No changes to the current law regarding benefits or taxes In the year 2035, when the trust fund is projected to be exhausted, payroll tax rates increase to the level needed to pay for the current ...
No changes to the current law regarding benefits or taxes In the year 2035, when the trust fund is projected to be exhausted, payroll tax rates increase to the level needed to pay for the current ...
When should you take Social Security? ... People who are in good health and have enough savings to live on are better off waiting until age 70 to take Social Security. ... I love the instant ...
5 things you must know about Social Security. ... insurance company MassMutual recently surveyed 1,513 people online and asked them 10 basic questions about Social Security benefits. Only a little ...
With the debt super committee reviewing all forms of federal government entitlements, it's good to keep in mind the basic reasons we need Social Security. Social Security is a collective good for ...
But what about all the headlines about the Social Security Trust Fund will run out of money in 2033? Goss explained that Social Security benefits that are paid each year to retirees and ...
(MoneyWatch) When is the best time to claim Social Security benefits? It's certainly not a snap decision, considering Social Security's complex rules, which I've previously written about as part ...
Many people say they can't remember when they last received a Social Security statement in the mail. That's not too surprising, considering that Social Security mails a paper statement to workers ...
To pump up your retirement income, put off getting your first Social Security check for as long as you can. For married couples, however, the rules for collecting bigger benefits month are trickier.
If you invest in state and local government bonds, these governing entities spend the proceeds on their operations, including roads, rapid transit systems, sewers, computers and the salaries of ...
Nothing get clicks from seniors like a scary story about Social Security, and the Associated Press supplied a real granny-grabber last week: Social Security on Pace to be Drained by 2037.Hyper ...
In fact, the Social Security trust fund operates more like an accounting ledger, according to the conservative-leaning Heritage Foundation. The Treasury estimates its tax receipts, then "credits ...
Search: Live. Watch CBSN Live. ... worth reviewing the basics because waiting till you reach full retirement age is the single biggest thing you can do to boost your Social Security benefits. Yet ...
Social Security is not a Ponzi scheme or a lousy investment. It's simply one generation helping another. Here's the right debate to have: What's the right amount of help that we can collectively ...
(MoneyWatch) Since we're in political sound-bite season, let's address a misconception that's often repeated by pundits and political candidates alike: Congress raided the Social Security trust ...
But what about the benefits you're entitled to? Over the years, I've received many comments from readers who expect to receive back all the money they paid in Social Security taxes, as if they ...
Option 1: Pay it back. If you're still within 12 months of starting benefits, you can pay all the money back and be treated as if you'd never started benefits. Option 2: Go back to work. If you're ...
The GOP recently announced its proposal to eliminate Social Security’s funding gap with large benefit reductions accompanied by tax cuts on affluent retirees, but with no rise in revenue to the ...
Assuming an average life expectancy of age 88 and Social Security benefits of $1,500 at FRA, here's how these two options compare. At 62, your reduced monthly benefit is $1,095, or $13,140 per ...
Is it a good idea to start your Social Security benefits as early as possible (at age 62), even if you don't need the income right away to meet your living expenses, and then invest this money for ...
A challenging economy and higher energy prices are hurting the financial condition of Social Security and Medicare ... Social Security: Trust fund in the red by 2033 ... and hopes for a China ...