Retirement Planning
Pump Up Your Social Security
A few days ago, CNBC’s Sharon Epperson shares her helpful advice on how to maximize your Social Security benefits.
Reporter: This morning on today’s Fountain of Youth: Maximizing Social Security Payouts. More than 52 million Americans who draw Social Security will not see a cost of living increase next year. But according to US News [...]
Social Security Establishes Financial Literacy Research Consortium
Research Centers Will Develop Innovative Ways to Help Americans Plan for a Secure Retirement
Michael J. Astrue, Commissioner of Social Security, today announced the establishment of a new Financial Literacy Research Consortium (FLRC), made up of research centers at Boston College, the RAND Corporation, and the University of Wisconsin. The FLRC, supported through five-year cooperative agreements, [...]
The Need for Social Security
Lady Narrator: While the economy worsens, the future of Social Security remains uncertain. As many baby boomers approach retirement age, the funds are shrinking and expected to vanish. At the Covello Senior Center, many retirees share their concerns about this problem.
Milagros Ruiz: You know, we need that check. What are we going to live [...]
Worried about Social Security and your retirement?
If you’re worried about Social Security and your retirement, you should be. Hi, I’m Tom Cock from Merriman and let’s talk about the Social Security System. Remember this is a pay-as-you-go system. In other words, dollars are supposed to come in, dollars are supposed to get paid out. Unfortunately, the government, of course, has put [...]
“Just like you and I, Social Security is going to change”
Nicole Livas: 10 On Your Side wants to help you plan for a comfortable retirement. So we headed to Langley Federal Credit Union to sort out part of a Social Security mystery.
Tom Schaad: It’s a financial forms set up to explain the current status of Social Security and what it may hold for your future. [...]
Barbara Kennelly on Social Security and Medicare Trustees Report
News Anchor: Joining us now with her reaction is Barbara Kennelly, the President and CEO of the National Committee to Preserve Social Security and Medicare. She is a former Congresswoman from Connecticut who is a ranking member of the Social Security sub-committee and a former counselor to the Social Security Administration.
Miss Kennelly, welcome to Bloomberg [...]
Do you worry about your Social Security and Medicare?
TV Interviewer: Are you worried about your Social Security and Medicare?
Man1: Not particularly, because the risk of insolvency may seem a bit closer today than yesterday, but I have faith that the government can enact reforms to force through all that.
Woman 1: Absolutely.
TV Interviewer: How so?
Lady1: I don’t think it’s going to be there by [...]
Will my Social Security benefits change at full retirement age?
Senior Citizen: I received Social Security disability benefits. Will my Social Security benefits change when I reached full retirement age?
Social Security Representative: The benefit information will change, but you won’t really see it. The interesting thing that some of our clients don’t understand is that Social Security disability is calculated, you know, the amount, [...]
Should I retire at age 62 or 63?
Senior Citizen: If I start my retirement benefits at age 63, is the amount I would get the same as age 62?
Social Security Representative: I like to use this question here because the answer is something that most people should just kind of understand, but sometimes people get pension systems mixed up. Social [...]
Social Security Retirement Planning
“I’m just curious. How many people think we should delay Social Security as long as possible? A few folks. You’ve seen my talk before? How many think to take it as early as possible. A few folks. Okay.
And actually, the answer… there is not a single answer here. It is a personal decision like we [...]
