Social Security

Why Uncle Sam Seized $713 Million From Social Security Checks Last Year

By Kelli B. Grant, CNBC

If you're counting on Social Security benefits, you better make sure you don't owe Uncle Sam. Under certain circumstances, the government can seize part of your Social Security check to satisfy...
Oregon Just Took the Lead in Getting Americans to Save More for Retirement

By Eric Pianin

Bucking resistance from a Republican Congress and the Trump Administration, Oregon has become the first state to launch a program requiring private employers to either offer their own 401 (k) savings...
Trump’s 2018 Budget: F in Math, A in Provocation

By Edward Morrissey

Donald Trump campaigned on a promise to enact economic policies that would produce annual growth in gross domestic product (GDP) consistently higher than 3 percent. The US economy has not seen that...
The Heartless Tradeoffs in the Trump Budget

By Mark Thoma

As the bombshells continue to drop on the Trump administration, behind the scenes Trump’s first detailed budget proposal is being developed, and it has a few bombshells of its own, particularly for...
How Millions of Aging Baby Boomers Could Bust the Economy

By Eric Pianin

A new report not only highlights growing economic anxiety among an increasingly important and influential cohort of the population, but also suggests that this overarching pessimism and caution could...

How the Government Is Making It Harder for You to Retire

By Eric Pianin

Many Americans have saved shockingly little for their retirements, with one study showing that the median savings for households near retirement age is just $17,000. In the coming years, tens of...
10,000 Boomers Turn 65 Every Day. Can Medicare and Social Security Handle It?

By Eric Pianin

By the time the last of this generation approaches retirement age in 2029, 18 percent of the U.S. will be at least that age, the Pew Research Center projects. The Centers for Medicare and Medicaid...
The Growing Funding Gap for State Pensions Puts Millions at Risk

By Eric Pianin

Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding...
Here’s How Two Lawmakers Plan to Secure Social Security’s Troubled Future

By Eric Pianin

If nothing changes, by the time today’s 50-year old reaches retirement age, Social Security will be paying 21 percent less in benefits than it is today.
Trump Keeps Promise Not to Touch Social Security Reform – Or Did He?

By Edward Morrissey

Give Donald Trump credit for making his political career unique in many ways, to be sure. But one difference, in particular, has become a theme in his presidency: Trump keeps his promises. For the...

Where Will 78 Million Boomers Retire? Facing the Challenge of Aging in Place

By Eric Pianin

With roughly 78 million baby boomers at or near retirement and average life expectancies climbing, many independent-minded seniors are resisting the pressure to move to often costly retirement...
Millions Facing a Hefty Increase in Medicare Premiums in 2016

By Eric Pianin

Nearly a third of the roughly 50 million elderly Americans who depend on Medicare for their physician care and other health services could see their premiums jump by 52 percent or more next year...
Two-Thirds of Americans Believe Social Security Is in a Crisis State

By Eric Pianin

On the 80 th anniversary of the creation of Social Security, Americans who have been buffeted by repeated warnings about long term funding problems overwhelmingly believe that the nation’s premier...
The Sanders Effect: Clinton Moves to the Left on Social Security Taxes

By Eric Pianin

As part of her steady shift to the left, former secretary of state Hillary Rodham Clinton signaled in New Hampshire yesterday that she would be open to a proposal to raise the cap on Social Security...
6 Reasons to File for Social Security Early

By Kelli B. Grant, CNBC

Delayed gratification isn't always the best bet when it comes to Social Security claiming strategies. Retirees have been more willing to wait to claim Social Security in recent years. The number of...

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