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20131129_110256Social Security

Millennials Are Not Counting on Social Security

Once a goal people spent their lives working toward, the newest working generation doesn’t believe Social Security will be there for their golden years and are instead saving earlier. That’s according to the findings of the 15th annual retirement study by nonprofit Transamerica Center, which showed…

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Retirement Advice: Getting Better, But Still Deficient  — Forbes

You probably just heard that 36% of Americans haven’t saved a penny for retirement, according to a new Bankrate.com survey. (And 26% of 50- to 64-year-olds haven’t put away any money for it either.) I suspect that they — and, frankly, most of…

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Social Security Administration’s Vision for ‘Someday’ Fails to Deliver

The Social Security Administration has launched a new social media campaign that asks beneficiaries to plan for their ‘#Someday’ retirement dreams by registering for an account on the mySocialSecurity website but neglects to disclose that the website comes at the…

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Federal disability fund needs reform, not a bailout  — Washington Times

Money’s tight for the federal disability insurance program. Unless Congress acts, the Disability Insurance Trust Fund will run out of money in 2016. At that point, nearly 11 million Americans would see their disability benefits cut by nearly 20 percent, leaving the average beneficiary…

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Parent-reported cases of disability in children rise  — USA Today

More parents — especially upper-income ones — are reporting that their children have a physical, developmental or mental health disability, a study finds. The number of non-institutionalized children age 17 and younger with disabilities rose 16% between 2001 and 2011, with…

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“What is the special rule about earnings in the first year of retirement?”

Answer: Sometimes people younger than full retirement age retire in the middle of the year and have already earned more than the yearly earnings limit. There is a special rule that applies to earnings for one year, usually the first year…

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