Does Social Security Need A Fix?

I started writing blogs with ideas to fix Social Security back in 2011.  The last substantive fix happened in 1983 and it’s overdue for another. With about one in five seniors living in poverty, my assumption is that Social Security retirement benefits comprise a significant percentage of what seniors need to stay alive. Remarks from …

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Working Past 65 Can Affect Your Social Security Benefits and Medicare Premiums

Why age 65? Why is that such a pervasive number when thinking about retirement? My assumption is that it first appeared in documented action in 1935. That’s when Congress  passed the Social Security Act, designed to pay workers age 65 or older a monthly stipend from amounts they would pay into the system. I suspect …

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Social Security Changes for 2020: Raises, COLA, Taxes, Benefits

My Comments: Virtually all of us now retired depend to some degree on our Social Security retirement benefits. To suggest otherwise is silly. It’s now so ingrained in our financial lives that to maintain our standard of living, we must make sure we continue to receive those monthly benefits. That’s true no matter how much …

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Social Security: File Early of Later?

For millions of us, a monthly check for the rest of our lives has real meaning. We’ve paid into the system for years and for better or worse, we want our promised benefits. I have no idea if you consider yourself a “senior”. As I was passing through middle age, a “senior” was someone with …

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10 Things to Know About Social Security in 2020

My Comments: As the article states, 64 million people receive a benefit payment every month, keeping at least 22 million of us above the federal poverty line. Beyond that, the article from Sean Williams speaks for itself. By Sean Williams \ 10 NOV 19 \ https://tinyurl.com/vm5dp2k Social Security is undeniably our country's most important social …

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4 Social Security Myths That Need to Die

My Comments: Again, since today is Tuesday, here’s something about Social Security that needs to be read and understood if you have not yet applied for retirement benefits. And even if you have, if it was in the last 12 months, you get a one-time do-over. Social Security can get really complicated if you let …

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Understanding Social Security Survivors Benefits

My Comments: Today is Tuesday, which is when I typically post something about Social Security. Of all the sources of income you are likely to enjoy in retirement, Social Security is hands down the most valuable income source to millions of Americans in the years to come. For those of us married participants, survivor benefits …

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