Social Security
Agoraphobia and Social Security
Agoraphobia is a condition where the sufferer becomes anxious in environments that are unfamiliar or where he or she perceives that they have little control. Triggers for this anxiety may include wide open spaces, crowds, or traveling (even short distances). This anxiety is often compounded by a fear of social embarrassment, as the agoraphobic fears [...]
Seniors Need a $250 COLA in 2010
The National Committee To Preserve Social Security and Medicare delivered 120,000 petitions to Congress saying “Seniors Need A COLA”.
Senator Bernie Sanders: On October 15th, it is expected that social security administration will announce for the first time in 35 years that seniors will not receive a COLA. Based on the formula, that by law they [...]
Geithner Reacts to Social Security and Medicare Crisis
Timothy Geithner: “The Social Security and Medicare Boards of Trustees met this afternoon to complete their annual financial review of the programs and to transmit their Reports to Congress. I welcome my fellow Trustees. I also want to acknowledge the hard work and dedication of the chief actuaries, Stephen Goss and Richard Foster.
For generations, [...]
Will this extra money affect my SSI benefits?
Senior Citizen: I get Supplemental Security Income. My brother recently died and left me the money and he had a savings account. Will this extra money affect my SSI benefits? Will my SSI payments stop?
Social Security Representative: I was thinking a little bit about this while I was planning to give the answer. What I [...]
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 [...]
President Obama on Social Security, Medicare and Medicaid
President Barack Obama addressed Social Security, Medicare and Medicaid in Tuesday’s speech on the economy at Georgetown University.
President Obama: The problem with our deficit and debt is not new. It has been building dramatically over the past eight years, largely because big tax cuts combined with increased spending on two wars and the increased costs [...]
How does Social Security know how much a person has earned?
Tom Hess: This one, we leave up to the clients and IRS. The company of the client sends in the W2s every year. The client, if they are self employed, they fill out a tax return, and they submit that to the IRS. So whether it comes in by W2 by a self-employment tax [...]
Social Security Administration First to Go Live With CONNECT Solution for Nationwide Health Information Network
The Social Security Administration is realizing significant reductions in the time required to obtain medical records to support the processing of disability claims through the use of the Nationwide Health Information Network (NHIN) CONNECT solution developed by Harris Corporation. CONNECT is an implementation of the NHIN specification that enables federal agencies and healthcare providers to [...]
Social Security Trust Fund Owns More US Treasury Securities Than China, Japan, Russia and Brazil Combined
The G20 conference in London has drawn our attention to the large amounts of U.S. Treasury securities owned by foreign countries. An intriguing fact which arose from those reports are the proportions of the Social Security Trust Fund’s U.S. Treasury holdings: $2.419 trillion, which is more than three times as much as that of the [...]
