Posts Tagged ‘ social security ’

Pandemic Financial Advice

Jun 6th, 2020 | By | Category: Senior Moments Blog

Advice From Experts

We read some more articles in the May, 2020, AARP Bulletin, finding one that is particularly helpful to seniors concerned about their investments. Jill Schlesinger interviewed eight financial experts and recorded their responses in this article, Expert Advice For Volatile Times. We summarize the article here, but encourage you go to to the original and read it carefully (just click on the link in the previous text).



Social Security and the Proposed Budget

Apr 28th, 2020 | By | Category: Senior Moments Blog

When the 2021 proposed budget was released from the White House in February, 2020, we heard quite an outcry from senators and representatives. They were (rightfully) concerned about what appears to be cuts to Social Security.

SeniorCitizenJournal.com decided to take a look at the proposed federal budget, with the help of FactCheck.org, a project that comes out of The Annenberg Public Policy Center at the University of Pennsylvania. The proposed budget itself is a pretty complicated manuscript. Understanding it requires help from interpreters.

Well, the ‘proposal’ is largely an annual ritual that establishes the administration’s priorities, but is never acted on by Congress. And according to FactCheck.org, “The budget proposes reductions to the Social Security Disability Insurance and Supplemental Security Income programs, but not reductions to the retirement portion of Social Security.” That means Social Security benefits to most senior citizens will not be reduced in this budget proposal.



Celebrating 80 Years of Social Security

Jul 9th, 2015 | By | Category: Social Security & Medicare

In 1935, the United States was in the depths of the Great Depression. You saved absolutely everything you had, including string. Every household had the ball of string that you added to whenever a new scrap came along. Most Americans had very little money to live on. And senior citizens were among the people who were hit hardest. Many could no longer work, and their families were having difficulty supporting themselves, let alone trying to support Grandma and Grandpa.

Roosevelt signed the Social Security Act August 14, 1935, and it saved the lives of hundreds of thousands of senior citizens, preventing almost certain financial ruin for each one.



SOCIAL SECURITY AND MEDICARE ‘REFORM’

Sep 1st, 2013 | By | Category: Social Security & Medicare

Truth vs Distortion There is a lot of talk (hot air?) in the news media about reforming Social Security and Medicare. Some claim both systems are ‘broken’ and need ‘fixing’. Others quote the dire predictions about Social Security going ‘broke’ by 2033. Medicare is ‘socialized medicine’ and needs to be thrown to the dogs. What […]



CONGRESSIONAL DISTRICTS EXPLAINED

Jul 27th, 2013 | By | Category: Social Security & Medicare

Seniors Find Information on the Internet Ever wonder why your congress-person voted the way he/she did? Senior citizens who use the Internet a lot follow Social Security and Medicare issues, legislation affecting both programs and what writers are saying about them. Now there is another tool to help us stay in touch with the background […]



SOCIAL SECURITY BENEFITS FOR SURVIVORS

Jun 23rd, 2013 | By | Category: Social Security & Medicare

Many seniors are unaware of a Social Security benefit for survivors. That is, a surviving spouse, and children in some cases, can receive Social Security benefits when the primary beneficiary dies. So how does this work? If a surviving widow waits until full retirement age, she can get 100 percent of her deceased husband’s Social […]



JUST WHAT IS THE CHAINED CPI?

Apr 23rd, 2013 | By | Category: Senior Moments Blog, Social Security & Medicare

Every time a new concept surfaces on the national scene, there is a flurry of articles about it on the Internet. Some of what is written is obviously biased toward one political camp or another. Such is the case with the chained CPI. We thought trying to take a look at it as objectively as possible might be helpful.

First, the chained CPI is part of President Obama’s 2014 budget plan as it relates to Social Security.

Second, a number of government programs (like Social Security) calculate benefits based on the rate of inflation. Inflation is a measure of changes in the cost of living, which typically increases to one degree or another annually. There are different formula used for calculating changes in the cost of



SOCIAL SECURITY RESOURCES ONLINE

Mar 27th, 2013 | By | Category: Social Security & Medicare

Quick Links to Helpful Information It occurred to SeniorCitizenJournal.com editors that our readers might find online links to Social Security resources and information helpful. The links with a brief description are provided here: Factual (unbiased) information about Social Security–JustFacts.com Online access to Social Security information, resources and your personal account Official website of the Social […]



SOCIAL SECURITY AND THE BUDGET

Jan 26th, 2013 | By | Category: Social Security & Medicare

Social Security Does NOT Cause Budget Issues For those of you who are regular visitors on seniorcitizenjournal.com, this article will be no surprise to you.  We’ve been writing about Social Security and the federal deficit for a couple of years now.  Social Security does not create problems for the federal budget, and it does not […]



CHANGES IN SOCIAL SECURITY FOR 2013

Oct 29th, 2012 | By | Category: Social Security & Medicare

What Changes Can Seniors Expect? It’s that time of year when we seniors need to learn about the changes to our Social Security benefits for next year. What are they, and when will they take effect?  Here is a summary of the changes, and a link to the Social Security website where there is a […]