10 results tagged Social Security Explained
Social Security Reform: Lessons from the Greenspan Commission
Social Security is heading toward a critical deadline: without action, the Trust Funds are projected to run dry by 2032, triggering an automatic 22% benefit cut that could cost a typical retired couple roughly $18,500 a year. In this conversation, Brett Loper, Executive Vice President for Policy at the Peter G. Peterson Foundation, breaks down what's driving the shortfall—an aging population and a worker-to-retiree ratio falling from 4-to-1 to just over 2-to-1—and why the program's original design is under strain. Drawing on the successful 1983 Greenspan Commission fix, Loper explains how the challenge can be solved with practical, bipartisan solutions.
France's Retirement Age Increase Could Signal Future Changes for U.S. Retirement System
France's Retirement Age Increase Could Signal Future Changes for U.S. Retirement System: France's increase in retirement age from 62 to 64 could have implications for the United States, as both countries are facing an aging population and increased longevity. Social Security is the primary federal program for retirees in the US, but the trust fund is projected to run a deficit in about 10 years. There has been discussion about increasing the full retirement age for Social Security beyond 67, which may place pressure on retirement savings and add stress to the lives of lower-income earners. Segal's National Retirement Practice Leader and SVP, Jonathan Price, discusses the need for education and information about retirement planning and the role of stakeholders such as employers and the government in ensuring sustainable retirement programs for future generations.
Your Social Security Benefit and Income Taxes
In part five of a six-part series on Social Security, Martha Shedden, the co-founder and president of the National Association of Registered Social Security Analysts, explains when beneficiaries have to pay federal income taxes on their Social Security benefits.
When Should I Start Taking Social Security?
Dana Anspach from Sensible Money answers the question: When should you start taking social security?
Social Security Survivors Benefits
What do widows need to know about claiming survivors benefits? Kurt Czarnowski a renowned social security expert, explains.
Social Security Claiming Strategies
How to use two social security claiming strategies to boost your benefit
Social Security’s Delayed Retirement Credits
Social Security's Delayed Retirement Credits: Alyson Dorosky, head of Social Security Support at Lifeyield, discusses Social Security's delayed retirement credits.
Minimizing Taxes on Social Security
Joe Stenken, J.D. for Ameritas Life Insurance, discusses ways you can minimize the taxes you pay on Social Security benefits.
How Are Your Social Security Benefits Calculated?
Have you ever wondered how Social Security is calculated? Jim Blankenship, author of A Social Security Owner's Manual, explains the ins and outs of how your Social Security benefit is calculated.
Ask the Hammer: How Can I Calculate What My Wife’s Spousal Social Security Benefit Will Be if I Claim at Full Retirement Age?
Jeffrey Levine of Buckingham Wealth Partners helps a viewer calculate what his wife's spousal Social Security benefit will be if he claims at full retirement age.