David Asman: “RIGHT NOW the government is grabbing money from seniors’ Social Security accounts to pay for politicians’ spending sprees.”

This is money taken every week from your paycheck that the government guarantees is placed safely in a lockbox until you retire. But that lockbox has been cracked open, and the government is now stealing my parents’ money…and I assume the money of a lot of other retirees, as well. This has to stop. Earlier… Continue Reading

Beware of scam targeting Social Security beneficiaries

Beware of scam targeting Social Security beneficiaries

  The Social Security Administration is warning all Social Security recipients to keep on the look-out for fraudulent callers impersonating Social Security Administration employees. Acting Inspector General of Social Security, Gale Stallworth Stone, issued an official fraud advisory yesterday warning anyone who receives a phone call from an SSA “employee” asking for personal information to… Continue Reading

A quick guide to consumer price indexes

A quick guide to consumer price indexes

What is a consumer price index? The U.S. Bureau of Labor and Statistics (BLS) determines Social Security cost-of-living adjustments (COLAs) each year using establishedconsumer price indexes (CPIs). CPIs are systems by which our government can measure price changes in several different spending areas for a particular demographic or for American consumers in general. Together, these… Continue Reading

Retirement income and expenses: are our benefits and savings enough?

Retirement income and expenses: are our benefits and savings enough?

Income The Pension Rights Center reports in 2014/2015 retirees received income from five primary sources. Percentages are based on retired couples age 65 and older: Social Security:  84% Assets:  62% Pensions:  37% Earnings:  29% Public assistance:  4% According to NewRetirement, average and median income in these areas for a retired couple 65 and older looks… Continue Reading

The “longer lives” myth and how it’s being used to gut your benefits

The life expectancy is much longer today than it was when Social Security was created.                                                              Virginia Foxx, R-NC  Most people understand life expectancy has changed since Social Security started in 1937 when folks lived to be 59 years old. Today, they live to be 77 years old.      … Continue Reading