RSSA in the News
View our latest press releases and features in the news and media.
U.S. News & World Report | Here’s How Much Money You Could Lose if Social Security Goes Bankrupt
Published: September 26, 2024
“Social Security cannot go bankrupt. Ever. If bankruptcy means that the program will run out of money, it is not possible,” said Martha Shedden, president of the National Association of Registered Social Security Analysts, based in Melville, New York, in an email. “Retirees are being paid partially right now using a surplus of trust funds that have been built up since the 1983 amendments,” she said, adding that the surplus is what the Social Security Administration says will run out in the next decade or so. “However, the program is a pay-as-you-go system with workers paying in what is needed for retirees to be paid their benefits,” Shedden said. “There will still always be workers paying into the system, but there are not enough workers per retiree, meaning that the payments will not be enough to fund 100% of retiree benefits as the laws and rules are now written.”
Read MoreInsuranceNewsNet | Consumers turn to advisors for answers on Social Security
Published: September 20, 2024
Thomas Drapala, director of strategic partnerships with Registered Social Security Analysts, spoke at the National Association of Insurance and Financial Advisors Apex conference about why advisors must position themselves as Social Security experts. Social Security “is relevant to every American,” he said. “Nearly all Americans pay into it. Nearly all Americans will claim it.” More than 67 million Americans receive Social Security benefits, he said, “showing the vast reach and importance of the program for financial advisors.”
Read MoreGo Banking Rates | 4 Ways a Lower Social Security Age Might Help You — and 4 Ways It Might Not
Published: September 9, 2024
Martha Shedden, president and co-founder of the National Association of Registered Social Security Analysts, explained to GOBankingRates in an email that while some people might want to start collecting their retirement benefits earlier than age 67, usually, there aren’t talks about lowering the retirement collecting age. “This is because most of the media, and those of us helping clients with their Social Security, are focused on the solvency of the Social Security trust funds — specifically, not being able to pay full benefits if changes are not made to the program by 2033/2034,” Shedden explained.
Read MorePublished: August 27, 2024
LeadStar, the proprietary, private leads platform created with and exclusively for AmeriLife-affiliated agents, announced today that it has partnered with Registered Social Security Analysts (RSSA), a premier organization dedicated to advancing Social Security advisory skills, to offer a new feature to the ever-expanding LeadStar platform and its diverse offerings available…
Read MorePublished: August 25, 2024
Many experts, however, argue that this is not a correct metric to use to gage inflation changes for the purpose of Social Security benefits — and that, in turn, these benefits are taking a major hit. For instance, Martha Shedden, president and co-founder at the National Association of Registered Social Security Analysts, called the use of the CPI-W an “unrealistic representation of what retirees spend money on.” As she explained, there has been a push to instead use another index, the consumer price index for elderly (CPI-E), which is designed to reflect the spending patterns of households with individuals age 62 or older more accurately…
Read MoreBottomLineInc | 4 Reasons to Take Social Security Benefits Early
Published: August 23, 2024
RSSA President & Co-Founder, Martha Shedden contributes a story to BottomLineInc. She writes about four potential reasons to claim benefits early.
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