Social Security Funding
The latest news and developments affecting Social Security funding, and how legislative moves may help or hurt the program.
Biden's Payroll Tax Hike Plan: Beyond the Donut Hole
By Dan JohnsonWhile this plan has received little discussion in Washington lately, forewarned is forearmed for your high-earning clients.
June 01, 2021
Social Security Uncertainty Can Cause Costly Retirement Planning Mistakes: StudyResearchers estimated the cost to workers of waiting too long to address Social Security funding.
May 28, 2021
U.S. Federal Government Records $3.1 Trillion DeficitSocial Security payroll tax revenue and Federal Reserve contributions were up.
May 27, 2021
AARP Touts Popularity of Social Security, Medicare Amid TRUST Act ConcernsThe senior advocacy group worries the proposed TRUST Act would be used to fast-track benefit cuts.
April 21, 2021
TRUST Act Could Lead to Wide Social Security Benefit CutsSimply put, the TRUST Act is a way to cut benefits while leaving few fingerprints from individual members of Congress.
April 15, 2021
Bill Reintroduced to Shore Up Social Security, MedicareThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.
April 12, 2021
Biden Hopes to Increase Respite Care FundingHis early budget request for 2022 also includes more money for fighting HIV and opioid abuse.
April 02, 2021
Larry Kotlikoff Would Tell Biden to Scrap Social Security, Start New SystemHe'd also tell the president to make the tax system more fair to both the poor and the wealthy, he tells ThinkAdvisor.