Social Security
Ask Rusty – Will My Medicare Premium Change because I Sold Investment Property?
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My…
The Current Focus on Social Security: A Source of Considerable Angst
Despite repeated promises that the Trump Administration’s current focus on Social Security operations does not include benefit cuts, an Investor Business Daily report by Adam Shell suggests “Social Security’s future is worrying everyone.” As Shell explains, the Department of Government…
Need to Update Your Banking Info for Social Security Payments? Better Read this.
Beginning March 29, the Social Security Administration (SSA) will no longer accept requests to change banking information over the phone. The change will require banking changes to be submitted through a “my Social Security” account or, as an alternative, visit…
Rep. Larson Strikes Back on Allegations of Massive Social Security Fraud
Citing continuing assertions of “hundreds of million dollars of fraud” in the U.S. Social Security system, Rep. John Larson (D-CT) lashed out in a firey address before the House committee meeting and suggested that the intent behind these allegations could…
An Argument for privatizing Social Security
Speaking at the firm’s Retirement Summit program, Blackrock CEO Larry Fink spoke in favor of individual savings accounts funded by employer and employee contributions and market-based investment management as a better way to ensure continuity of Social Security. He based his…
House Appropriations Committee Refutes Misinformation on Social Security Cuts
In a post yesterday on appropriations.house.gov, the House Appropriations Committee countered partisan allegations of Medicare, Medicaid, and Social Security cuts in the legislation passed by the House Tuesday to avert a partial government shutdown and fund federal agencies through September.…
White House Reiterates Pledge to Avoid Social Security Cuts
In the wake of Elon Musk’s public comments about focusing on “entitlement” programs as cost-cutting targets, the White House issued a press release stating that “The Trump Administration will not cut Social Security, Medicare, or Medicaid benefits.” The press release,…
Sen. Graham Advocates Full Retirement Age Setback
Earlier this week, Senate Budget Committee chairman Lindsey Graham (R – SC) spoke in favor of a change to the Social Security full retirement age (FRA). SC Daily Gazette reporter Shaun Chornobroff, reporting on comments made by Sen. Graham in…
The Plight of Today’s Retirees: A Tale of Living on Social Security
A post on Business Insider yesterday outlined the difficulties faced by a 70-year-old retiree attempting to navigate retirement life and survive with Social Security benefits as her sole income source. Compounding the struggle is her inability to obtain employment to…
A Reminder for Social Security Participants–Keep Your Personal Data Current
According to agency officials, maintaining the accuracy of personal data for your Social Security account is critical. Failure to keep details, like address, marital status, and employment status, up to date can affect the delivery of benefit payments, and the…