My holiday gift guide doesn’t include a box of chocolates or tickets for a Caribbean cruise. This is a boring old Social Security column, after all, so my gift suggestions are related to that government pension program. Near the top of my list is my absolute favorite Social Security publication. Called “Fast Facts and Figures…
Your Right to File a Claim for Benefits
Here is the bottom-line message of this column: If there is any doubt or question in your mind about your eligibility for any Social Security benefit, insist on filing a claim for that benefit. You have every right to do so. Now, let me explain this in more detail. I hear from readers all the…
Reduced Benefits Explained
Before I start today’s column — a word of warning. It’s going to involve a lot of messy math, and I don’t like math. To be more precise, I don’t like including too much math in my column because I’ve learned over the years that putting lots of numbers in a column just confuses the…
Lost Retirement Horizon: Why 401(k)s Are Not OK (and Not Just Because of the Lousy Economy)
News Analysis Fretting over your 401(k) lately? For all the current turbulence in these retirement plans—from their rocky recent market performance to asset managers’ politicization of their investments through the “environment, social and governance” agenda—the main problem lies in their flawed design decades ago, a range of retirement experts say. They say many retirees—particularly the…
Most Americans Lose $180,000 in Social Security Benefits Due to Key Mistake: Study
A new study revealed that most Americans should wait until they’re age 70 or older before they start claiming Social Security benefits or they might miss out on thousands of dollars. A study (pdf) from the National Bureau of Economic Research found that when Social Security beneficiaries claim their benefits too early, they miss out…
Don’t Overthink Social Security Starting Date Questions
I frequently get emails from readers who turn a little molehill of an issue into a big mountain of a problem, and it has to do with the starting date for their Social Security benefits. The Social Security retirement application asks a question that goes something like this: “Which month do you want your benefits…
Don’t Fall for the Ginned-Up Social Security Scaremongering
Commentary Here are two snippets from Wednesday’s New York Times piece contending that Republicans have “embraced” plans to cut Social Security and Medicare: “The fact that Republicans are openly talking about cutting the programs has galvanized Democrats in the final weeks of the midterm campaign.” “Still, the fact that key Republicans are openly broaching spending…
Watchdog Says White House May Have Illegally Deleted Tweet on Social Security Boost
A watchdog group that seeks to hold government officials accountable has called for an investigation into whether a recent tweet posted by the White House Twitter account was later deleted illegally. Protect the Public’s Trust (PPT), which seeks to expose “the self-dealing and conflicts of interest, and the improper and illegal behavior of senior officials,”…
Social Security Rules I Can’t Explain
I really get upset when readers tell me that they talked to a Social Security Administration employee hoping to get an understanding of some confusing Social Security rule and the only reply they got was this: “It’s the law.” In my opinion, that’s a bad answer. People should be given a reason why a particular…
White House Deletes Post After Getting Fact-Checked on Twitter
The White House on Wednesday deleted a Twitter post after it was fact-checked for making an inaccurate claim about the Social Security cost-of-living adjustment (COLA) that was recently announced. “Seniors are getting the biggest increase in their Social Security checks in 10 years through President Biden’s leadership,” the now-deleted White House Twitter post said. However,…
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