Latest News
The new debate about Social Security
Between Chris Christie and Senator Warren (D-MA), Social Security reform is getting more media coverage today than at any time in the past 30 years. From hearing the details, you might conclude they are talking about different government programs. They…
Andover man sentenced for $149K in Social Security fraud
An Andover man was sentenced Thursday for stealing more than $149,000 in Social Security benefits. Graeme Griffith, 60, was sentenced by U.S. District Court Senior Judge Mark L. Wolf to four months in prison, two years of supervised release, and ordered…
U.S. pensioners risk overestimating Social Security benefits
Some U.S. workers who have paid into the Social Security system are in for a rude awakening when the checks start coming: Their benefits could be chopped up to $413 per month without advance warning. That is the maximum potential cut…
Congress Should Give Workers with Disabilities a Fair Shot at Gainful Employment in Budget Negotiations
Last month, House Republicans passed their fiscal year 2016 budget proposal and continued to target Social Security Disability Insurance for cuts. A new Center for American Progress column released today details how these cuts would make it harder for Social…
How Does Divorce Affect Social Security Retirement Benefits?
One of the challenges of planning for retirement is that an unexpected event, like divorce, can dramatically change your retirement income needs. If you were counting on your spouse’s Social Security benefits to provide some of your retirement income, what…
Let young workers take control of their Social Security, analyst suggests
Fiscally conservative groups continue to call for reforms to Social Security. But how do they plan to go about fixing the program? Michael Tanner, a senior fellow focusing on Social Security for the Cato Institute, says we have to look…
New “doc fix” won’t cure ailing Social Security checks
The U.S. Senate gave its approval to a Medicare reform bill Tuesday that is being heralded as a bipartisan effort to address the “doc fix” issue. “Doc fix” is the method that the government used to ensure payments to Medicare providers,…
Supporting Grown Kids Delays Boomers’ Retirement
Could supporting your grown kids force you to delay your retirement? Quite possibly, according to a recent study of boomers by Hearts & Wallets, one of my favorite financial research firms. In a report based on its annual survey of 5,500 households,…
Senators Ask Gov’t How Many Illegals Got Social Security — The Number Is Almost Unbelievable
The Social Security Administration has told Congress that more than half a million illegal immigrants have received new Social Security numbers, under President Barack Obama’s 2012 executive action allowing younger immigrants to stay in the United States and work. Obama imposed…
The wrong way to fix Social Security
Governor Chris Christie wants to reduce Social Security benefits for the rich: As part of the plan, he’ll propose phasing out Social Security payments for those making more than $80,000 in other income and eliminating them for those making $200,000…