Former Social Security Senior Officials Beg Biden: Please Stop Lying About Social Security
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Townhall.com ^
| October 27, 2020 | Saul Anuzis, Tim Martin and Pat Boone
Tens of millions of Americans rely on Social Security for retirement security and peace of mind. And
we are always on guard to counter slanderous attempts to scare seniors. So, we were more than pleased to see others step forward to counter these election eve lies that Democrats always turn to, trying to garner votes by scaring seniors into the voting booth when all else fails. We dedicated part of our careers helping the agency fulfill its mission of supporting retirees, surviving spouses and children, and workers with disabilities. We know that Social Security touches the life of every single...
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social Security experts, I have a social security question and need some help with answers
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Me | 7/10/2018 | GeorgiaDawg32
I'm at that age where I'm trying to determine whether or not to take social security a year early or wait until I turn 66. To
that end, I called social security and asked them what my benefit will be at 65. They told me. I informed them I'm going to keep working and make far more than the $45k I'm allowed without penalty next year. The social security benefits will go directly to the savings account. I don't need it to live on. My question was, since I'll get no check for the last 3 months of this year...
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Social Security Won't Give You Security
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The Coach's Team ^
| 1/10/18 | Chris Hogan
If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind. Let
me give you two reasons why. One: Social Security is going broke. And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement. Let’s look at these two reasons in a little more detail, and then I’ll propose a solution. Social Security is going broke. When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In...
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About Social Security
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FB ^
| October 24, 2015 | knarf
I got this in my FB page and it is good enough to remind us ... again
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Should You Take Social Security at 62, 66, or 70?
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The Motley Fool ^
| updated on January 11, 2018, and originally published on March 25, 2017 | Todd Campbell (TMFEBCapital)
Social Security benefits can be claimed at any point after a recipient turns age 62, and most Americans take their Social Security as soon as they can. Claiming
benefits early can be smart, but it can pay off to wait. If you're deciding when to start receiving Social Security, here's what to consider. Estimate your expenses Retirement usually means a big drop in income, and if you don't have a solid grasp on what your spending is going to look like in retirement, then you won't be able to make the best decision on when to claim. Depending on who...
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When Should You Take Social Security?
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Charles Schwab ^
| 12/30/2017 | By ROB WILLIAMS
Key Points Taking Social Security benefits before you reach full retirement age may not be in your best interest. We’ll
cover Social Security benefit eligibility and factors to consider when deciding when to take Social Security. The strategies for maximizing benefits can get complex—talk to your financial planner or tax professional if needed. When you start receiving full Social Security retirement benefits is a key question for your retirement plans. The first thing to understand is that the concept of “full retirement age” is a moving target that depends on your birth year (see table below). You can elect...
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I Say Do Not Tax Social Security Income
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A good election topic Trump should run on. Peel
off more of the gummers. Clinton got away with raising the tax in 93'. That was 3 years before the following election. It will mostly benefit those with retirement accounts already but it could add $4k/yr to a whole lot of seniors. Trump will win anyways. I say apply the couple gras. The whacko left needs to be put out off it's misery now not in 2024.
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In GOP war on Social Security, only Trump gets it
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MySanAntonio ^
| Aug 18 2015 | Paul Krugman
Republican presidential candidates. who have had to seek contributions from a handful of wealthy contributors, want to cut Social Security. Average Americans love the program; the superwealthy don’t. Something
strange is happening in the Republican primary — something strange, that is, besides the Trump phenomenon. For some reason, just about all the leading candidates other than The Donald have taken a deeply unpopular position, a known political loser, on a major domestic policy issue. And it’s interesting to ask why. The issue in question is the future of Social Security, which turned 80 last week. The retirement program is, of...
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New Social Security rules
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Fidelity.com ^
| 11/04/2015 | Fidelity
A new law means that two claiming strategies will be off the table in the coming months. The
recent budget agreement did more than authorize the federal government to engage in additional borrowing, it also changed the rules for claiming Social Security. Going forward, two claiming strategies that had given some couples the potential for higher lifetime benefits will no longer be available.* Closing the door on two strategies What do you need to know? Social Security strategies are built around the fact that you can start to claim benefits as early as age 62, but if you defer, the...
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Social Security scam
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Me
Don't give anyone calling you your social security number. A
call today from TX (806.642.4518), stated I had been in some kind of crime and to call them (at the SSA). So I did. And had fun with "Mark" and "Peggy."
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Social Security Scam
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cell phone | 8/23/2019 | me
Beware. The old social security scam is surfacing once again. A
call comes in saying they have found a misuse of your social security number and want you to call back. You can guess what happens then. Freepers and others, beware.
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The new debate about Social Security
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LifeHealthPro.com ^
| 15 April 2015 | Brenton Smith
Between Chris Christie and Senator Warren (D-MA), Social Security reform is getting more media coverage today than at any time in the past 30 years. From
hearing the details, you might conclude they are talking about different government programs. They aren’t. These people are part of the changing debate that is taking shape in Washington. For decades, any problem that developed within Social Security was fixed by shifting the cost to future workers. Today that isn’t possible. What is the problem? Social Security contains a massive imbalance between resources and promises. The Trustees of the Social Security’s Trust Funds estimate...
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Social Security Fails
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Townhall.com ^
| August 15, 2018 | John Stossel
Social Security is running out of money. You
may not believe that, but it's a fact. That FICA money taken from your paycheck was not saved for you in a "trust fund." Politicians misled us. They spent every penny the moment it came in. This started as soon as they created Social Security. They assumed that FICA payments from young workers would cover the cost of sending checks to older people. After all, at the time, most Americans died before they reached 65. Now, however, people keep living longer. There just aren't enough young people to cover my Social Security...
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Here’s What You Can Really Expect from Social Security
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TIME ^
| July 13, 2015 | by Philip Moeller
The projected Social Security shortfall is likely to hit younger workers hardest. Social
Security has two trust funds: the Old-Age and Survivors (OAS) fund, and its smaller sibling, the Disability Insurance (DI) fund. Last year’s report said the combined reserves of both funds would be exhausted in the year 2033, at which time it could pay only 77¢ on the dollar of its benefit obligations. The DI fund, however, faces a more immediate crisis. It will run out of money in 2016—as in next year—and its 0.9% payroll tax levy will then collect only enough to pay 81% of its benefit obligations....
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What millennials get wrong about Social Security
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Fox Business ^
| August 29, 2019 | Liz Weston
Few issues unite millennials like the future of Social Security. Overwhelmingly, they’re convinced it doesn’t have one. A
recent Transamerica survey found that 80 percent of millennials, defined in the survey as people born between 1979 and 2000, worry that Social Security won’t be around when they need it. That’s not surprising — for years, they’ve heard that Social Security is about to “run out of money.” The language doesn’t match the reality. Social Security benefits come from two sources: taxes collected from current workers’ paychecks and a trust fund of specially issued U.S. Treasury securities. This trust fund is...
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Big Changes Coming for Medicare, Social Security
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Kiplinger ^
| June 16, 2015 | Martha Lynn Craver,
Republicans will risk political pushback to put entitlement programs on the agenda during the presidential election. Some
changes are in the wind for Social Security, Medicare and Medicaid—entitlement programs that account for 45% of the federal government’s payouts. Many of the changes are still years away. But some of them will start next year, smack in the middle of the presidential election campaign, forcing candidates to address issues that they and their advisers generally try to steer clear of when they’re running. Kicking off the rare election-year debate: a move to rescue the Social Security disability fund image: http://images.intellitxt.com before...
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US Social Security Administration Out of Control
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Self ^
| May 21, 2022 | Self
We cannot believe this has happened. We
sent business correspondence to our local U.S. Social Security Administration office two weeks ago by certified mail, return receipt requested. The documents were received by the Office, as we received the green Cert Mail card in return verifying same. Included in the envelope we had sent to SSA was an official SSA form whose instructions were to return the form to the local SSA office. Along with the SSA form was a detailed cover letter, and documentation SSA requested confirming legal status. Ten days later, we received an envelope in the mail from...
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Why Don't Politicians Tell the Truth About Social Security?
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Townhall.com ^
| July 6, 2016 | Star Parker
The boards of trustees of our Social Security and Medicare programs just issued their annual report, and we learn, once again, that both programs are fiscally insolvent. The
trustees project there will be insufficient funds from the Social Security program to pay its obligations beginning in 2034, 18 years from now, and Medicare will fall short in 2028, 12 years from now. Given that both of these programs play outsized roles both in the federal budget -- combined they represent 41 percent of federal spending in 2015 -- and in the personal lives of just about every American citizen, you'd...
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Here's When Trump Could Cut Social Security Benefits
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motley fool ^
| July 12, 2019 | Sean Williams
Social Security is our nation's most successful social program -- but it's also in some pretty big trouble. According
to the April-released Social Security Board of Trustees report, the program won't bring in enough revenue over the long term (the next 75 years) to cover outlays to beneficiaries, inclusive of cost-of-living adjustments. The silver lining for seniors who are dependent on Social Security as a major source of income is that the program is in no danger of disappearing or going bankrupt. Recurring sources of revenue, such as the payroll tax and the taxation of benefits, ensure that there will...
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Social Security Administration Beneficiaries Top 60,000,000
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CNS News ^
| March 18, 2016 | Terence P. Jeffrey
The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed
in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLS’s seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
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