Social Security is a government-run program in the United States that provides a source of income for retirees, as well as for people who are disabled or the survivors of deceased workers. The program is funded through payroll taxes, and it is designed to provide a basic level of financial security for those who are no longer able to work.
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A perennial question in the financial literature is at what age is the best to begin Social Security benefits. Here's how I decided for me. The post When to Begin Social Security Benefits — How the Ma...
Waiting until 70 to claim Social Security has its benefits, including maximizing your paycheck, but there are also valid reasons why you shouldn't wait.
Understand how projected Social Security funding shortfalls could affect your claiming strategy, potential benefit cuts and the best age to file based on your situation.
As Social Security barrels toward projected cuts, a newly launched federal savings initiative could privatize the program.
If you have a pension and $1 million-plus saved, deciding when to take Social Security is about optimizing your taxes, legacy planning and long-term income.
Wife and I are retired and trying to decide on SS timing. I'm 61, she's 64. Using open social security, it shows that the best strategy is her now (probably passed the window already) and me at 70. Th...
If nothing is done, Social Security benefits will need to be cut by 22% in 2033.
An updated model pushes the projected fund depletion back by a few months, but financial experts warn that core concerns remain unchanged.
Claiming Social Security early might seem counterintuitive for the ultrawealthy, but one advisor says that when the benefits are used to fund life insurance in an irrevocable trust, the strategy could...
am I getting that right? so if you are over the full retirement age - in my case 67 - if I decide for whatever reason to go back to work, I can receive full social security benefits without any penalt...
Social Security isn't going bankrupt—but a 22% benefit cut looms in 2032. Here's what's driving the shortfall and the proposals that could shape its future.
Electronic Social Security payments are being touted as faster and safer than paper checks. But those who rely on them will need support to make the transition.
Social Security's trust fund will be depleted earlier, according to the latest estimate from the system's trustees. That estimate could be optimistic.
Social Security is phasing out paper checks. See what beneficiaries need to do now to ensure payments continue without interruption.
With the clock ticking toward the Social Security fund's projected insolvency, advisors might take different approaches depending on clients' ages and levels of wealth.
As funding questions persist for Social Security and Medicare Part A, speakers at the recent AICPA conference discussed how advisors can guide clients through complex benefit rules and options.
This is the summary - the full report can be accessed by the link on the top or left of the page. Offered without comment. 2026 Social Security and Medicare Trustee Report Summary
A growing number of Americans are working past retirement age. But what happens to Social Security, tax and healthcare when you keep on working?
What if your Social Security benefit is worth far more than you realize, and the decision of when to claim it could be one of the biggest financial choices you'll ever make? As part of our "By the Num...
The 2026 Social Security Trustees Report moves a 22% benefit cut to 2032. The fix is an old idea: tax investment income to retire the program’s legacy debt.
The program’s trustees confirmed that its primary trust fund is now set to run out of money in 2032, potentially triggering automatic cuts.
The latest projections indicate the main Social Security retirement fund will reach insolvency in less than six and a half years. For retirees and their advisors, that could mean a potential rethink o...
Don’t confuse Trust Fund insolvency with Social Security bankruptcy and the inability to pay any benefits.
The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent.
Inflation has been frustrating for retirees, but it could lead to a larger Social Security cost-of-living adjustment, or COLA, in 2027.
Here's the information you need to start your Social Security application.
June 5, 2026 – Almost to the day, today, eight years ago, was my last day at work. One thing I always looked forward to in retirement was never having to pay those dreaded payroll taxes again. Alas, e...
Analysis shows that a new tax break designed to help older adults could weaken what is now a key safety net for millions of retirees.
A bipartisan proposal to create a 75-year sovereign wealth fund for Social Security is not promising, according to Boston College researchers.
Claiming Social Security too early can cost you thousands. Before you file, ask these essential questions to ensure you aren't leaving money on the table.
Social Security’s solvency problems combined with advice by online financial commentators could cause Americans to accelerate their benefit claims.
Delaying your claim until age 70 locks in a permanent, lifelong pay raise. Here is your blueprint to construct an income bridge that safely funds your retirement gap years.
A higher cost-of-living adjustment isn't necessarily a good thing for retirees and other Social Security recipients.
Retiring at 60 feels like a clean plan. Work ends, savings take over, and Social Security fills the gap later. What most people do not realize is that decision has already changed their benefit. In th...
The 2026 OASDI Trustees Report is expected to be issued in the near future. Last year, the 2025 report was released in June. Like we did last year, we will take a shot at predicting this year’s 75-yea...
Driven by a recent spike in fuel and food prices, the 2027 Social Security COLA forecast has jumped to 3.9% — a significant increase over the 2026 raise of 2.8%.
Social Security isn't simple. Learn the key claiming strategies—spousal, survivor, disability, and more—to maximize your benefits and avoid costly mistakes.
Over 20% of Americans are receiving Social Security. SS benefits will be reduced in 2033. What changes are being considered? How will it affect you? Read to learn more.
Even a perfect Social Security plan can fail if you hit a login wall, an ID check snag or a direct-deposit problem. Here's how to make sure that doesn't happen.
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. ?Contact Devin's team at https://carrolladvisory.co/podcast1 ...
Some advocates argue that Trump Accounts could pave the way for private Social Security funds.
The 90-year-old retirement income program is marred by confusing rules, administrative snafus and uncertainty over what benefit cuts and tax hikes are to come.
The six-figure limit could help restore Social Security solvency, according to one paper.
Spot Social Security scam emails before they cost you. Learn the red flags, how imposters trick seniors, and simple steps to protect your identity and savings.
Six weeks ago I enrolled for my social security. Its been over six weeks and all I have received is an email on the day after I enrolled saying someone looked at my submittal. I cannot find anyway to ...
Most people think deciding when to take Social Security is a math problem. Run the numbers. Find the breakeven age. Pick 62, 67, or 70. Done. But that approach misses the point. This is not a math dec...
The Social Security Administration calculates benefits in a capricious fashion, as directed by Congress. The divorced do well, while second earners pay a price.
Jeremy Keil explains how 5 smart moves could impact your ability to claim $180,000 or more as a couple in Social Security. If you’re about to file for Social Security, there’s a real possibility you c...
Chris Orestis, founder & president of Retirement Genius, answers the question: “Is Social Security going bankrupt?” “If we don’t address the financial shortfall… it would trigger an immediate 20% or g...
Chris Orestis, founder & president of Retirement Genius, explains how to make more informed Social Security decisions. Social Security is one of the most important decisions in retirement. And yet, ma...