Social Security
Too Much Dependence on Social Security Could be a Problem
A post by The Motley Fool’s Katie Brockman highlights the results of a recent Gallup poll in which 60% of those surveyed indicate that their Social Security benefits are a major source of their retirement income. Further, nearly 905 of…
Understanding How Age At Filing Impacts Benefit Levels
Getting the highest Social Security benefit possible is generally only a dream for most workers. It requires a long career in a high-paying job, along with deferring benefits all the way to age 70 to take advantage of delayed retirement…
“Earnings Sharing”…An Item Considered, but Perhaps Not Practical Under Current Social Security Rules
Social Security expert Tom Margenau, in a post on dallasnews.com, responds to a suggestion from a reader that there needs to be a better way for Social Security to compensate, in retirement, homemakers for their time outside the workforce. In…
Thoughts on Stretching Your Monthly Social Security Benefit
It’s tough these days for many retirees to make ends meet comfortably, and those dependent on Social Security feel that pain more acutely. Even though the rate of inflation seems to be easing, it’s clear that the price levels reached…
Five retirement challenges that many women face
Women face some unique challenges compared to most men when planning their retirement. The Women’s Institute for a Secure Retirement has listed five challenges facing women when planning for retirement. Tammy Flanagan outlines these challenges as a woman employed in…
The trend of unretiring
American retirees are returning to the workforce. The fastest-growing age group in the workforce is workers over 75, according to the Pew Research Center. Why? Some cite longevity, socialization, and inflation as factors for returning to the workforce. So, are…
Social Security is the top issue for voters
CNBC poll finds Americans rank Social Security as one of the top issues when determining who they will vote for this November. In the recent Nationwide Retirement Institute survey findings, respondents expressed the same sentiment on how Social Security will…
The latest COLA estimate
The Social Security Administration typically announces the COLA for the following year in October; however, that has not stopped financial and Social Security experts from weighing in on the percentage for 2025. The government released July’s Consumer Price Index for…
Happy 89th birthday, Social Security
Happy 89th birthday, Social Security. On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities. Social Security…
How many Americans will rely solely on Social Security
Will Social Security alone provide you with enough income in your retirement? In a recently released report from NerdWallet, 30 percent of Americans said their Social Security benefits will provide enough money to live on during retirement. Alessandra Malito asks:…