Tag: Social Security
The author says that it appears that the Trump administration’s nominee to lead the Office of Management and Budget has a fundamental misunderstanding of Social Security’s relationship to the federal debt.
The author suggests that the consequences of Social Security will arrive much sooner than the experts are predicting and says that we may actually have to repay the Trust Fund.
A new report from the Congressional Budget Office says that under current law, Social Security benefits would have to be cut 29% beginning in 2030 at the current rate of consumption.
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.
New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.