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,…

Want to Maximize Social Security for You and for Your Spouse? Avoid These Seven Common Mistakes

Every so often we think it’s a good idea to revisit a common topic that is both vitally important to retirees and widely misunderstood: Social Security. These benefits constitute the bulk of the income for millions of retirees, yet year after year people make mistakes that end up costing them and their surviving spouses tens…

Retirement Age: Working til 70 May Not be an “Easy Fix” for Retirement Crisis, Study Reports – so How About 80?

A pair of recent articles on authoritative news websites have provided an interesting perspective on the question of what the “official” retirement age – as determined by Social Security eligibility – ought to be. One article quotes a study showing that the common recommendation to work until age 70 might not be possible for a…

Is it time to fire your doctor?

Ready for Medicare, but not for Social Security? Some Important Things You Need to Know

Medicare and Social Security: in the minds of many these twin pillars of retirement seem to go together. Yet in fact, signing up for Medicare and starting Social Security benefits are separate decisions, and if you’re one of the millions who plan to delay beginning Social Security until after age 65, there are some important…

Taking early social security is usually a bad idea.

Is It Best to Delay Social Security Benefits Until Age 70? Rajiv Nagaich of AgingOptions Says That’s the Wrong Question!

Every few weeks, it seems, we encounter a new article or two trying to provide a definitive answer to a familiar question: when is the best age to begin taking Social Security benefits? Two such articles came to our attention recently, articles we found notable because the authors disagree pretty strongly with each other’s recommendations.…

Medicare

Don’t be Misled by False Medicare or Social Security Ads

With millions of people relying on Social Security or Medicare, scammers target audiences who are looking for program and benefit information. Online and otherwise, there’s a lot of information out there, and sometimes it’s difficult to tell what sources are credible.   The law that addresses misleading Social Security and Medicare advertising prohibits people or…

The Capitol Building is where they debate social security benefits.

Social Security Benefits are Safe, says Kiplinger – Does That Mean We Can All Rest Easy?

It seems like the rumors never stop flying: Social Security is going broke, they say, so you’d better start claiming benefits now because the program isn’t likely to be around much longer. Somebody in your circle of friends, probably your cousin’s next-door neighbor, always claims to have the inside scoop about how this benefit that…