“Entitlements” and Social Security
Social Security: Restructure, Not Eliminate
Do you assume that Social Security will “be there for you” because you paid into it over your working life? Would you rather be somewhat prepared or totally surprised if that didn’t come to pass once you retire? Here are key observations about Social Security that will help you better understand the program and prepare…
Read MorePresidencies and Social Security’s Future
Social Security sure delivered mixed punches to our recent Presidents. For those who want to be better informed on this essential government program, here’s a brief squint at the evolution of the program through recent administrations. I’d suggest pursuing your own research into the ground rules, recommendations/reports, and pushback against proposals due to the complexity.…
Read MoreSocial Security: History, One Fun Fact, and Stuff You Probably Want to Know
Six Essential Things to Know About the Social Security Program 1) Its official name is the Federal Old-Age and Survivors Insurance and Federal Disability Insurance program. Drop the “Federal” terms and you can see where the acronym often used comes from: OASDI. It operates under Congressional legislation that dates back to 1935. OASI is the…
Read MoreSocial Security Versus Disability: Obscuring Their Future Through Assumptions
The Social Security and Disability Insurance programs’ Trustees issued their annual report to Congress as expected this month. Their message is even more strongly worded — that the Social Security and Disability Insurance programs face longer-term insolvency of an astounding magnitude. But this year’s modeling utilized aggressive assumptions to hide how quickly the catastrophe is barreling…
Read MoreSocial Security Protection? Just the Opposite! The Summer of 2015 Spending Bill
Did your Representative vote for last summer’s omnibus spending bill? Try finding that bill and those votes on Congress’s website. There’s a huge, hidden story behind the votes. The spending bill may have prevented a shutdown of the government, but it had some retirement surprises. The least talked about in this electorate-fragmenting election was the…
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