Social Security


  • Senior woman using a laptop computer

    There was a time - not THAT terribly long ago - when boomers who had something to say took to the streets with signs of protest, usually against authority (especially the government). Sit-ins were the way to stand out.

  • Deficit Commission Job a 'Suicide Mission': Simpson Monday, 22 Feb 2010 | 4:53 PM ET

    Reigning in the deficit will be nothing short of a "suicide mission" for the people charged with the task, Alan Simpson, co-chair of President Barack Obama's bipartisan Deficit Reduction Commission, told CNBC Monday.

  • How Boomers Will Impact the Health Care Industry Monday, 22 Feb 2010 | 2:17 PM ET
    Stethescope and money

    As the first wave of Baby Boomers reaches retirement age, predictions for the nation’s health care system have been nothing short of apocalyptic.

  • Boomers: The Case for Age Diversity Thursday, 18 Feb 2010 | 11:17 AM ET
    Gray haired woman working on laptop

    How unemployed Boomers can cope with age discrimination in the workforce, and why younger executives should accept them.

  • U.S. Cracks Down on ‘Contractors’ as a Tax Dodge Thursday, 18 Feb 2010 | 10:08 AM ET

    Federal and state officials, many facing record budget deficits, are starting to aggressively pursue companies that try to pass off regular employees as independent contractors. The New York Times reports.

  • Fiorina: Boomers Mortgaging Our Children’s Future Wednesday, 17 Feb 2010 | 11:27 AM ET

    Carly Fiorina, former Hewlett Packard CEO and Republican Senatorial candidate for the state of California, shares her thoughts on the Baby Boomer legacy of debt, and that impacts the future of the United States.

  • 2010 Census May Show Boomer Impact On Future Economy Wednesday, 17 Feb 2010 | 10:52 AM ET
    2010 US Census form

    Major demographic differences with the rest of the nation could present roadblocks for future social and education programs, while delayed retirement will affect housing and labor market trends.

  • Will Baby Boomers Bankrupt Social Security? Monday, 8 Feb 2010 | 10:41 AM ET

    As the record federal budget deficit draws increasing scrutiny from Washington to Wall Street to Main Street, deficit hawks may take aim at entitlement programs including Social Security.  And, the nearly 80 million Baby Boomers phasing into retirement will set in motion a dynamic that—if not addressed by Congress—could result in the next generation getting fewer benefits.

  • Losey: Retirement Resolutions for Your 50's & 60's Wednesday, 6 Jan 2010 | 9:37 AM ET

    If you haven’t maxed out your 401k/403b contributions at work, you are eligible to take advantage of what is known as the catch-up provision. In essence, if you haven’t saved as much as legally possible every year you’ve been working, you are able to contribute an extra $5,500 per year (over and above the legal limit - $16,500) into your retirement plan in 2010.

  • US Capitol Building with cash

    A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.

  • Social Security to Make it Official: No COLA Thursday, 15 Oct 2009 | 4:19 AM ET
    Social security

    The Social Security Administration makes it official Thursday: There will be no cost of living increase for Social Security recipients next year, the first year without one since automatic adjustments were adopted in 1975.

  • Reverse Mortgages: A Troubled Lifeline for Seniors Friday, 14 Aug 2009 | 2:00 PM ET

    Reverse mortgages are quickly turning into a main source of income for struggling seniors trying to stay financially afloat, industry analysts say.  But the mortgages come with significant drawbacks, such as high fees, complicated paperwork and the possibility of owing more than the value of the home.

  • Economists See a Limited Boost From Stimulus Friday, 7 Aug 2009 | 11:48 AM ET
    US Capitol Building with cash

    Even as the Obama administration braces for another grim report about job losses on Friday, economists say that the president’s $787 billion stimulus package has helped blunt the downturn in limited but discernible ways.

  • Tax Revenue Drop Threatens Government Programs Monday, 3 Aug 2009 | 3:36 PM ET
    US Capitol Building with cash

    The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.

  • Farrell: Trading Outlook for Oil, Ford and More Tuesday, 7 Jul 2009 | 12:59 PM ET

    I have long thought the oil market got ahead of itself. The recent strength in the price has been due more to the thought economic recovery was close at hand. As I have been writing, I think that the recovery will come, but not today.

  • Farrell: You Ain't Alone, Joe Tuesday, 7 Jul 2009 | 11:12 AM ET
    Vince Farrell

    The administration isn't the only one that got flattened by the steamroller that has been our economy recently. Unemployment is at 9.5% and some of you might remember I had a bet with a Soleil director it would level at 8.5%. So much for my predictions.

  • Retired From G.M. at 54. Pensionless at 74? Wednesday, 1 Jul 2009 | 11:46 AM ET

    General Motors is using its huge pension fund in a way it never intended. It had planned — and put money aside — for a steady march of retirees over time. But instead, tens of thousands of blue-collar workers, most in their 40s and 50s, are all becoming eligible for retirement benefits now, as the company rapidly downsizes.

  • Good Luck With That 401(K)! Friday, 29 May 2009 | 11:13 AM ET

    People in the business community often argue against expanding public health care and pension benefits, arguing that this would raise taxes and that the private sector can do a better job providing those benefits than the government. But the evidence is mounting that the private sector can't.

  • Avoid These Retirement Pitfalls Tuesday, 12 May 2009 | 10:44 AM ET

    CFP Julie Casserly reveals the three things you should never do in retirement.

  • Wait-And-See Time For Obama Tax Policy Friday, 19 Dec 2008 | 10:18 AM ET
    Barack Obama

    Now that he’s won the White House, the biggest question on the minds of many Americans is how the sweeping tax law changes he’s proposed will affect them in the  years to come.