The Passage of Time is Killing Social Security
The author says that Social Security heads further down the road of insolvency with the more time that passes without a viable fix from Washington.
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Stay informed on Social Security updates that affect federal employees and retirees, especially those covered under FERS. Explore news and analysis on Social Security COLAs, benefit calculations, earnings limits, claiming strategies, and policy changes that influence retirement income. Find clear explanations of how Social Security integrates with FERS benefits, the FERS supplement, and long‑term financial planning. Keep up with legislative developments, inflation trends, and key rules that shape Social Security benefits for federal retirees.
The author says that Social Security heads further down the road of insolvency with the more time that passes without a viable fix from Washington.
The latest inflation data have been released. What are likely projections for the 2022 COLA?
Some federal beneficiaries who do not file recent tax returns will be getting their COVID stimulus payments from the IRS soon.
While there is no "perfect" age for a federal employee to retire, there are some benefits to waiting until at least age 62.
The author says that the negative impacts of the COVID-19 pandemic on wages could reduce some seniors' Social Security benefits in the future.
Retiring before reaching one’s full retirement age can reduce the amount of Social Security payments in retirement.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.
At what age should you start drawing Social Security? As the author explains, it's not a straightforward answer.
The author says that the economic impact of the coronavirus is going to make a dramatic appearance in the next Social Security Trustees report.
Advice abounds as to why one should wait until a later age to take Social Security, but when might one consider taking it as early as possible?