It’s safe to say that financial guru Dave Ramsey isn’t a big fan of Social Security, having called the program a “stupid thing” and a “mathematical disaster” that “robbed” him of money for decades. Therefore, it’s no surprise that Ramsey goes against conventional wisdom on the age at which folks should claim Social Security benefits. […]

The Social Security trust funds will be insolvent by Fiscal Year (FY) 2034, according to projections by the Congressional Budget Office (CBO), at which point the law calls for a 23 percent cut in benefits.1 Restoring solvency over the next 75 years would require the equivalent of reducing all future benefits by 24 percent or

The social security system is a problem for the future, and even though this is not new, or the fact that it has occurred before, this seems to be the first time that nobody appears to have the foggiest idea of how to solve it. The country is very polarised, and for any solution that

A new bill has been passed by the House of Representatives that would give larger Social Security payments to public workers who once had limited rights to the amount they would be given in benefits. The bill under discussion is House Resolution 82, or the Social Security Fairness Act, the resolution was passed with a

$243.90 Australia Cost of Living Concession: With inflation stretching the households’ budgets across the country, most AU families look for extra income to cover their cost of living. The Cost of Living Concession (COLC), as one of the schemes, is being provided by the South Australian Government to assist low-income earners, pensioners, and holders of

New Zealand has introduced a recent amendment in the New Zealand Retirement Age and Superannuation benefits where longer working time and raising the minimum age benefit from 65 to 67 years of age is a measure towards higher financial security of seniors. NZ Retirement Age Change 2024 New Zealand, as we all know, is famous

Cybersecurity incidents remain a daunting issue for Americans, given that they feel their information is not secure in any firm. The last one to make the news involves the company known as UnitedLex, which, in March of the year 2023, experienced a digital breach that saw the company lose all its customers’ data. UnitedLex is

WASHINGTON (AP) — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to

Social Security is set to announce a 2.5% benefit increase for 2025, impacting over 72 million Americans. This adjustment will raise average monthly benefits by about $50, starting in January. Although smaller than previous years’ increases, it aims to help retirees cope with ongoing inflation, which remains a concern despite recent cooling trends. What Is

If you are retiring at the end of 2024, you may have already completed and submitted your retirement applications and have begun counting down the days until your life after retirement begins. Completing the applications for retirement includes making some very important and sometimes irrevocable decisions. Here are the retirement decisions that require careful consideration