The recommendation that people should put more money aside in investments is bleeding savers dry. The NYT reports.» Read More
NEW YORK, Nov 5- Having your own tax-deferred retirement account is a bit like having one of those self-titrating morphine buttons that hospitals use: Press it whenever you need quick relief. That's especially true for early retirees trying to decide when to start Social Security, how to pay for health care and more. If you are buying your own health insurance via...
WASHINGTON, Oct 22- The U.S. government will increase benefits for the swelling ranks of American retirees by 1.7 percent next year, the Social Security Administration said on Wednesday. The cap on earnings subject to Social Security taxes will also rise in January, based on the increase in average wages, the administration said. Workers will pay Social Security...
Monthly benefits for nearly 64 million Americans will increase 1.7 percent in 2015, the Social Security Administration announces.
Credit cards are in focus after recent data breaches, but a real culprit in ID theft is the SS number, says the chief analytics officer at LifeLock.
CNBC's John Harwood reports the details from the Social Security & Medicare Trustee Report, which informs Medicare will have sufficient funds until 2030, and disability insurance within social security will be insolvent in late 2016.
Slower growth in healthcare spending is shoring up the funding outlook for the federal Medicare program that covers hospital bills for the elderly.
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.
A crisis of GM proportions awaits the US if we don't fix some big problems like tax reform and Social Security, says Loews co-chair Andrew Tisch.
Americans are worried about their retirement savings, as the once-dependable foundation has crumbled. The Fiscal Times reports.
As the program's funds dry up and its insolvency hovers less than two years away, Congress remains quiet on the issue.
Married same-sex couples are recognized by the federal government and some states, but couples still must watch for pitfalls.
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.
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.
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.