Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownership • Disability Fraud...
an economics professor at Boston University, created software to help people maximize their Social Security benefits. Together, they've been trying to draw attention to what they call, "Social Security horror stories," caused largely, they say, by the Social Security A...
Retirees can boost their Social Security benefits by delaying, strategizing spousal claims and optimizing income sources. Kate StalterJan. 13, 2025 Maximum Social Security Benefit in 2025 Some people haven't received all their Social Security benefits, even though they paid into the syste...
Social Security operates as a key part of the U.S. social safety net, using a system of contributions and benefits. Here’s a detailed look at the process: Funding Social Security is funded through payroll taxes specified by the Federal Insurance Contributions Act (FICA). Employers and employe...
The Social Security Administration (SSA) is looking to reduce the amount of time the agency takes to process benefits for applicants as the agency transitions into the use of the General Services Administration’s single sign-on Login.gov tool, an agency official said this week. […] Civilian...
Social Security's trust funds can pay full benefits through 2035, the Social Security Board of Trustees said in June. At that time, the program will be able to pay 80% of benefits, the board projects. The historic high COLA in 2023 could accelerate the depletion of the trust...
First step - Place a temporary fraud alert on your credit Also known as an "Initial security alert" this tells the major credit bureaus that you're a victim of identity theft. If a business attempts to check your credit they're notified that a fraud alert has...
Common Social Security Scams Sometimes the goal of a Social Security scam is to steal the victim's identity so the impersonator can open a new credit card or bank account or even receive benefits in the victim's name. In other instances, the caller will demand money from the victim directly...
A Social Security number (SSN) is a numerical identifier assigned to U.S. citizens and some residents to track their income and determine benefits.
Social Security fraud leads to jail time Mother had collected benefits for a daughter who was not in her custodyJUDY HARRISONOF THE NEWS STAFF