Social Security
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…
Former SSA Commissioner Has Strong Comments About Fate of Social Security
Former SSA commissioner Martin O’Malley, speaking in a recent Florida town hall forum, expressed severe concerns for the future of Social Security’s customer service capability. O’Malley, who resigned from the Commissioner position in November of last year, cited excessive wait…
Government Spending Bill at Critical Point in Congress—How Would Social Security Fare?
Voting on the “Full-Year Continuing Appropriations and Extensions Act, 2025” is expected to commence in the House of Representatives today, followed by a Senate vote if it successfully passes the House vote. Described as “a stopgap measure to prevent a…
President Trump Doubles Down on Pledge to “Not Touch” Social Security
Speaking yesterday on Fox News’ Sunday Morning Futures program, President Trump reiterated his promise that Social Security and Medicare will not be touched except by efforts to expose and remove incidents of fraud, waste, and abuse in the systems. A…
“Baby Boomers” Facing Financial Reality of Retirement
The “Baby Boomer” generation has been reaching retirement eligibility since 2008. This population cohort is uncharacteristically large—76 million—and is expected to result in roughly doubling the population of Americans over age 65 by 2031. While that projection could potentially put…
Claiming Benefits Early? Beware the Retirement Earnings Test
Social Security regulations stipulate that upon beginning retirement, spousal, or survivor benefits, beneficiaries are considered “retired” and expected to leave the workforce. Current regulations allow for continued earning from employment for those who claim benefits before their full retirement age…
Renewed Emphasis on Overpayment Recovery Announced
Social Security Administration Acting Commissioner Lee Dudek yesterday announced a return to a previously abandoned agency policy on the recovery of overpayments. Beginning later this month, new overpayment cases will be subject to a default overpayment withholding rate of 100%…
What is the Status of Social Security?
Social Security’s future has faced turmoil over the last several days after a Feb 28th Press Release announced that it would lay off about 7,000 people. This stirred up concerns on how the staff cuts could impact benefit payments. In…
How will the Trump Administration affect Social Security Insolvency?
Social Security insolvency has been in the news a lot recently. Analysis by the Committee for a Responsible Federal Budget (CFRB) shows the Social Security Trust Fund may become insolvent by 2031, three years earlier than previously projected. Implementation of…