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Social Security

Santa Claus, the Trust Fund and the Tooth Fairy

By Allen W. Smith, Ph.D.Jul 16, 2013 10:24 PM | Updated: Sep 19, 2017 4:24 PM Categories Federal Employee Retirement Leave a comment

What do Santa Claus, the Social Security Trust Fund and the Tooth Fairy have in common? According to the author, they are all myths. He explains why the Social Security trust fund does not exist.

The Trouble with Social Security Reform

FedSmith.com author Brenton SmithBy Brenton SmithJun 25, 2013 7:38 AM Categories Current Events, Federal Employee Retirement Leave a comment

The author says that the reform debate of Social Security has two opposing views, neither of which would actually reform the existing system.

Social Security Trust Fund Myths

FedSmith.com author Brenton SmithBy Brenton SmithJun 2, 2013 12:21 PM | Updated: May 12, 2020 9:30 AM Categories Federal Employee Retirement Leave a comment

The author says that some of the information put forth by critics of the Social Security Trust Fund is false and delineates what he says are facts surrounding the fund and its assets.

Government Owes $2.7 Trillion to Social Security

By Allen W. Smith, Ph.D.May 23, 2013 9:36 PM | Updated: Sep 19, 2017 4:24 PM Categories Federal Employee Retirement Leave a comment

The author says that the government has embezzled all surplus Social Security revenue, generated by the 1983 payroll tax hike, and spent the money on wars and other government programs.

3 Big Whammies for Early Social Security

FedSmith.com author Micah ShilanskiBy Micah ShilanskiApr 22, 2013 8:30 PM | Updated: Sep 1, 2021 12:43 PM Categories Federal Employee Retirement Leave a comment

Starting Social Security at age 62? Or anytime before your Full Social Security Age (65-67)? Most Federal Employees are too – but they usually haven’t heard of the three big whammies that come with starting Social Security early. Don’t let these whammies catch you by surprise.

Social Security vs. Federal Employees: Cumulative Pay Increases

By Robert F. BensonApr 9, 2013 5:58 PM | Updated: Oct 17, 2016 12:13 PM Categories Federal Employee Pay News, Federal Employee Retirement Leave a comment

The author compares the historical pay increases of current federal employees to retirees on Social Security to see which group comes out ahead.

The Social Security Tax Cap

By Robert F. BensonMar 13, 2013 9:05 AM | Updated: Nov 2, 2019 4:25 PM Categories Federal Employee Retirement Leave a comment

Should the earnings cap for paying Social Security taxes be raised? The author says it has a downside and offers an analysis with examples.

Can You Outperform Social Security?

FedSmith.com author Ian SmithBy Ian SmithFeb 6, 2013 6:40 PM | Updated: Dec 19, 2019 1:19 PM Categories Federal Employee Retirement Leave a comment

The average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?

Was the Misuse of Social Security Money Pre-planned?

By Allen W. Smith, Ph.D.Jan 21, 2013 8:23 PM | Updated: Sep 19, 2017 4:24 PM Categories Federal Employee Retirement Leave a comment

The author says that it appears that President Reagan put Social Security on a premature path to insolvency through a payroll tax hike in the early 1980s and offers an analysis of why he believes this happened.

New Online Social Security Services

FedSmith.com author Ian SmithBy Ian SmithJan 7, 2013 7:53 PM Categories Federal Employee Retirement Leave a comment

Social Security has announced that it is expanding the services available with a my Social Security account, a personalized online account that people can use beginning in their working years and continuing throughout the time they receive Social Security benefits.

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