Social Security
Will Social Security Disappear?
Well, no – it will not. But there is the problem that Social Security’s annual cost is more than the income it receives from working Americans, and income taxes on SS benefits, and interest from reserves held in the Social…
Update on the Social Security Fairness Act
The much-heralded “Social Security Fairness Act” resulted in increased Social Security benefits for anyone who was previously affected by either the Windfall Elimination Provision (WEP) or the Government Pension Offset (GPO). These provisions affected anyone who had earned both a…
Where does Social Security fit in your retirement plan?
If you’ve worked over your lifetime, you can likely expect to receive Social Security benefits when you eventually retire. And that is surely a good thing. Indeed, about 94% of those who now collect Social Security say that it is…
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…
Supreme Court hands White House a victory
In a majority opinion, with its liberal justices dissenting, The Supreme Court ruled that President Trump’s signature “DOGE” (Department of Government Efficiency) can have access to sensitive Social Security records. Although opponents feared that unfettered access to the records might…
Future retirees will need a new retirement strategy
The way people are saving for retirement is changing. Why? A recent survey by GOBankingRates and New York Life found that just over 90 percent of respondents aged 65 and older said they would rely heavily on Social Security and…
The Valid Benefits Act, H.R. 3659
Rep. Greg Steube (R-FL) reintroduced the legislative bill Valid Benefits Act, H. R. 3659, that would direct Federal departments and agencies to verify eligibility for Federal benefits for individuals 105 years of age or older. The Department of Government Efficiency…
SSDI approval under Social Security
To be eligible for Social Security Disability Insurance (SSDI) benefits, you must have worked in jobs covered by Social Security and have a medical condition that meets Social Security’s strict definition of disability. The application process can be long and…
A record year for Social Security
More Americans are filing for their Social Security benefits this year, according to an analysis by the Urban Institute. There are several factors, including the silver tsunami of retiring baby boomers, anxiety about the direction of the economy, changes to…
Another 2026 COLA prediction
With the start of the summer season, many financial experts are reviewing the inflation data to make an early prediction on the cost-of-living adjustment (COLA) for 2026. But, the only months that factor into the COLA calculation are those in…