Tag: Social Security
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.
A lot of retirees are upset about the small COLA for the coming year, however, the author says that the COLA calculation is not an exact science. Here is an explanation of why it has been so low in recent years.