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Social Security Benefits

Social Security Trust Fund Exhaustion: A Moving Target

Jared Bernstein | Posted 06.24.2012 | Politics
Jared Bernstein

When the trustees of the Social Security and Medicare programs release their annual reports, one of the first thing folks look for is whether the life of the trust funds that finance these retirement security programs have been extended or reduced. Well, the reports came out on Monday, and the key takeaway from where I sit is that these remain critically important programs whose future can and should be ensured by policy actions designed to enable both programs to continue to provide retirement security for generations to come. As with so much else in our fiscal and economic landscape these days, the best thing to do in the near term is everything we can to get the recession behind us and get back on a stronger growth path.

A Young Person's Debate

Alex Wirth | Posted 05.14.2012 | Politics
Alex Wirth

Young people are worried Social Security will not be there for them and are looking for other options to ensure their future economic security. My generation doesn't want to be paying into a system from which we won't receive anything.

Taking Social Security's Best Deal

Laurence J. Kotlikoff | Posted 05.12.2012 | Money
Laurence J. Kotlikoff

Over lunch the other day, a friend told me, out of the blue, that I wouldn't believe how complicated Social Security benefit-taking rules are. He then told me he'd figured out how to get the most from the system for himself and his wife Karen.

Proposed Social Security Chained COLA Not Ready for Prime Time

Merton Bernstein | Posted 05.07.2012 | Politics
Merton Bernstein

Until the necessary procedures are designed, tested, and proven feasible , chained COLA will not be ready for prime time. Even then, it would reduce benefits and impose harm without adequate justification.

2 Secrets The Social Security Administration Won't Tell You

The Huffington Post | Ann Brenoff | Posted 03.05.2012 | Fifty

Navigating Social Security benefits takes more than a compass. And don't expect a lot of help from the Social Security Administration. But that do...

Social Security: Mitch Daniels and the Millionaires' "Means Testing" Scam

Richard (RJ) Eskow | Posted 04.03.2012 | Politics
Richard (RJ) Eskow

The means-testing proposal is a Trojan horse. It uses anti-millionaire rhetoric to create the machinery for denying benefits to rich people, but its backers will then use that machinery against most Americans.

The Simple Money Move That Could Save Social Security

Posted 01.21.2012 | Fifty

(Courtesy Daily Finance) It's hard to be optimistic about Social Security. With many experts pointing to Social Security's imminent collapse and p...

To Maximize Retirement Benefits, Know The Rules | Posted 01.20.2012 | Fifty

(Reuters) - When the oldest baby boomers start turning 66 this year, they'll be eligible to file for full Social Security benefits. But pollsters say ...

Disability Benefits Last Chance For Jobless To Survive

The Huffington Post | Bonnie Kavoussi | Posted 12.28.2011 | Business

As more jobless people run out of unemployment insurance, they are turning to a last resort to make ends meet: government disability benefits. Two ...

Why 2012 Is a Huge Year for Retiring Boomers

Ann Brenoff | Posted 05.17.2012 | Fifty
Ann Brenoff

Nota bene: 2012 is a critical year on the Baby Boomers' timeline. In 2012, the oldest boomers will turn 66, the magic age at which they can claim the whole enchilada of the Social Security benefits they have earned and, as an added topping, the penalty for working and collecting benefits goes away. Big news, right? Maybe, maybe not.

What Social Security Gets You: A Minimum-Wage Lifestyle | Posted 12.21.2011 | Fifty

Millions of senior citizens breathed a sigh of relief when the Social Security Administration announced that due to inflation it would be increasing p...

New Poverty High: Revised Census Formula Shows 49.1 Million

AP | By HOPE YEN | Posted 01.07.2012 | Impact

By HOPE YEN, Associated Press WASHINGTON -- The ranks of America's poor are greater than previously known, reaching a new level of 49.1 million - or ...

New Social Security Proposal Has Senior Groups Up In Arms

AP | STEPHEN OHLEMACHER | Posted 01.07.2012 | Politics

WASHINGTON — Just as 55 million Social Security recipients are about to get their first benefit increase in three years, Congress is looking at ...

Does the Religious Right Really Care about Children?

Nathaniel Frank | Posted 12.28.2011 | Gay Voices
Nathaniel Frank

In anointing themselves the champions of "family values" and protectors of vulnerable children, religious conservatives have had little to say when confronted with the undeniable existence of actual gay families -- particularly kids with LGBT parents.

Social Security Recipients Praise Raise

AP | MATT SEDENSKY | Posted 12.21.2011 | Politics

WEST PALM BEACH, Fla. — For some, the just-announced increase in Social Security checks amounts to an extra meal out, a little more cash for clo...

Half Of Young People Don't Expect To Get Social Security

Posted 05.02.2013 | Business

In the eyes of half of America's youngest voters, the American dream of government-funded retirement is slipping away. Half of Americans between th...

You Can Take It With You: Dead Federal Retirees Paid Millions Annually, Report Finds

Washington Post | By Ed O’Keefe | Posted 11.23.2011 | Politics

The federal government pays out millions of dollars to dead people each year -- including deceased retired federal workers, according to a new report....

Why Social Security Is Still the Third Rail

Martin Nolan | Posted 11.14.2011 | Politics
Martin Nolan

In the most recent Republican debate, Perry said he wanted "a conversation." That's usually when candidates get into trouble.

Social Security Advocates Worry About Obama's Tax Proposal

AP | By ALAN FRAM | Posted 11.13.2011 | Politics

WASHINGTON -- Some Social Security advocates fear that President Barack Obama's desire to cut taxes supporting the program will undermine its vaunted ...

The Social Security Conundrum Explained

Paul Heroux | Posted 10.22.2011 | Politics
Paul Heroux

But how can drastic action be necessary when the Social Security trust fund reportedly has over $2.4 trillion in it at present? This is a misleading sleight-of-hand. Here is how.

Social Security Disability Program On Brink Of Insolvency

AP | STEPHEN OHLEMACHER | Posted 10.21.2011 | Politics

WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security's disability program with benefit claims, pushing the financia...

Elise Foley

Perry Backs Off Social Security 'Ponzi Scheme' Comments | Elise Foley | Posted 10.19.2011 | Politics

WASHINGTON -- Texas governor and Republican presidential candidate Rick Perry recently walked back his claims that Social Security is a "Ponzi scheme,...

Elise Foley

Super Congress Member Fred Upton: No Cuts To Social Security Benefits | Elise Foley | Posted 10.18.2011 | Politics

WASHINGTON -- Deficit super committee member and Republican Rep. Fred Upton (R-Mich.) said Tuesday he will oppose any Social Security benefit reductio...

Feldstein's Folly on Social Security

Merton and Joan Bernstein | Posted 10.12.2011 | Politics
Merton and Joan Bernstein

Martin Feldstein makes it sound as if Social Security is doomed to failure by demographic changes. But that's far from the case. A series of modest changes, which have wide support, would assure Social Security's future.

Compromises, Compromises

Carolita Johnson | Posted 09.30.2011 | Politics
Carolita Johnson

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