The Congressional Budget Office recently released the 2015 forecast of Social Security Policy Options. The author notes that this report is more pessimistic than similar reports from the Social Security Administration’s actuaries. He provides a summary of the report and what it says about the prospects of Social Security’s ability to continue to pay benefits.
The Bipartisan Balanced Budget Act of 2015 made several important changes to Social Security. Several very popular filing strategies are being eliminated, and many people will need to modify their retirement income plans to account for the new restrictions. The author describes what you need to know for planning your retirement.
The author says that one of the most enduring myths of the Social Security debate suggests that the money collected for the system was spent on other government programs. He provides an explanation of why he says this is not true.
The Social Security Administration states that the goal of a cost-of-living adjustment is to ensure that the purchasing power of seniors is not eroded by inflation, but with no COLA planned for 2016, does that mean that seniors do not have to worry about inflation? As the author notes, it depends on how inflation is measured.
What impact does the debt ceiling have on Social Security? Social Security will have money to pay the check. Will the rest of the government will have the money to mail it?
Legislation has been introduced in the House to give federal retirees and Social Security recipients a 2.9% COLA in 2016.
Information on a cost of living adjustment (COLA) for 2016 has been released with little suspense as it was already well-known that there would not be a COLA increase in January for federal retirees and Social Security recipients.
Bernie Sanders has made a number of statements about Social Security during his campaign for president, but are they true? The author provides a fact check analysis of some of Sanders’ statements.
In his second article in the series, FedSmith.com author Randy Silvey addresses some of the questions he received from readers on retirement topics such as investing in the TSP and learning how to know if you are on the right path towards a successful retirement.
If I retire under FERS with 36 years of service prior to age 66 when I could receive the full Social Security amount, how is the supplement calculated or valued?
