Social Security Trust Fund May Fall Short One Year Earlier Than Expected
Social Security's largest trust fund may be depleted in 2034, one year earlier than previously estimated, according to its Board...
Tag: Social Security
White House Budget Proposal Increases Funding for DOL Enforcement Actions
President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
Senators Propose Legislation to Encourage Social Security Literacy
The legislators want to increase the clarity and number of paper statements workers receive from the Social Security Administration to...
Senators Propose Repealing Social Security Cuts to Public Pensioners
The Social Security Fairness Act would repeal two provisions that reduce payments to many retirees collecting public pensions.
Social Security Expansion Act Would Guarantee Solvency for 75 Years
The Democrat-sponsored bill has been referred to the Republican-controlled House Committee on Ways and Means.
Biden “Won’t Let” Republicans Cut Social Security
In the State of the Union address, Biden commits to protecting Social Security and Medicare from cuts to address the...
CBO Says Social Security Trust Funds May Be Depleted by 2033
Retirement advisers may need to counsel on a 23% reduction in Social Security benefits within the next decade if the...
Social Security Administration Aims for Informative, Time-Saving Website Redesign
Understanding when and how to take Social Security distributions should be a critical part of everyone’s retirement planning, according to...
Making Retirement Income Projections Useful
Plan participants need advisers to go beyond just awareness of their balance to thinking about that balance in the form...
Six Misconceptions About Social Security That Can Affect Participants
Not recognizing the impact of claiming benefits early – or the benefit of waiting – is essential.
Think Again: When Should Workers Begin Saving for Retirement?
A new study in the Journal of Retirement argues that if one’s goal for retirement saving is to keep their...
Social Security COLA’s Could Have Big Impact on Advisers’ Retirement Planning
Advisers discuss the cost-of-living adjustment and what it could mean for pre- and post-retirees.
Social Security Benefits See Highest Increase in 40 Years
The increase tops the 5.9% cost-of-living adjustment seen in 2022.
Millennials May Be Headed Towards a Rocky Retirement, Research Shows
The Pension Research Council at Wharton Business School published findings that suggest millennials will likely have lower relative retirement savings...
What Is the DOL’s Plan If the Government Shuts Down?
Like most organs of the federal government, the Labor Department maintains an explicit policy for government shutdowns as a consequence...
U.S. Drops to 18th on Natixis Retirement Index, Due to Economic Issues, Aging Population
This year’s report warns that “key risk concerns for retirement security are coming to a head in today’s rapidly changing...
Social Security Concerns Drive Early Benefit Claims
Almost half of workers surveyed (48%) have no strategy to generate retirement income, Schroders finds.
A Social Security Solvency Q&A
Joe Elsasser, Covisum’s founder and president, gives his view of the 2022 Social Security Board of Trustees solvency report.
