Taking Social Security When You're Married Or Single Here's where deciding when to take Social Security gets a little tricky. First of all, know that if you die single and childless, all the Social Security you would have received after age 62 will go to nobody. Unlike a will orrevocabl...
Deborah Steelman
Comprehensive and meticulously documented facts about Social Security. 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 Ownersh...
Social Security disability benefits are available to adults 18 or older who are unable to work due to a physical or mental disability that is expected to last at least 12 months or result in death. You may still be eligible even if you haven't earned 40 credits, depending upon your age ...
Myth No. 1: Social Security is, or will be, ‘bankrupt’: Social Security will not run out of money. The program is financed by payroll taxes, so as long as workers pay into the system, money will always come in. …It’s the Social Security Trust Funds’ reserves that are projected...
It has been argued that the high cost of social security is in part responsible for the low levels of economic growth in industrialized societies since 1973. The argument takes three forms. First, it is said that high levels of unemployment benefits reduce the incentives to take paid work. Se...
Between the mid-1980s and 2009, Social Security was intentionally taking in more money than it was paying out, but as of 2010 it began to take in less. However, due to the treasury bonds purchased during the surplus years, the size of the trust fund will actually continue to increase un...
It’s been ten days since the Social Security annual report to Congress has come out. I’ve been waiting for the devotees of SS to write something cheery about the report. For the most part the cheerleaders have been silent. That’s with good reason. The report stunk. There’s nothing...
Social Security Commissioner Martin O'Malley said the agency must address the "mindless" way it recovers money wrongly sent to beneficiaries.
When Are You Eligible for Social Security Benefits? You're eligible for benefits at the age of 62, but you'll receive a reduced amount if you start taking them that early. Those who wait until age 67 (what's known asfull retirement age) will collect the full amount to which they’re...