Browsing Tag
Social Security
391 posts
Social Security is a U.S. government program that provides financial support to retirees, people with disabilities, and surviving family members. It’s primarily funded by payroll taxes and provides monthly benefits to those who have contributed to the system.
Social Security Trust Fund Projected to be Depleted in a Decade
2023 Social Security Board of Trustees Annual Report projects nearly 25% benefit cut by 2033 absent Congressional action
Latest Bill Pushes for Increased Social Security Earnings Limit
The Senior Independence Act would raise the annual earnings limitation to $30,000 for 2023
The Rage Over Raising the Retirement Age
As talk in the U.S. ramps up over a desire to raise Social Security’s full retirement age to tackle looming insolvency, France and China are changing laws to address demographic challenges
Older Adults Greatly Underestimate Social Security Benefits: NBER Research
Working paper shows that on average they shortchange monthly income by $158 per month or nearly $2,000 per year
2024 Social Security COLA Could Drop Below 3%
Looming recession could mean next year’s cost-of-living adjustment will fall well short of this year’s historic 8.7% raise
Biden’s Budget Seeks Ban on ‘Mega-Roth’ IRAs
The $6.8 trillion budget released today, deemed “DOA” by House Republicans, includes a variety of tax increases for wealthy
Nikki Haley Proposes Changing Retirement Age
The former South Carolina governor called for changes in retirement age and Medicare Advantage plans, but did not provide specifics
4 Senators Want Americans to Wait Until 70 to Claim Social Security
Bipartisan legislation introduced this week proposes two key changes that would encourage people not to claim early
George Fraser and Shlomo Benartzi: The Power of Pennies
Cover Story: How the elite advisor and behavioral economist are using “change” (instead of percentages) to dramatically change participant outcomes
Bernie Sanders Reintroduces Bill to Increase Social Security Benefits, Extend Solvency
Legislation comes at a time of heightened interest as CBO forecasts spike in spending and debt ceiling debate looms