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Social Security

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  • 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.

  • Scoffing at Bernie Madoff Wednesday, 17 Dec 2008 | 11:38 PM ET

    You think he ran the biggest Ponzi scam? Try Social Security.

  • In the all the coverage of alleged con-man Bernie Madoff's $50 billion Ponzi scheme, I keep hearing that this could be the biggest swindle of its kind in history. That's just plain wrong.

  • Coping With Retirement Uncertainty Friday, 7 Nov 2008 | 3:09 PM ET

    Control what you can control. Everything else is a crap shoot.

  • Our Retirement Expert Answers Your Questions Wednesday, 5 Nov 2008 | 3:08 PM ET

    Whether you should contribute to a 403(b) or Roth IRA, advice for a young investor thinking about retirement and more from Bill Losey.

  • Stop Trading!: Four Dividend Plays From Cramer Thursday, 16 Oct 2008 | 3:42 PM ET

    Plus, should we turn Social Security into a sovereign fund?

  • Money Advice For a Struggling Couple Thursday, 2 Oct 2008 | 3:07 PM ET

    Retirement expert Bill Losey advises an older couple with more debt than savings on how to get ahead -- even late in life.

  • Warren Buffett may make some brief appearances in a new documentary film that paints a bleak picture of America's financial future, but he didn't quite follow the script in a live discussion beamed to hundreds of movie theaters for the film's premiere.

  • CNBC's "Boomer Angst": There's Plenty Of It Out There Thursday, 15 May 2008 | 4:05 PM ET

    As I've said, CNBC is airing a special tomorrow night, “Boomer Angst,” which will air at 9 pm and midnight. There is plenty of angst out there. This week, a new coalition was launched to encourage the American public to save more.

  • CNBC has a special out tomorrow night titled "Boomer Angst" that will air at 9 pm EST and midnight. Watch it--because you need to know that baby boomers are not even close to having enough for their retirement. I've put up a number of facts on my blog today about this crisis.--here's a few more.