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Try It NOWCategory: Social Security
Dec. 21, 2024 — In what will probably be one of the last acts of the current Congress, the Senate overwhelmingly passed a bipartisan measure that will provide full Social Security benefits to public sector workers. Approximately 2.8 million public pension recipients will now receive benefits at the same rate…
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Category: Social Security
December 18, 2024 — The subject of when to take Social Security is one of the most hotly debated retirement topics. Although the system was designed for both decisions to be equal, there are plenty of proponents for each approach. Case Study – High Earners Let’s explore the following case.
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Category: Social Security
December 12, 2024 — The results are in from last week’s instant poll, and they have a practical bent. The question to be voted on was, “What do you think will happen when the Social Security Trust Fund Runs Out of Money in 2033?”. We received over 150 votes, which…
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Category: Social Security
November 31, 2024 — We would love to get your vote on what will happen on this issue. The Social Security Retirement Trust Funds are expected to run out in 2033. When that happens it is estimated that only about 79% of benefits can be paid. Congress has been dithering…
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Category: Social Security
Update late December, 2024. This bill was passed by both houses of Congress and signed into law in early Jan. by President Joe Biden. See “Congress Passes End to WEP“. Bipartisan legislation that would repeal two provisions of Social Security easily passed in the House of Representatives. Current SS…
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Category: Social Security
Oct. 11, 2025 – The Social Security Administration announced that the Cost of Living Adjustment (COLA) for recipients will be 2.5% in 2025. It is the smallest increase since the pandemic. Although doubtless recipients would have hoped for a bigger rise, the silver lining is it reflects the good news…
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Category: Social Security
October 8, 2024 — With the election coming soon, the issue that most directly affects retired people is the impending Social Security and Medicare funding crisis. If nothing is done, Social Security recipients will face a 20% cut in benefits in 2035, just over 10 years from now. Medicare will…
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Category: Social Security
“See Presidential Positions (below)“. August 15, 2024 — Thanks to everyone who voted in last week’s poll on the best way to fix Social Security. The good news is that you seem willing to make some sacrifices to make it happen, not just throw the burden onto someone else.
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Category: Social Security
August 6, 2024 — In case you haven’t been paying attention, a real crisis is brewing for Social Security. According to its Trustees, its reserves will be exhausted by 2035 (just 11 years away), at which time the only money available will be from taxes paid by current workers. Only…
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Category: Social Security
July 31, 2024 — Ordinarily Social Security or the IRS will not contact you by email or phone – unless it is from the mail, consider it spam or some kind of ripoff. But if you got an email recently from the Social Security Administration titled “Important Changes to Access…
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