By Laurence Kotlikoff, Forbes.com Social Security benefit provisions are so devilishly complex that I’ve come to believe that Satan, himself, had a hand in their construction. The ‘simple’ formula for determining the total benefits received by a married spouse involves 10 distinct mathematical functions, one of which is in four dimensions. And there are additional […]
By Chuck Saletta, The Motley Fool On Tuesday, The Congressional Budget Office updated its annual projections on the health of Social Security and its Trust Funds. In essence, if you’re still working and you’re depending on that program to cover your retirement — you’ll be in for a shock. Or three. Shocker No. 1: It’s […]
By Steve Vernon, CBS MoneyWatch News Analysis (MoneyWatch) Among the policies lawmakers are considering as part of the “fiscal cliff” talks in Washington is to change how the government measures inflation in Social Security payments. President Barack Obama has proposed adopting what is known as a “chained” Consumer Price Index, or CPI, as part of […]
By Allan Roth, CBS MoneyWatch (MoneyWatch) The foremost question for Americans approaching retirement age is when to start collecting Social Security. It’s a complex topic, and personal finance expert Mike Piper does an excellent job of clarifying the decisions in his short book, Social Security Made Simple. Here are three key points to keep in […]
Yesterday, I was forwarded the following email, with a note asking me if I planned to comment on it: Hey you, here comes Chaka Fatta. Hopefully this will not pass, but if it does, we will have a 1% on all credit card charges. ON JANUARY 1, 2013, THE US GOVERNMENT IS REQUIRING EVERYONE TO […]
America’s Social Security program seems unpredictable, but U.S. News & World Report has the hard facts on this year’s biggest changes.
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Taking action now can help you boost your benefits. Learn how to get as much money as you can from Social Security.