Retirement Expert Bill Losey Explains Recent Developments Regarding Social Security

Bill Losey, America’s Retirement Strategist® and 401(k) rollover expert, published a new blog discussing recent changes to Social Security Benefits.

Saratoga Springs, NY. – March 6, 2013 – Bill Losey, author and retirement expert and advisor, recently published a blog discussing some of the recent changes to Social Security and how these changes could effect your retirement income planning. In this blog, found on his website, titled “The Latest Info On Social Security”, Bill explains how Medicare, the sequester and taxes could affect social security income and offers several solutions that America lawmakers could implement to help fix the problems found within the system.

Bill explores six main points in this blog:

  • Medicare premiums are eating into COLA
  • Social Security’s retirement earnings test amounts have also risen
  • Part of your Social Security benefits may be taxed
  • The Social Security wage base is 3.3% higher for 2013
  • How will the sequester cuts affect Social Security?
  • What about Social Security’s projected long-range shortfall?

On the sequestration question, Bill writes, “There will be no reduction in Social Security, Supplemental Security Income, Veterans Affairs or SNAP benefits under such circumstances. However, the Social Security Administration may suffer budget cuts that result in reduced hours (or closed doors) at its offices and an even longer wait to process disability claims. The sequester cuts will not affect Medicare or Medicaid benefits either, though Medicare payments to doctors face a 2% cut.”

Bill explains some of the problems that lie ahead for the Social Security program: “Social Security projects that it can tap its surplus of roughly $2.7 trillion to pay 100% of scheduled retirement benefits through 2032. Yet in 2010, it began paying out more than it took in, a condition that may last for decades thanks to the aging of the baby boomer demographic. Because of this reality, Social Security’s trustees have forecast a $623 billion deficit for 2033, expanding to $1 trillion by 2045 and almost $7 trillion by 2086.”

How does America fix that? Bill discusses many of the proposed solutions throughout the blog. Learn what these are and more by reading the entire blog at

Bill Losey is a nationally known and respected retirement expert, specializing in 401k rollover advice, self-directed IRA rollovers, 401k direct rollovers, and many other investment and retirement strategies.  Bill’s company, Bill Losey Retirement Solutions, LLC, is an independent registered investment advisory firm that caters primarily to couples as well as divorced and widowed women nationwide (age 50-80) who demand objective financial and retirement advice; customized, fee-only investment management; attention to detail; and impeccable service.

Other recent blogs written by Bill Losey include “Is Now The Time To Refinance Your Mortgage?”, “The Right Beneficiary”, and “Common Deductions Taxpayers Overlook,” among others.

Each issue of Bill Losey’s award-winning free weekly email newsletter, Retirement Intelligence®, reveals how-to-articles, secrets, investment ideas, a “Joke Of The Week”, fitness and diet tips, and promotes upcoming seminar dates to keep subscribers “in-the-know.”  Bill and his staff seek to provide informative and entertaining information readers can use to simply and confidently enhance their health, wealth and happiness.

To learn more about Bill Losey Retirement Solutions, please visit and

About Bill Losey, CFP®, CSA
America’s Retirement Strategist®

Bill Losey, CFP®, caters to women and couples (age 50-80) who seek to reduce post-retirement risk and generate a predictable, sustainable, increasing stream of retirement income they won’t outlive.  As a qualified professional in the areas of retirement strategies, personal finance and investment management, Bill has been seen and heard on hundreds of TV and radio stations such as FOX News, NPR, CBS News, CNBC, Business Week, TIME, AARP, U.S. News & World Report, and Oprah & Friends.

Bill has over 20 years experience in the financial services industry and is a Certified Financial Planner™ practitioner and Certified Retirement Coach.  He is the owner of Bill Losey Retirement Solutions, LLC, a fee-based registered investment advisory firm serving a small nationwide clientele.  Bill is the author of Retire in a Weekend! The Baby Boomer’s Guide to Making Work Optional and he publishes Retirement Intelligence®, a free, weekly, award-winning newsletter that reaches over 5,000 subscribers worldwide.  Formerly, Bill was the “resident retirement expert” on CNBC’s “On the Money” television program.

In his leisure time, Billy, as his friends call him, loves to sing.  He is an accomplished vocalist and has performed the National Anthem at Madison Square Garden, the Pepsi Arena, and other sporting venues.  Currently Bill is the lead singer of a vocal duo called The New York Lounge Lizards. He has been married for nearly 25 years to his wife Tori.  Together they have three sons, two dogs, and one fish.

Learn more at or by calling 518-581-1666.

Posted Under: Bill Losey