Tag: social security

No, Social Security Is Not a Ponzi Scheme

Lately, I’ve been hearing the same question from clients and readers alike: “Is Social Security even going to be there in five years?” Fueling this concern is a recent viral comment from Elon Musk, who told Joe Rogan that Social Security is “the biggest Ponzi scheme...

The $182,000 Social Security Mistake That Could Limit Your Retirement

Next year, I’ll be turning 70. One of the things I look forward to is getting my first Social Security check. My patience in waiting this long to file for benefits will pay off—literally. My monthly benefit will be 50% larger than it would have been had I claimed at...

Social Security Was Not Created As A Retirement Safety Net

Strikes and protests in France over recent months at times brought the country to a standstill. The reason? The government under President Macron increased the retirement age from 62 to 64. The U.S. had a similar wave of protest in 2011 when Speaker Paul Ryan...

Look Beyond Alarming Social Security Headlines

If you are in your 50s or 60s, you may have reacted with concern to the numerous recent news reports about the August 31, 2021, annual report from the Social Security Board of Trustees on the long-term financial status of the Old-Age and Survivors Insurance and...