Mary Johnson, editor Every year, I take a look at how the Social Security cost of living adjustment (COLA) compares with the rise in average retiree costs. Data that I collect for my report on the buying power of Soc ...
Category: Issues
A Coronavirus Caused Recession Could Eliminate Next Year’s COLA
Older Americans have the highest health risk from the coronavirus and now the coronavirus-caused economic recession, along with falling oil prices, put the next Social Security cost-of-living adjustment (COLA) in jeopard ...
How the Corona Virus Affects Social Security
The abrupt and severe contraction in the U.S. economy caused by the coronavirus has far-reaching consequences for Social Security. Twenty million workers filed claims for unemployment between March 15, 2020 and April 17 ...
Ask the Advisor: April/May 2020
I’m Entitled to a Pension for Work as a City Cop… Should I Continue to Pay Into Social Security for Other Work I am Doing Now? Q: I worked in a California city police department for 30 years and I’m now entitled t ...
Q & A: April/May 2020
How Much May I Earn in the Year I Turn Full Retirement Age? Q: I turn 66 in August of next year, and plan to start Social Security retirement benefits. How much may I earn in 2021 without reducing my benefits? A: ...
Benefit Bulletin: April/May 2020
What’s Retirees’ Biggest Concern About the Future of Social Security? A $300 Benefit Cut By Rick Delaney, Chairman of the Board There’s a discussion about Social Security that we haven’t yet heard much about f ...
Q & A: March/April 2020
What is the full retirement age for Social Security? Q: I turn 61 this year and I’m still employed. I’ve read about waiting until my full retirement age before starting Social Security benefits. Is that 66? Do I e ...
What It Looks Like to Live on Just Social Security — (It’s Not Pretty)
Forty-three percent of respondents say they do not have any retirement savings according to a recent TSCL survey. This sobering finding is actually a slight improvement from a 2017 estimate by the U.S. Government Accoun ...
Ask the Advisor: March/April 2020
Do Healthcare Costs Grow Faster Under Medicare Than Under Private Insurance? Q: Which type of insurance has been better at controlling healthcare costs? Medicare or Medicare Advantage? How does this affect my healt ...
Benefit Bulletin: March/April 2020
What to do When You Can’t Afford Medicare Premiums By Rick Delaney, Chairman of the Board Medicare Part B premiums jumped $9.10 per month in 2020 — one of the biggest increases in recent years. While the Social Se ...
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