Despite my hatred for Social Security it will continue to be an important part of most retirees world and way back in 2009 I discussed a social security planning opportunity that has recently been taken away by the Social Security Administration. I was shocked to discover that before December 2010 you were actually able to…
News has come out that Social Security payments will not be increasing this year for the 58,000,000 retirees across the United States. Social Security increases are known as Cost Of Living Adjustments, and social security isn’t the only one that increases because of COLA. Many pension systems, deferred compensation techniques, annuities and even some buy-sell…
Maybe the title is a little unfair, but take a look at the definition of a Ponzi Scheme by the SEC and tell me Social Security as it exists today doesn’t fit? A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors….
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