On May 7, 2025 Frank Bisignano was sworn in as the new Social Security Commissioner. Mr. Bisignano comes from Fiserv, a leading global payments and financial tech company, where he served as Chairman & CEO.
Social Security is introducing a way for my Social Security account holders to access their number & card, digitally, so it is not necessary to carry around their Social Security card. Beginning this summer it will be possible to access the number in a secure manner for purposes other than dealing with the Social Security…
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
The annual report of the Social Security & Medicare Trustees has a bit of good news. Due to the strong economy, low unemployment & wage growth the insolvency date for the combined retirement and disability trust funds is up a year to 2035.
Without changes the benefits payable at that time would be 83% of what’s been promised. In other words, benefits would be reduced 17%.
For about half of seniors Social Security supplies at least 50% of their income. For 25% of seniors Social Security accounts for at least 90% of their income.
Proposed fixes include bumping up payroll taxes from the 12.4% split 50-50 by employees and employers, raising the retirement age for younger workers, adding a means test or raising the cap on how much of a worker’s income is subject to Social Security tax. The current limit is $168,600 per year.