Dear Savvy Senior: I've heard that there are strategies available that can help married couples increase their Social Security benefits when they retire. My wife and I are approaching retirement age and would like to understand these options. What can you tell us?
Whether your Social Security benefits are garnishable or not depends on who you owe. Banks and other financial creditors, for example, can't touch your Social Security checks. But if Uncle Sam is collecting on a debt, some of your benefits are fair game. Here's what you should know.
Social Security is 100% wholly funded up to the year 2036 without any changes whatsoever. It has no place in the debt ceiling debate at all. Furthermore, it is not the government's money but the money of the workers who have paid into the program their entire lives.
The president has been playing some transparently thin cards in this game of poker, including his melodramatic -- but highly questionable -- hint that Social Security checks would be interrupted on August 2.