Based on the last CPI-W for May, the next COLA may be as low as 1.4% Still a few months to go before it can be finalized. The CPI-W for July, August […]
Social Security taxes are just another tax
Because Social Security taxes are a payroll tax based on our earnings many people see this tax differently from other taxes. It is even perceived by many Americans that they are contributing […]
Can you live on Social Security alone?
I would say no, but statistics say otherwise. Thirty-five percent of retirees receive 90% or more of their income from Social Security, but that does not consider assets or supplemental non-cash assistance. […]
Apparently “Facts”are not Facts – especially when it comes to Social Security
Following is a list that is finding its way around social media, it’s not new but it keeps popping up and it is totally bogus. And as you can see, it’s politically […]
Don’t get too excited over the legislative proposals to expand Social Security for FUTURE beneficiaries some increased benefits but . . .
Assuring the long-term sustainability of Social Security should be the first priority. The first screenshot from the Motley Fool shows the current Social Security benefits formula. The AIME is your average indexed […]
