Former Sen. Bob Kerrey, (D-Neb.), shares his thoughts on raising the eligibility age for receiving full social security benefits. I'd probably raise it to 68 or 69-years old over the course of 30 thirty years, says Kerrey.» Read More
As the program's funds dry up and its insolvency hovers less than two years away, Congress remains quiet on the issue.
May 19- Many retirees don't maximize their Social Security retirement benefits because they start them at the wrong time or overlook more sophisticated claiming strategies.
Married same-sex couples are recognized by the federal government and some states, but couples still must watch for pitfalls.
Senator Marco Rubio, a likely Republican candidate for the White House, on Tuesday unveiled plans to give more Americans a way to save for retirement while raising the retirement age for younger workers.
A new study finds that the typical 401(k) would erase $70,000 from an average worker's account over a four-decade career.
The US is going through old records and can now seize tax refunds of the children of people it overpaid on Social Security.
NEW YORK, April 3- For years, Joanne Condon tossed and turned at night with the same thoughts running through her head. What if her retirement savings just were not enough? "The biggest challenge is the fact that it is just you," says the 56- year-old from East Rutherford, New Jersey.
Borrowers took out $15.3 billion of the loans in 2013, an increase of 20 percent from the year before, according to industry publication Inside Mortgage Finance. But at this stage, most bigger lenders are uncomfortable with the loans- for example, in 2011, Wells Fargo& Co and Bank of America backed out of the business.
NEW YORK, March 12- In the retirement planning space, there are two realities. The first consists of spreadsheets, calculators and frightening rules of thumb to guide workers and retirees in their saving and spending decisions.
Checks to Americans, for entitlements, welfare or other transfer payments, will make up 70 percent of all the money the government spends this year. Jared Bernstein, Center on Budget & Policy Priorities, and Jim Pethokoukis, American Enterprise Institute, provide perspective.
All generations of pre-retirees are facing some level of savings shortfall, but there are steps anyone can take to help build their 401(k).
President Obama has called for ending a tax loophole that costs Medicare and Social Security millions of dollars. Here's how it works.
By delaying payments, you can increase your yearly distribution by 8 percent. Diahann Lassus shares her advice on ways to maximize your Social Security distribution.
The White House said people hoping to enroll in health coverage for March 1 may have trouble applying near the deadline because of a planned shutdown.
WASHINGTON, Feb 10- The Obama administration on Monday said people hoping to enroll in health coverage for March 1 may have trouble applying by Saturday's deadline because of a planned 62- hour maintenance shutdown of a Social Security Administration computer system.
In addition, they are likely to find a high percentage of their Social Security benefits taxable. Social Security benefits are taxed under a complicated formula. For single taxpayers whose earnings, including 50 percent of their Social Security benefits, are over $25,000, 50 percent of benefits get taxed.
The IRS says last year there was a 66 percent increase from 2012 in tax fraud from Social Security identity theft of nearly $50bln in refund claims.
Former NYC police, firefighters and other city workers faked mental disabilities to defraud Social Security benefits, NBC 4 New York reports.
The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.
The Obama administration said budget negotiators in Congress would probably fail to strike a deal unless Republicans agree to raise revenues.