Delayed Retirement Today Even though we still tend to have this figure in our minds that people arrive at some real retirement age at 65, it has probably never been set in stone. The number may be enforced in the US by the fact that most workers become eligible for Medicare benefits at age...
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If you have been paying any attention to the recent budget debates, you have probably heard that both sides are proposing some cuts to federal entitlement programs. The big 3 are Social Security, Medicare, and Medicaid. However, I am surprised by the number of people who are not really sure what these programs are....
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Social Security Changes The Payback Option Under the rules, you could choose to take your social security checks at different ages. This choice would affect the amount of your payments. If you took your payments earlier, say at age 62, you would get less money. If you took your check at your normal retirement...
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Are You Thinking About When To Start Drawing A Social Security Check? You can take social security early, on time, or late. Your choice will affect your check amount by quite a lot. Actually the choice can be quite complicated, and most of us have a lot to consider. If you haven’t seen an...
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So, When Will Social Security Run Out of Money? This questions pops up quite often, both in casual comments and national news. We have been discussing it for years, but usually with mild concern. However, a recent New York Times article claims that social security payouts will be greater than income some time this...
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Is It Fair To Withhold Social Security Increases For Retired and Disabled Americans? Because the government has declared this a year with no inflation there will be no automatic cost of living adjustment (COLA) to payments made to millions of Americans who rely upon social security for retirement or disability benefits. This will be...
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