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You’re Retirement Age With Nothing Saved For Retirement. Now What?
Imagine that you’re 55 or 60 years old with nothing saved for your golden years. Oh wait, that’s roughly four out of 10 Baby Boomers now. New research from the Insured Retirement Institute found that only 60% of Boomers have socked away…
Americans don’t like big government – but like many programs: poll
Conservative presidential candidates hitting the 2016 campaign trail are firing up crowds with calls to shrink the U.S. government, but a new poll shows that Republican voters who rally to that cry still want to maintain many federal programs. Ideas such…
Vision 2025 – Social Security’s Strategic Plan
Message from Carolyn W. Colvin, Acting Commissioner Vision 2025 is our agency’s call to action to preserve and fulfill our social contract, which emerged as the foundation of our agency 80 years ago, and remains a motivating force for us today. Our…
Analysis: The political perils Bernie Sanders poses for Hillary Clinton Susan Page, USA TODAY
He’s a 73-year-old populist with a chaotic halo of thinning white hair who isn’t, technically, a Democrat. The last political party he joined was the Liberty Union Party a generation ago to oppose the Vietnam War. But Vermont Sen. Bernie Sanders,…
Social Security and Medicare likely to feel the effects in the future of today’s declining births
Today’s trends in births among millennial women doesn’t make the future look good for Social Security and Medicare. A new Urban Institute study shows “there has been a decline in birth rates between 2007 and 2012 for all American women ages…
Solving the Social Security Funding Dilemma
Social Security is a vital component of the American safety net. Without Social Security many retired and disabled workers –as well as survivors and dependents – would be without a source of steady income. However, Social Security is on an unsustainable…
Drop in disability rolls adds to signs of U.S. labor market recovery
The number of Americans on disability has declined for six months in a row in a sharp turnaround after years of increases, more evidence of the labor market recovery the Federal Reserve wants to see before nudging interest rates higher. Social…
Senators Ask for Examination on Garnishment of Social Security Related to Student Loan Debt
The top Democrat on the Senate Aging Committee this week asked the Government Accountability Office to conduct a study on the effects on senior households of garnishing Social Security benefits to recoup federal student loan debt. Sen. Claire McCaskill of Missouri…
Keeping Tabs on Your Social Security Benefits
To keep abreast of what your benefits will likely be when you reach certain milestone ages, Social Security provides a statement that lists your earnings history by year and likely benefits under various scenarios. The statement, available for those 18…
Nation reaches Tax Freedom Day
Puffs: For all of us who were busy on Friday, were you aware that it was actually Tax Freedom Day? On the average, Americans have earned enough money to pay off their total tax bills for the year, which includes the…