Social Security

Social Security is barreling towards a crisis, and no one wants to do anything about it

I'll be donating my retirement benefits to charity, but that won't save us from oncoming disaster that our elected officials choose to ignore.<p>Recently, my accountant suggested I start taking Social Security benefits.<p>I’m 67, and if I make it to 79 — the average lifespan for an American male — Social …

U.S. Treasury

The GOP Tax Plan Could Negatively Affect Your Social Security Benefits

For a majority of seniors, Social Security is their financial rock. Without a guaranteed monthly stipend, the number of seniors living below the federal poverty level could well rise by millions. In fact, the Social Security Administration (SSA) reports that 34% of elderly Americans receiving …

Rising Medicare costs leave many U.S. seniors with a flat COLA

CHICAGO (Reuters) - Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better.<p>The 2 percent cost-of-living adjustment (COLA) announced by Social Security for 2018 last month will boost Graves’ monthly benefit by $20.70. But in reality, …

Business

Medicare announced its premiums for 2018. Here's what you need to know.

The Centers for Medicare and Medicaid Services (CMS) has announced that the 2018 premium for Part B of Medicare will remain at $134 a month. But even …

Medicare

Medicare Part B Premiums Rise For Most In 2018, Stealth Hit To High Earners

The Centers for Medicare & Medicaid Services has announced Medicare Part B premiums for 2018, and the base premium stays the same as this year at $134 a month, but a lot actually changes. For 70% of Social Security recipients who have been paying an artificially low $109 a month, they’ll see a big …

Medicare

597 days. And still waiting.

Published on November 20, 2017<p>Webster County, Miss. — On the 597th day, the day he hoped everything would change, Joe Stewart woke early. He took 15 pills in a single swallow. He shaved his head. And then he got down to the business of the day, which was the business of every day, and that was …

Cleveland

How to Quickly Estimate Your Social Security Payment at Various Ages

Knowing how much you'll receive in benefits if you claim early, on time, or late is critical to deciding when to claim Social Security.<p>Deciding when …

Investing

With Year-End On The Way, Don't Forget About Tax Form Due Dates

The end of the year will be here before you know it – and that means year-end tax forms will soon be on their way.<p>That’s right – many year-end tax forms are now due in January. As part of the Protecting Americans from Tax Hikes (PATH) Act, the filing deadline for employers to submit forms W-2 (and …

Retirement

Why Smart People Take Social Security at 62

Starting to collect Social Security early will result in smaller checks, but that's much less of a problem than you think. Here's why you might want …

Personal Finance

Why Don’t More People Wait Until They're 70 to Claim Social Security?

The first two reasons are pretty depressing, but the third is surprisingly uplifting.<p>On the surface, it seems like a no-brainer: wait until you're 70 …

Investing

Can You Count on Social Security When You Retire?

Social Security is arguably the most important social program for our nation's retired workers. Each month, more than 42 million of the 61.6 million people receiving a monthly stipend from the Social Security Administration are retired workers. Of these retirees, more than three out of five (62%) …

The Social Security Inflation Lag Calendar - Partial Indexing Part 1

Detailed analysis of the Social Security Inflation Lag Calendar, and the impact on retiree finances.<p>Demonstration of how higher rates of inflation …

Business

Modi govt set to roll out ‘social security for all’ plan

Once the Unique ID for unorganized sector workers are rolled out, they will be seeded with Aadhaar number to reduce leakage and duplication. Photo: …

India

These Are the Trendiest Baby Names of 2017 (So Far)

The most popular baby names of 2016 were Noah and Emma. But what’s trending for 2017? Well, according to Nameberry, the top picks might be shifting. …

Babies

Social Security at Age 65: 3 Claiming Scenarios That Make Sense

Waiting until your full retirement age or later isn't always the best option.<p>As of September, more than 61 million people were receiving Social …

Retirement Planning

3 signs you should retire abroad

Take a moment to imagine retirement and picture your perfect setting. Maybe you're dreaming of moving to Florida? Arizona, perhaps?<p>How about Costa Rica?<p>Retiring abroad is becoming a more popular option for seniors. The Social Security Administration estimates nearly half a million Americans have …

Retirement

Medicare 'Part B' premiums to rise next year for many

WASHINGTON (AP) — Many Medicare beneficiaries will pay higher monthly premiums next year for outpatient coverage, eating away at an increase in their Social Security checks.<p>That's in the fine print from an announcement by Medicare late Friday.<p>Although the standard "Part B" monthly premium will stay …

Medicare

Man gets $3.9 million bill, realizes it’s actually his social security number

SHEBOYGAN, Wisc. -- Is this my bill or my phone number?!Neither. It's your social security number.A Wisconsin man recently received a student loan …

Cleveland

4 Signs a Partial Retirement Is Right for You

Retirement doesn’t have to be an all-or-nothing prospect. Here's why you might choose a middle ground.<p>Countless workers look forward to retirement …

Retirement

Tunisia’s Government Strikes Deal with UGTT to Lift Retirement Age

The Tunisian government has reached a deal with the UGTT (labor union) to lift the retirement age for public servants by two years as part of efforts …

Middle East

What's an Alaska Permanent Fund Dividend, and How Can I Get It?

The idea of the government paying its residents to live in a particular state sounds like a crazy dream to most Americans who pay extensive state taxes. Yet in Alaska, it's a reality, thanks to the Alaska Permanent Fund and its payment of annual dividends to those residents who qualify. Here's how …

Retirement

China to transfer state assets to social security funds

China will transfer some state assets, including shares of state-owned companies (SOE) and financial institutions, to the country's social security …

News (China)

Receiving calls from your own phone number? Don’t answer!

(WHDH) — Have you been getting incoming calls from your own phone number? If so, don’t answer!<p>A new scam has popped up, where people using your …

Wireless

Ask Larry: ​​What Earnings Years Are Used To Calculate My Benefit?

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.<p>Today’s column takes up how benefit amounts are determined, Medicare payments, calculating disabled widow’s benefits, increasing benefit amounts and working while …

Determine

5 Wise Decisions You Can Make on Social Security Right Now

Don't wait until you're ready to retire to figure out your best strategy for claiming Social Security benefits. Looking into options well in advance …

Retirement

3 Income Sources that Earn You Social Security Credits (and 2 that Don't)

Social Security credits determine whether or not you'll be eligible for benefits, so it's wise to emphasize income sources that qualify for these …

Retirement Planning

The Republican Tax Bill and Cuts to Social Security

View Comments<p>Reductions in Social Security benefits are extremely unpopular across the political spectrum. The program enjoys enormous support among …

Creative Commons

Investing Blog Roundup

As you very likely read/heard yesterday, the House passed its version of the GOP tax bill.<p>So, from a political perspective, now’s the time to get on …

Mexico: Cocaine found in apparent Social Security truck

CIUDAD VICTORIA, Mexico – Mexican authorities have seized more than 800 pounds (371 kilograms) of cocaine being transported toward the U.S. border inside a truck bearing markings of the country's Social Security Institute.<p>A Defense Department statement says soldiers discovered the packets of drugs …

World News

Mistakes in benefits claims could cost up to £500m

<b>Mistakes in paying out benefits claims could cost up to £500m to put right, the BBC has learned.</b><p>The errors identified by the Department for Work and Pensions affect the main sickness benefit, the Employment and Support Allowance (ESA).<p>The BBC understands that assessors wrongly calculated the income …