The Social Security system is experiencing a financial crisis and the rules may have to change. I am sure you have all heard about the challenges in general, but now there is finally a tool that looks at your individual situation to help forecast the likelihood and impact of potential Social Security reductions in the future. How We Got Here Watch the quick video to … [Read more...] about What Is Your Social Security Risk Score?
Social Security
Social Security Changes for 2021
If there is one thing constant about Social Security, it is change. Here is what you need to know about Social Security in 2021. The Good News: 1) 2021 will bring a significant Cost-of-Living Adjustment for Social Security Legislation enacted in 1973 provides for Cost-of-Living Adjustments (COLAs) to Social Security and Supplemental Security Income (SSI) benefits in order … [Read more...] about Social Security Changes for 2021
COVID-19 May Bring Social Security Closer To Insolvency
Social Security Administration's 2020 Annual Report The Social Security Administration (SSA) has released a new report indicating that it expects the program to hit insolvency in 2034. Furthermore, Chief Actuary of the Social Security Administration, Stephen Goss believes that insolvency could occur as soon as 2023 if nothing is done to prevent a further recession or if … [Read more...] about COVID-19 May Bring Social Security Closer To Insolvency
Social Security Changes for 2020
If there is one thing constant about Social Security, it is change. Here is what you need to know about Social Security in 2020. The Good News: 1) 2020 will bring a significant Cost-of-Living Adjustment for Social Security Legislation enacted in 1973 provides for Cost-of-Living Adjustments (COLAs) to Social Security and Supplemental Security Income (SSI) benefits in order … [Read more...] about Social Security Changes for 2020
The History of Social Security Technology in the United States
The Systems Story - Social Security The documentary, The Systems Story, discusses the movement from punch cards, to magnetic tape, to discs and the computer-based automatic data processing that the Social Security Administration has adopted over the course of its lifetime. Advancements of the Social Security Administration The Social Security Administration(SSA) oversees the … [Read more...] about The History of Social Security Technology in the United States