Articles Posted in Senior Living

Introduction

Social Security’s long term financial outlook has again moved to the forefront with the release of the Congressional Budget Office’s 2026 long term projections and the Social Security Trustees’ latest annual assessment. Although the reports differ in methodology and some of their estimates, they point to the same fundamental challenge: under current law, the gap between Social Security’s scheduled benefits and the revenues available to finance them is projected to persist and generally widen over the decades ahead. This article examines the findings of CBO and the Trustees, supplemented by analysis from J.P. Morgan Asset Management, with particular attention to the projected depletion of trust fund reserves, the distinction between scheduled and payable benefits, the demographic and economic forces contributing to the financing gap, and what these projections actually mean, and do not mean, for the future of Social Security.

CBO’s 2026 Long Term Projections for Social Security

Updated. July 22, 2026

Introduction

This discussion guide provides a practical, non-technical introduction to estate planning in New Jersey, including wills, probate, powers of attorney, healthcare directives, trusts, and digital estate planning. Developed from a discussion I recently moderated, the guide is designed to encourage informed conversation and thoughtful planning rather than provide legal advice. Whether you are just beginning to think about estate planning or reviewing an existing plan, this overview offers useful questions, key concepts, and resources to help you better understand the issues involved and identify topics that may warrant professional guidance. Estate planning remains one of the most important gifts we can leave to those we care about. Estate planning is the process of deciding how your property, finances, healthcare decisions, and personal wishes will be handled during your lifetime and after your death. It is not just for wealthy individuals. Anyone who owns property, has savings, maintains retirement accounts, or wishes to provide guidance to family members can benefit from having an estate plan.

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