WASHINGTON— Al and Saundra Karp have found an unconventional way to raise money and help save their Miami- area home from foreclosure: They're lining up gigs for their family jazz band. But it isn't exactly how Al, an 86- year-old Korean War vet, or Saundra, 76, had expected to spend their retirement. "It's a big problem coming off the housing bubble," says Cary Sternberg,...» Read More
CNBC's Sue Herera reports veterans who wait to claim Social Security benefits until they are 70 will increase their benefit by 8 percent a year. And 30 percent of veterans surveyed were unaware they could claim Social Security and military retirement at the same time.
Social Security benefits will rise only 1.5 percent next year.
Organized labor is making it clear it opposes any idea involving social security, Medicare and Medicaid cuts. Damon Silvers of AFL-CIO, shares his opinions. "We are not going to give cover to Democrats who think it's a good idea to take away economic security to our most vulnerable citizens," he says.
More workers are delaying their retirement plans and embracing the fact that retirement won't necessarily mark a complete exit from the workforce.
Social Security recipients won't get much of a raise next year. Is government underestimating how much it costs seniors to pay the bills?
Millions of recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.
Treasury Secretary Jack Lew says there is no good solution or contingency plan if Congress fails to raise the debt ceiling.
Treasury Secretary Jack Lew addresses the debt ceiling deniers and says this situation is like instead of making a mortgage payment, having to pay the entire mortgage.
Treasury Secretary Jack Lew says we've seen stability in both the short and long term but the market remains delicate.
Treasury Secretary Jack Lew testifies that if Congress creates an artificial crisis, retirees will sustain losses on their investments that they won't be able to make it up.
Treasury Secretary Jack Lew testifies that changing systems to only pay some of the country's bills is nearly impossible because we've always paid our bills on time.
Treasury Secretary Jack Lew says the President has made it clear he is looking for a balanced approach to entitlement reform and tax reform to settle fiscal matters.
Treasury Secretary Jack Lew testifies that the only way to avoid inflicting further damage to the economy is for Congress to act to raise the debt ceiling and re-open the government.
CNBC's Steve Liesman reports Treasury Secretary Jack Lew will testify that toying with the debt ceiling is irresponsible and that there's no way to "prioritize" the payments the government makes.
"The idea of putting the American people's hard-earned progress at risk is the height of irresponsibility and doesn't have to happen," Obama said.
A government shutdown would have far-reaching consequences at federal agencies dealing with everything from Social Security checks to national parks.
An upcoming GAO report says Social Security may have overpaid billions in benefits to people who had too much income from work to qualify.
If your golden years seem threatened because of financial setbacks, don't panic. Here are 10 tips from retirement experts on your next steps.
Rory Fitzgerald, director of the European social survey at the City University in London, comments on his survey which revealed a rise in job insecurity and a fall in trust in democracy in Europe since the crisis began.
More upbeat about their prospects, Boomers are reshaping traditional notions of how the golden years should be lived.