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...» Read More
Slower growth in healthcare spending is shoring up the funding outlook for the federal Medicare program that covers hospital bills for the elderly.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
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.
NEW YORK, July 1- The U.S. Treasury Department has just given a tax break and its blessings to retirement savers who want to buy long-term deferred annuities in their 401 and individual retirement accounts.
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.
May 19- Many retirees don't maximize their Social Security retirement benefits because they start them at the wrong time or overlook more sophisticated claiming strategies.
Married same-sex couples are recognized by the federal government and some states, but couples still must watch for pitfalls.
Senator Marco Rubio, a likely Republican candidate for the White House, on Tuesday unveiled plans to give more Americans a way to save for retirement while raising the retirement age for younger workers.
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.
The Obama administration says the government may not be able to pay its bills as soon as February if lawmakers do not raise the federal debt ceiling.