The problem isn't just high health costs. It's also that health costs are likely to rise at more than twice the rate of retirees' Social Security income.
Today's question asks about optimal strategies for spouses with different income levels. The answer considers when to file and explores some of the options subsequently available;
Photo by Bipolar/Stone Collection via Getty Images. Boston University economist Larry Kotlikoff has spent every week, for over two years, answering questions about what is likely your largest financial asset — your Social Security benefits. Show More Summary
Today's question asks if collecting the family maximum in surviving children's benefits over two decades ago will disallow a survivor's benefit for the spouse now. The answer reviews when and how the family maximum benefit is applied and reviews two potential filing strategies.
WaPo's editorial page editor's wrong math and wrong-headed argument. "It's simple math," is the refrain often uttered by those seeking to explain why cutting, not expanding, Social Security is the choice to make. A variation of thatShow More Summary
Yes, once again Robert Samuelson stresses the urgency of cutting Social Security and Medicare. It's the usual pox on both your houses story, but as usual he leaves his thumb on the scale. In discussing the Republicans' proposals to save...Show More Summary
Due to having hits like Fight Club, Seven, and The Social Network under his belt, David Fincher is an especially secure auteur, one with enough commercial clout to pursue big-budget projects with near-total artistic freedom. Before those...Show More Summary
Social Security is missing death records on about 6.5 million people who are age 112 or older.
Today's question asks what two high earners can do to maximize their Social Security benefits. The answer suggests using software to determine exactly how to do so and sketches out two general ways to get the highest benefits.
Most people take Social Security early, but there are consequences for doing so.
FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND AND FEDERAL DISABILITY INSURANCE TRUST FUND (c) With respect to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the “Trust Funds”) there is hereby created a body to be known as the Board of Trustees of […]
Making sure you don't lose your Social Security benefits can be hard. Find out how to keep them.
Back in 2010, America's primary retirement vehicle, the Social Security Trust Fund, did something it had not done in three decades done: it went cash negative, meaning that the costs were greater than the payroll tax revenues as a result...Show More Summary
For 2014, the maximum Social Security tax for a single taxpayer is $7,254, and twice that for self-employed taxpayers.
"Almost a dozen Republicans -- some who visibly campaigned on natural marriage -- sided with Senator Brian Schatz (D-Hawaii) in tearing down the last two federal holdouts that respect state marriage laws: the social security and veterans' administrations. Show More Summary
Today's question asks if multiple exes can claim on one worker's record and whether the length of each of the marriages would determine each ex's benefit. The answer reviews eligibility of multiple exes based on a single record as well as whether an individual can claim based on more than one ex's record.
When to take Social Security is an important decision all seniors have to make.
The US Senate’s 2016 budget proposal highlights a deep chasm between Congressional Republicans and President Barack Obama as well as leading Democrats on a range of spending priorities including national security, healthcare, social programs, economic issues and the environment.
Reacting to the news that eleven Republican US Senators voted in favor of a measure that ensures Social Security and veterans benefits to same-sex couples regardless of whether or not their state has marriage equality, exceedingly anti-gay Family Research Council...
In an unexpected move Thursday night, eleven Senate Republicans joined all Democrats on a nonbinding vote to guarantee equal Social Security and veterans benefits to married same-sex couples, regardless of state laws on gay marriage. Buzzfeed reports: The amendment, proposed...