Category: Social Security

7 Myths About Social Security

The number of myths about Social Security abound. Some of the myths seem logical and some do not. Here’s an article that puts seven of those myths to bed. https://www.marketwatch.com/story/these-7-social-security-myths-just-arent-true-no-matter-how-often-you-hear-them-2019-08-27

Social Security Trust Funds Gain $3 Billion

Once a year the Social Security Trustees report to Congress on the status of the Social Security system. They reported that the Trust funds gained $3 Billion in 2018. The net effect of that gain is that the combined asset reserves of the Social Security system is now projected to become depleted one year later […]

Social Security Is Shortchanging Widows and Widowers

It is important to know that Social Security employees are not allowed to give you advice. By not knowing your maximized Social Security strategy prior to filing for benefits, you could lose literally hundreds of thousands of dollars. Here is an example of what has happened to many widows and widowers who did not file […]

Social Security Reports – In The Mail

The Social Security Administration has announced it’s third policy change since 2011 regarding the mailing of annual of individual Social Security reports. They have cut back on who receives the reports by mail, and the reason is to cut costs. I’m glad they’re cutting costs where they can. ¬†Here’s an article that explains the latest […]

Will Social Security Be There For Me?

It seems as though anyone who has thought about their income in retirement has asked whether Social Security will be around after they retire. I think there are three important points in regard to this question. First, there are several options for fixing the system. This article http://www.bloomberg.com/graphics/2016-saving-social-security/¬†provides an excellent layout of the available options […]