The author proposes an alternate way of calculating the cost of living allowances for Social Security based on the process of computing cost of living adjustments for federal retirees that he says would result in tremendous long term savings.
I am planning to retire at age 63 and waiting to withdraw my Social Security until I reach age 66. While my husband is still working, can he withdraw his Social Security at age 64? Can I apply for half of his Social Security while I am waiting to withdraw my Social Security?
The issue of our own mortality is not one we like to think about or discuss with our loved ones. However, it is necessary for proper planning for the future, especially when it comes to matters of personal finance. The author discusses how to maximize some of your most important benefits as a federal employee in the event of your death.
The author says that the candidates in the first Republican presidential debate failed to give voters any new or factual information on how to best reform Social Security. He discusses the flaws he sees with the information put forth by the candidates in what little discussion was had about Social Security.
The author demonstrates that the slight improvement in the insolvency date for Social Security’s combined trust fund is nothing more than a false positive.
The author says that Social Security benefits are not guaranteed, and he points out that the government can revoke them at any time.
The Congressional Budget Office has released its long term budget report which includes a picture into the prospects of Social Security. If you are planning to retire soon, pay attention.
A recent study conducted by the Government Accountability Office found that roughly half of households age 55 and over have no retirement savings. Senator Bernie Sanders (I-VT) says that the study results are evidence that Social Security needs to be expanded. Some might disagree with the Senator, however.
Senator Lindsey Graham (R-SC) reportedly said, “You could [design a plan to fix Social Security] on the back of a napkin.” The author says that this statement is absurd and says the problems with Social Security are far more complex than what Graham’s statement would lead one to believe.
The author claims that the media is the most destructive force in Social Security today. He asks how we can expect to have an informed debate about Social Security when the media is putting headlines over content and cites a recent study as one example of the media’s flawed coverage of the debate.
