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Social Security Cuts Frighten Seniors

By Ken Marks | September 2, 2013 |

For a while now the government has been flirting with the idea of adapting to a CPI. Problem with this is that a CPI is a way of determining Social Security cost-of-living increases believing that senior citizens will alter purchasing habits with inflation. This is a mighty darn scare for seniors. And Sheryl Tenicat, one…

Does the Social Security Administration Have a Good Accuracy Rate?

By Ken Marks | August 29, 2013 |

Valdosta, Lowndes County, Georgia. Photo: Michael Rivera    There have been buzzing rumors of Social Security benefits being distributed to the wrong people, as well as reports of people committing Social Security fraud.  The Wall Street Journal has also made it clear that over 1,500 deceased were receiving a total of $31 million in benefits.…

Don’t Just Give Away Your Social Security Number

By Ken Marks | August 26, 2013 |

Don’t fall into the trappings of identity theft.  Many folks hand off their Social Security numbers left and right as if they were handing out a business card.  Not too wise, is it? Recently Gap Inc. sent out employee files containing their Social Security numbers to a costumer without realizing it.  Pandemonium ensued. Aaron Messing,…

Why Social Security Issues Must be Remedied

By Ken Marks | August 22, 2013 |

Yeah, we need to fix our Social Security system.  There are millions of reasons why, but, hey, you know what the top three most important are? Well, for one, Social Security is broke and it’s no joke.  The way things are going SS is dishing out more in benefits than they are bringing in via…

The Truth About Social Security

By Ken Marks | August 19, 2013 |

Photo: WikiMedia Commons   If you only knew the mechanics behind Social Security. Many of you out there – actually a third of workers – expect to receive Social Security benefits when hitting the retirement age.  You expect SS to be your primary source of income. Guess what? The Social Security Administration has gone on…

Why Obamacare Assists the Elderly

By Ken Marks | August 15, 2013 |

The Patient Protection and Affordable Care Act (PPACA), known as Obamacare in certain circles, is currently running campaigns featuring an entourage of actors, musicians and athletes urging folks to sign up for the health insurance program. So if you’re a retiree, what does signing up for Obamacare mean for you? Well, Medicare is improved by…

Unemployment Affects Future Social Security Pension

By Ken Marks | August 13, 2013 |

Unemployment seems to be improving at this point in the year, but did you know how much it actually affects Social Security benefits? A lot of people don’t know this, but if you’re one of those who are taking advantage of unemployment and lazily looking for a job, then your future Social Security benefits may…

Should You Root for Obamacare?

By Ken Marks | August 7, 2013 |

So Obama care is underway and a plethora of celebrities are telling you to sign up to the health insurance program?  But why should you? If you’re an employer the mandate will make you pay a fine of $2,000 per full-time worker if any of your employees get premium tax credit through the new health…

Deficit War = Social Security Checks in Limbo

By Ken Marks | August 5, 2013 |

Turmoil strikes. According to President Obama Social Security checks may not reach pertaining retirees on August 3rd if Democrats and Republicans can’t kiss and make-up on deficit stance. Obama states, “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money…

Same-Sex Marriage Social Security Benefits Creates Confusion

By Ken Marks | August 1, 2013 |

Bikeworldtravel / Shutterstock.com Bewilderment strikes! Just last week the US Supreme Court overturned the Federal Defense of Marriage Act which means Social Security benefits have now been extended to same-sex couples.  But qualifying for these benefits can get kind of muddy. Economics professor and Social Security expert Laurence Kotlikoff sheds some light: “You only have…