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Democrats Embracing Social Security Expansion
In the wee hours of [Friday] morning, when most people were sleeping, the Senate took a vote that has momentous implications for who will win in 2016 and beyond. In three resounding votes over the last two days, Democrats rediscovered…
Social Security and You: When maximizing really minimizes
I thought I was done, at least for a while, writing columns about Social Security maximizing strategies. But as I’ve pointed out in past columns, probably 80 percent of the emails I get from my readers have to do with…
What Is the Maximum Social Security Tax for 2015?
With the onset of tax season, Americans are getting an unpleasant reminder of precisely how expensive the Social Security system is to fund, with employment taxes eating up as much as 12.4% of an individual’s earnings every year. But the…
Long Night in Senate, but Real Budget Work Awaits
Emerging from an all-night session that was more exhausting than dramatic, Senate Republicans on Friday squeaked through a budget blueprint that would repeal the Affordable Care Act, fundamentally remake federal health care for the poor and elderly, and push the…
Grim News On Health Costs In Retirement
If you need a reminder that Medicare covers only a portion of retiree medical expenses, check out this report. Released Wednesday by HealthView Services, a Danvers, Mass., company that provides retirement health-care cost data and tools to financial advisers, it finds that…
Social Security: How Divorce and Remarriage Affect Your Benefits
Social Security is a complicated program, with twists and turns in its rules that can trip people up even in the simplest of circumstances. For those who have gone through divorce or are remarrying, it can be even tougher to navigate…
Immigrants and Social Security
It’s no secret that immigration, specifically the influx of illegal immigrants, is an issue that the country direly needs to address. Also high on the agenda are grievous problems with Social Security. It should come as no surprise that one of…
Why putting off retirement savings until you make more money is a big mistake
People in their 20s have a list of excuses for putting off saving for retirement: Their paychecks are too small. They don’t know how long they’ll stay with a company. Why worry now about something that feels a million years away? But a…
Read This Before You Take Social Security By Chuck Saletta
One of the most important decisions you have to make when it comes to your retirement is when to start taking your Social Security benefits. Generally speaking, you can start any time between age 62 and age 70, and the…
What Should Seniors Know About Working While Retired?
For many, hitting retirement age means it’s time to hang up the work clothes and focus on family and leisure. But it’s becoming increasingly common for retirees to either stay at their jobs for longer, or even to return to…