How Much Do You Know About Social Security? Check Out These Seven Surprising Statistics – Plus Some Related Advice from Rajiv

Social Security may be the biggest, most important, and least understood government program in America. If you consider the sheer amount of money the program spends and the huge number of Americans who rely on the program for all or part of their livelihood, you’d think we would all have a solid working knowledge of…

Taking early social security is usually a bad idea.

The Coronavirus Won’t Affect Your Social Security Benefits, but There Are Still Some Things You Should Know

Among the long and growing list of things people are worried about during the coronavirus outbreak, here’s one worry you can cross off your list: your Social Security benefits are not going to be halted or delayed. That’s according to this article recently published on the Motley Fool financial website. However, says reporter Katie Brockman,…

News from Washington: President Trump’s Proposed Budget Would Trim Social Security Benefits for Some Beneficiaries

Anyone who’s paying attention to the political arena knows we live in highly contentious times – and few government programs provoke more argument than Social Security. Politicians left, right, and center all claim they want to preserve this program which is critical to the livelihoods of roughly 64 million Americans. Yet as is so often…

Retirement Age: Working Until 70 – or Even Longer – May Not be an “Easy Fix” for Retirement Crisis, Study Reports

A year ago, we shared a pair of recent articles from authoritative news publications discussing what the “official” retirement age – as determined by Social Security eligibility – should be. Some policy-makers have recommended that “full retirement age” be set at 70, but one of our articles argued that this idea might be simply impossible…

Medicare

New Online Reporting Form will Allow the Public to Report Imposter Scam Calls to Social Security

The following article was taken from The Press Office on twitter @SSAPress   Social Security Administration and its Inspector General Announce New Online Reporting Form for Imposter Scam Calls   Andrew Saul, Commissioner of Social Security, and Gail S. Ennis, the Inspector General for the Social Security Administration, announce the launch of a dedicated online…

Taking early social security is usually a bad idea.

Social Security Fraud Advisory: Here’s How to Stop the Bad Guys from Stealing Your Identity and Ripping You Off

Every so often here on the AgingOptions blog we remind readers of the many ways in which scammers and con artists are out to steal your identity and your money. Social Security fraud seems particularly reprehensible to us, targeting seniors who are society’s most vulnerable victims. Today we offer two articles for your consideration, one…

A Six-Figure Mistake: New Study Shows Taking Social Security Too Early Costs the Average American Over $100,000

Here at the AgingOptions blog we read a lot of articles about Social Security, including an endless parade of recommendations concerning the best way to maximize benefits. Just last week we posted this article about the five Social Security myths that can cost you plenty. But over the past few days we’ve seen a barrage…

Taking early social security is usually a bad idea.

Beware of These Five Social Security Myths – They Could End Up Costing You Plenty

Here at AgingOptions we are constantly being reminded that there is a vast amount of misinformation out there about Social Security. This program, so important to senior Americans, is widely misunderstood – so much so that thousands of retirees are making decisions every year that can end up costing them a lot of money over…

Wish You Could Have a Financial Do-Over? USA Today Article Lists the Top Five Retirement Money Regrets

Do you have any financial regrets as you approach retirement? If we’re honest, every one of us would have to answer “yes.” We look back over debts we incurred, foolish purchases we made, investments that went sideways or money we misspent and we can’t help experiencing a little second-guessing. The good news is that we’re…

More Beneficiaries, Fewer Workers: New Report Confirms Pessimistic Outlook for Social Security and Medicare

Another year, another pessimistic report about Social Security. This past week the annual report from the trustees for the federal government’s Social Security and Medicare programs was released, and while it showed some slight improvement in short-term outlook, the long-range forecast remains gloomy. As the rapidly-growing number of retirees collides with a shrinking labor force,…