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Social Security Benefits

Take a Close Look at Social Security in 2016

Nathaniel Sillin | Posted 01.14.2016 | Business
Nathaniel Sillin

Any change to Social Security warrants attention, but there was enough activity late last year to require close reading and maybe a little additional planning if you're getting close to retirement age.

Who Qualifies for Social Security Disability Benefits?

Carrie Schwab-Pomerantz, CFP | Posted 12.14.2015 | Business
Carrie Schwab-Pomerantz, CFP

I wish there was a quick and easy answer to your question, but unfortunately there's nothing quick and easy about Social Security disability benefits (SSDI). There are a lot of rules and regulations regarding these benefits, and it's tough to qualify for them.

Social Security: Government Should Protect and Expand Benefits, Not Pocket Them

Nancy Altman | Posted 12.11.2015 | Politics
Nancy Altman

Many see student debt as a young person's problem, but it affects all generations. People ages 65 and older owe $18.2 billion on student loans. People ages 75 and older owe around $2 billion on outstanding student loans. As the population ages, the amounts owed by those age groups are increasing rapidly.

Social Security, Ponzi Schemes and Why the Government Isn't 'Stealing' Your Money

The Conversation US | Posted 11.11.2015 | Politics
The Conversation US

Two points were made in the October debate that deserve scrutiny. One was voiced by several candidates, from Senator Rand Paul to Governor Chris Christie: Namely, that the government has been "stealing" from Social Security. The other is that Social Security is a giant Ponzi scheme Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works.

Does an Ex-Spouse Qualify for Survivor Benefits?

Carrie Schwab-Pomerantz, CFP | Posted 11.13.2015 | Divorce
Carrie Schwab-Pomerantz, CFP

As with anything to do with Social Security, there's more to consider. So let's start by going over the basics; then we can explore some scenarios that may help you maximize your benefits.

Social Security's 2016 COLA Is Zero. Senator Warren Has a Plan to Fix That.

Nancy Altman | Posted 11.06.2015 | Politics
Nancy Altman

By closing the "performance pay" loophole, Senator Warren's proposal would end a giveaway to the wealthiest in order to provide an extremely well-justified payment to tens of millions who have seen the value of their benefits slowly deteriorate for years.

Taking Social Security at 62: Is It a Good Idea?

Carrie Schwab-Pomerantz, CFP | Posted 10.20.2015 | Business
Carrie Schwab-Pomerantz, CFP

I'm turning 62 this fall and looking forward to starting Social Security. My good friend told me it's better to wait, but I'm eager to supplement my income. How do I decide?

3 Silver Linings To Social Security Beneficiaries Not Getting A Raise

The Huffington Post | Ann Brenoff | Posted 10.20.2015 | Fifty

For the third time since 2010, Social Security recipients won't be getting a cost of living adjustment in 2016, according to a blog post by...

Social Security's Viagra Benefit for Kids

Jim T. Miller | Posted 10.19.2015 | Fifty
Jim T. Miller

It's true. If you're retired and are still raising young children, there's a little-known Social Security benefit dubbed the "Viagra benefit," that can put some extra money in your family coffers.

6 Social Security Tips Everyone Should Know

Michael Lazar | Posted 10.15.2015 | Fifty
Michael Lazar

Social Security can be obscure and confusing. If you have ever tried to read through the countless pages of obfuscating text, then you would most certainly agree.

Huge Premium Increase Likely For Millions With Medicare

Diane Archer | Posted 09.16.2015 | Fifty
Diane Archer

Every year but two for the last 40 years, people have seen a cost-of-living increase in their Social Security checks, an inflation adjustment. But, they will see no increase at all in their Social Security benefit in 2016.

Women and Social Security

Bobbie Brinegar | Posted 09.02.2015 | Politics
Bobbie Brinegar

Today -- 80 years after FDR signed the Social Security Act -- Social Security continues to be one of the nation's most successful, effective, and popular programs. It's by far the most effective anti-poverty program in the United States.

Here's What Social Security Will Look Like by the Time Millennials Retire

GOBankingRates | Posted 08.21.2015 | Money

Since millennials don't know how much government support they will have during retirement, they need to start saving now. Here are a few good retirement savings tips: Pay off all debt first to avoid accruing interest and put money into an IRA automatically.

Filing for Ex-Spouse Social Security Benefits: Does Your Ex Have to Be Involved?

Carrie Schwab-Pomerantz, CFP | Posted 08.21.2015 | Divorce
Carrie Schwab-Pomerantz, CFP

Unfortunately, if you aren't in touch with your ex and don't know his PIA, you won't know exactly what your spousal benefit will be until you file. The Social Security Administration (SSA) can't tell you anything in advance.

Social Security: Many Happy Returns

Christopher Brauchli | Posted 08.20.2015 | Politics
Christopher Brauchli

More and more baby boomers are attaining retirement age and qualifying for Social Security payments, and Social Security is finding itself having to support a lot more people than it anticipated. The result is that by 2033 the Social Security trust fund will be depleted.

Social Security's Past, Present and Future

Ben Veghte | Posted 08.14.2015 | Politics
Ben Veghte

It is likely that a very large share of American households will have little besides Social Security to rely on in old age, and that a significant share of seniors will forgo retirement altogether, taking us closer to the circumstances that reigned before Social Security's passage.

5 Things Same-Sex Couples Need To Know About Social Security

The Huffington Post | Ann Brenoff | Posted 07.15.2015 | Fifty

Until the recent U.S. Supreme Court ruling requiring states to recognize same-sex marriages, Social Security was a crapshoot for gay couples. The Soci...

Social Security Questions: Where Can You Get Good Advice?

Carrie Schwab-Pomerantz, CFP | Posted 07.13.2015 | Business
Carrie Schwab-Pomerantz, CFP

I don't believe that the Social Security Administration (SSA) is out to intentionally mislead us, but the system is extraordinarily complicated. And of course it's always possible that an agent will misinterpret your question or even make a mistake.

5 Ways Women Are Getting Screwed In Retirement

The Huffington Post | Ann Brenoff | Posted 09.23.2015 | Fifty

The pay gender gap lives on, even in retirement. Here are five ways women get screwed in retirement -- and some tips about how to lessen the sting. ...

The Extinction of the American Dream

Dustin DeMoss | Posted 07.08.2015 | Politics
Dustin DeMoss

The poor are confronted with two choices: stay poor or get poorer. Here's why the American Dream is a continuing nightmare for so many.

How Well Do Individuals Understand Social Security (And Its Overseas Counterparts)?

David H. Bailey | Posted 06.25.2015 | Business
David H. Bailey

Given the disappointing performance of most 401(k) accounts, the Pension Research Council estimates that more than half of U.S. retirees will rely on Social Security for more than 50 percent of their total income.

Can You Pass This Very Basic Test About Social Security?

The Huffington Post | Ann Brenoff | Posted 06.16.2015 | Fifty

Despite Social Security being the backbone of most Americans' retirement, we have a tremendous lack of basic knowledge about the program and its benef...

5 Social Security Tips To Get Ahead Of The Game

Michael Lazar | Posted 11.21.2015 | Fifty
Michael Lazar

Social Security can be a confusing system to understand. We'll help you make more sense of your options with these five helpful tips. A lot of peop...

Divorced? You May Be Able To Tap Your Ex's Social Security Benefit

Buck Wargo | Posted 06.02.2015 | Fifty
Buck Wargo

You may not have spoken to your ex-spouse in a decade (and have no interest in doing so!) but, even 10 years or more after your divorce, you could actually benefit from it financially. And most people don't even know it.

Social Security Offers Lump Sum Payouts to Retirees

Jim T. Miller | Posted 06.06.2015 | Fifty
Jim T. Miller

There are actually two different kinds of Social Security claiming strategies that can provide retirees a big lump-sum benefit, but you need to be past full retirement age to be eligible, and there are financial drawbacks you need to be aware of too.