Tag: Social Security
Social Security rules and regulations are the key to the magic retirement age. For some reason, many American have come to believe the magic number for retirement is 61 and they are wrong, according to The Motley Fool’s article “Americans’ Ideal Retirement Age–and Why It’s Not Realistic“. The article is based on a survey from […]
Opponents often claim that Social Security is going broke and will soon be bankrupt. However, that isn’t true. A recent government report is being used by opponents of Social Security and government spending as ammunition to charge that if something is not done, then Social Security will go broke in 2022. The claim is not true, […]
Pensions used to be a main portion of the American benefits package, but times have changed. Many companies in the U.S. did away with pension plans for their employees in the 1970s and switched to 401(k) plans, according to the Washington Post in “‘I hope I can quit working in a few years’: A preview […]
What is next, as Republicans look to reform programs? It appears that Republicans may be prepared to propose cuts to some of the most popular government programs, according to Financial Advisor in “GOP Laying Groundwork To Cut Future Social Security, Medicare, Welfare Outlays.” Republicans are talking about making cuts to programs for the elderly, such […]
Social Security benefits are important to most retirees, so make sure you get the most out of it. Many people choose to figure out how to maximize their Social Security benefits for themselves. However, many do so to their own detriment, according to CNBC in “Bungling this retirement decision could cost you $300,000.” It has […]
A woman in Spain was mistakenly ruled dead and now she finds herself in a nightmare. Yes, it can happen here, too! There is a master government list in the U.S. that has your name and other identifying information on it. When you pass away, it will be recorded and your death will be noted […]
If the elderly have problems handling their finances, Social Security has a helpful option. Families sometimes have problems with elderly family members losing the ability to handle their own finances. A general durable power of attorney can help. Social Security also has a program that can help in the situation of receiving their checks, according […]
If reform does not occur by the 2030s, benefits will most likely not be stopped, but will be reduced. Washington has known for a long time now that Social Security needs to be reformed, but it is not expected soon, according to Forbes in “When Can You Expect Social Security Reform?“. The problem is that […]
The agency tried once before and that attempt didn’t work out so well. The Social Security Administration is planning to try again to make its online accounts more secure by modifying its earlier attempt, according to Investment News in “Social Security Administration steps up online security.” Online information is easy to obtain from the agency […]
More than half of the states in the U.S. have laws requiring adult children to provide care and support for elderly parents. Laws have been passed in 28 states that require adult children to provide financial support for their elderly parents, if the parents are unable to pay their own bills, according to the Wills, […]
