up Now Through March 31
(Source: SSA.gov) If you’re 65 or older and didn’t sign up for Medicare Part B during the automatic, initial or special enrollment periods, now’s your chance. You can sign up for Part B (medical insurance) during the annual Medicare General Enrollment…
SSA Under Pressure to Expedite HR 82 Implementation
In a display of bipartisan interest, a coalition of 28 Senator this week issued a letter to Social Security Acting Commissioner Michelle King expressing concern that “… it might take the agency more than a year to implement an expansion…
Income Tax on Social Security Benefits Getting New Attention in Congress
It’s still early in the 119th Congress, but there’s a flurry of new attention being placed on the nagging issue of taxing Social Security benefits. Yesterday, Representative Thomas Massie (R-KY) reintroduced Senior Citizens Tax Elimination Act (see washingtontimes.com post here) intended…
Social Security Seems to be Playing a Greater Role in Finances of the Newly-Retired
A recent survey by the Employee Benefit Research Institute (EBRI) revealed that younger retirees–those who entered retirement at ages 62 and 63–depend on Social Security for about two-thirds of their income, compared to about half for retirees now in their…