I’m sure you’ve heard that old saying that goes something like this: “If it looks like a duck, walks like a duck and quacks like a duck—it’s a duck!” Well, I offer you another version of that old chestnut. And it goes like this: “If it looks like a crazy Social Security rumor, sounds like…
Deficits Forever and Ever
March 24, 2023
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Business & MarketsBusiness Columnistsdeficitsfederal spendingMedicareOpinionSocial SecurityViewpoints
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Commentary President Joe Biden’s budget predictably has sparked intense debate. Opinions on overall spending, taxes, equity, and deficits fill financial columns. To see what is happening to the nation’s finances, it helps to step away from these politically motivated criticisms and praise of the president’s proposals and instead look at the basic structure of government…
‘Woke, Weaponized, Wasteful’ Spending Is Main Target of House GOP as Budget Battle Heats Up
March 22, 2023
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congressdebt ceilingDonald Trumpfederal spendingHouse Budget CommitteeMedicarePoliticspresident joe bidenrep. ralph normanSocial SecuritySpeaker of the House Kevin McCarthyUS
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House Republican Conference Chairman Elise Stefanik (R-N.Y.) didn’t hesitate a second when asked during the GOP congressional retreat in Orlando March 20 by Punchbowl co-founder Jake Sherman how she and her colleagues “can balance the budget without touching entitlements and mandatory spending” in 2023. “I believe that when we focus on Social Security and Medicare,…
Most People Can’t Get the Maximum Benefit
If you read a recent USA Today article, you would have seen a story with this intriguing headline: “3 steps to claiming the $4,555 max monthly Social Security benefit.” And if you are pushing retirement age, you would of course want to read that story and get yourself locked into a heaping serving from the…
Investing for Longevity
March 21, 2023
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Alternative InvestmentsBond FundsBrightbudgetingFuture Planninginvestinginvestmentspersonal financeretirementSocial Securitystock fundsstockstaxWealth Management
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By Sandra Block From Kiplinger’s Personal Finance As you approach retirement, you may be tempted to shift most of your savings to more-conservative assets. That temptation may be particularly strong in today’s volatile market. But this strategy could increase the risk that you’ll outlive your money. If you retire in your early sixties, you may…
Republican Senator Proposes Plan to Fix Social Security Solvency Crisis
As the United States continues to grapple with an uncertain economic future, Sen. Bill Cassidy (La.) has voiced concerns about the state of the country’s financial future, particularly regarding Social Security. In a recent interview with MSNBC, he warned that “a high inflation environment, in which the Fed is trying to raise interest rates to…
Change Is Nothing New to Social Security
I continually remind my readers that they shouldn’t worry too much when they read or hear reports of Social Security’s imminent collapse. Once Congress works up the nerve to deal with the issue (and once the American people accept the fact that the program needs reform), they will get around to passing amendments to the…
Disability Benefits for Senior Citizens
Many older folks are asking me about getting disability benefits from Social Security. I’ll offer some tips on how to go about doing that in a minute. But first, here are some ground rules that vary depending on your age. If you are over your full retirement age, forget about it. Once you reach that…
Socialist Security
Commentary Social Security is the third rail of U.S. politics. President Joe Biden has recently made great hay out of Rep. Rick Scott (R-Fla.) daring to even hint that this sacred program could be altered in any way, manner, shape, or form. Nor have the Republicans dared to challenge our president on this matter. Instead,…
More Questionable Advice From the SSA
I hate writing columns that are critical of some of my former colleagues who are still working for the Social Security Administration. But doggone it, if they are going to keep handing out bad advice, someone’s got to take them to task—and give the right answers to people who are seeking help about their Social…
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