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Social Security

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  • Two New Fed Members Sworn In; New Aid Considered Monday, 4 Oct 2010 | 10:33 AM ET
    Janet L. Yellen

    Two new members have been installed on the Federal Reserve, which has enormous power over Americans' pocketbooks.

  • Senior Hiking

    The co-chairs of President Obama's special commission on cutting the deficit say Social Security is high on the list, so why isn't it front and center in Congressional races?

  • Working During Retirement May Be 'The New Normal' Sunday, 26 Sep 2010 | 7:02 PM ET
    Retired couple

    A global study of wealthy individuals conducted by Barclay's pokes holes in the notion that an individual should stop working at a pre-defined age as it is more of an illusion than a reality. The study found that increasingly, the wealthy are rejecting the idea of a traditional retirement—golden years filled with leisure—and continuing to work long past their early 60s.

  • Mark Fisher: Buy Gold, Raw Materials Thursday, 23 Sep 2010 | 6:22 PM ET

    Why renown trader Mark Fisher, founder and CEO of MBF Asset Management, thinks now is the time to get into these asset classes.

  • Health Care Costs are Biggest Future Problem: Reich Thursday, 16 Sep 2010 | 3:17 PM ET
    American healthcare reform

    The budget problems that come from federal spending and entitlements, such as Social Security, pale in comparison with the challenges of containing health care costs and maintaining Medicare at the level of treatment Americans expect, Robert Reich, the former Labor Secretary, told CNBC Thursday.

  • Farr: $6.6 TRILLION Cause Big Ripples Wednesday, 15 Sep 2010 | 2:56 PM ET
    Retired couple

    Beyond the audible gasp over an incomprehensible $6.6 trillion figure (the retirement shortfall), there is a major ripple effect for the US and global economies.

  • Retirement on Hold: American Workers $6 Trillion Short Wednesday, 15 Sep 2010 | 7:00 AM ET

    A new study by Boston College's Center for Retirement Research says Americans are $6.6 trillion short of what they need to retire.

  • Retiring Later Is Hard Road for Laborers Monday, 13 Sep 2010 | 10:42 AM ET

    At the Cooper Tire plant in Findlay, Ohio, Jack Hartley, who is 58, works a 12-hour shift assembling tires: pulling piles of rubber and lining over a drum, cutting the material with a hot knife, lifting the half-finished tire, which weighs 10 to 20 pounds, and throwing it onto a rack.

  • Investors are not playing the stock market game with confidence like they used to, mainly because the game of making money has gotten tougher and more volatile since the financial crisis. Retail investors are buying fewer stocks.  Instead, they're moving into safer investments, like cash and bonds.

  • The debate about class struggle is getting old, but so is the largest demographic in the country. Somebody will have to support those who spent the last 30 years in control of an economy entrusted to them by their depression era parents, one that boasted a balanced budget and an aversion to immediate gratification.

  • President Barack Obama

    President Obama is playing “Watch the Birdie” with Americans over the age of 50, diverting their attention with handouts and scare tactics to hide in plain sight the enormous damage his policies are doing to the retirement safety net.

  • What to Do With Your 'Old' 401(k) Tuesday, 31 Aug 2010 | 8:06 PM ET

    It probably makes sense to convert your old 401 (k) to a Roth IRA  if you think you're going to be in a higher tax bracket later and you have the money to pay the taxes you'll incur with the conversion.

  • Battle Looms Over Huge Costs of Public Pensions Saturday, 7 Aug 2010 | 9:19 AM ET
    broke

    There’s a class war coming to the world of government pensions.  The haves are retirees who were once state or municipal workers. Their seemingly guaranteed and ever-escalating monthly pension benefits are breaking budgets nationwide.

  • Health Care Overhaul May Extend Medicare Fund Thursday, 5 Aug 2010 | 11:28 AM ET
    American healthcare reform

    The annual checkup of the government's big benefit programs for the elderly showed that the administration's sweeping health care overhaul will extend the life of the Medicare hospital insurance fund by 12 years.

  • Thousands of Healthy Workers Still on Disability: GAO Wednesday, 4 Aug 2010 | 11:51 AM ET
    Postal worker

    A Government Accountability Office report to be released Wednesday will reveal that thousands of federal and private-sector employees nationwide may be committing fraud by collecting disability benefits from the federal government when they’re perfectly healthy and working full-time jobs.

  • Facing Pension Woes, Maine Looks to Social Security Wednesday, 21 Jul 2010 | 11:02 AM ET
    Social Security Card

    Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.

  • New Rules for Target-Date Retirement Funds Tuesday, 6 Jul 2010 | 10:35 AM ET

    The Securities and Exchange Commission has introduced new rules to help investors figure out how target-date funds in their 401(k) and other retirement accounts are supposed to hit their target.

  • Raise Social Security Retirement Age: Budget Expert Thursday, 10 Jun 2010 | 1:30 PM ET

    Americans are living and working longer, and Alice Rivlin, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, told CNBC it is time the Social Security retirement age reflects this fact of life.

  • Baby Boomers' Game Plan for Retirement Monday, 17 May 2010 | 1:25 PM ET

    David Faber talked with Senior Portfolio Manager Frank Troise about what Boomers need to do now, after being crushed by the financial crisis.

  • In Greek Debt Crisis, Some See Parallels to US Thursday, 13 May 2010 | 12:53 AM ET
    Shops in Athens' central market.

    It’s easy to look at the protesters and the politicians in Greece — and at the other European countries with huge debts — and wonder why they don’t get it. Yet in the back of your mind comes a nagging question: how different, really, is the United States? The NYT explains.