solvency
The So-called Social Security “Apocalypse”
“Apocalypse” and “Doomsday” are words which have been used to describe Social Security’s looming financial issue, but both words are not an accurate way to described the problem. According to this FOX29 article by Heather Miller, it would be more…
Options for Restoring Social Security to Solvency
It’s certainly no secret that Social Security will be facing some serious financial difficulty in about ten years – that fact has been all over the media for a few years now. The stark reality is that reform of the…
About Raising Social Security’s Full Retirement Age
Hyperbole and apparent political endorsement aside, this Motley Fool article by Maurie Backman identifies and tacitly endorses a controversial solution to Social Security’s financial woes – raising the full retirement age (FRA). FRA is when a claimant can get 100%…
Social Security Solvency: A Perspective
Considering all the media exposure the topic has received in recent years, you’re likely already aware that Social Security is facing some financial issues in the not-too-distant future. To be exact, 2033 is when the program’s Trustees currently project Social…
Millennials Likely to Bear the Burden of Social Security Reform
Given all the media coverage in the past year or so, it’s now pretty well known that Social Security – the nation’s bedrock retirement program – will face serious financial issues in about a decade. Although the recently released Social…
A Primer on Social Security’s Problems & A Solution
What’s all this talk about Social Security’s problems all of a sudden? Why not just leave the program alone? Is Social Security going bankrupt? So what can be done? Are there pros and cons to each? Why not just raise…
About Increasing Social Security’s Full Retirement Age
With Trust Fund depletion looming on Social Security’s financial horizon, there is no shortage of ideas for resolving the program’s financial woes to avoid a potential across-the-board cut in everyone’s benefit in less than a decade. Included in most discussions…
Is Social Security “Broke Beyond Belief?”
According to a self-described “retirement planning evangelist” the American Social Security program is “broke beyond belief” and may not be able to pay full benefits as soon as 2034. That, of course, is a rather harsh, yet understandable, description of…
Bi-Partisan “Save Our Seniors” said to protect Social Security
A bi-partisan trio of U.S. Senators have collaborated to introduce the “Save Our Seniors Act,” intended to keep Social Security’s true financial status front and center in Congress. Companion legislation has also been introduced in the House of Representatives. Fact…
Important information for those new to Social Security
After a lifetime of working and approaching age 62, you might start thinking about applying for Social Security. After all, you’ve worked your entire life, contributing to the program, and feel entitled to start reaping the monetary fruits of your…