Learn more about Social Security by clicking here.

“People have lots of questions about Social Security: Will it still be around when I retire? How much will I get? How does the spousal benefit work?
That’s not surprising.
No government program is more important to so many Americans. This year,... — People have lots of questions about Social Security: Will it still be around when I retire? How much will I get? How does the spousal benefit work?
That’s not surprising.
No government program is more important to so many Americans. This year, Social Security is expected to pay $1.1 trillion to 69 million recipients of retirement and disability benefits and Supplemental Security Income. Nearly all Americans pay into the program and can expect to receive a benefit at some point in their lives. And it is the largest retirement income source for a majority of older households.
The New York Times recently invited readers to submit their questions about Social Security. Today, we’re responding to some of the most frequent ones.
via New York Times.
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**Learn more about Social Security by clicking here.**

Source: bit.ly

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“Retirement, Social Security and long-term care:
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social... — **Retirement, Social Security and long-term care:**
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social Security, only 25% say some reductions in benefits for future retirees will need to be made, while 74% say benefits should not be reduced in any way.
via Pew Research.
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We believe Social Security benefits should be BOOSTED for all working Americans.
**Sign our petition asking Congress to BOOST Social Security benefits for all working Americans by clicking here.**

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“Millions of Americans who rely on Social Security can expect to receive their biggest payment increase in years this January, according to projections released Thursday by the trustees who oversee the program.
But older Americans shouldn’t get too... — Millions of Americans who rely on Social Security can expect to receive their biggest payment increase in years this January, according to projections released Thursday by the trustees who oversee the program.
But older Americans shouldn’t get too excited…
…“Opponents of Social Security may once again try to use this report as an excuse to cut benefits, including raising the retirement age,” said Max Richtman, who heads the National Committee to Preserve Social Security and Medicare. “We must, instead, look to modest and manageable solutions that will keep Social Security solvent well into the future without punishing seniors and disabled Americans.”
via Associated Press.
The 2017 OASDI Trustees Report confirms that the Social Security Trust fund is stable and healthy for now, but faces challenges in the future if corrective action is not taken.
**via Trustees Say Social Security is Sound for Next Two Decades.**

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We also think it’s equally important to address benefit adequacy, because of the struggle that the middle class and working class have these days in saving for retirement.

via CNBC.

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Retirees should say ‘no thanks’ to Romney’s Social Security plan.

If history is a guide, retirees should not trust Romney with their Social Security benefits. During his 2012 presidential campaign, Romney and his running mate, Paul Ryan, advocated raising the retirement age (which is a benefit cut), lower cost-of-living adjustments (COLAs), and the creation of private Social Security accounts.

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bit.ly

Retirees should say 'no thanks' to Romney's Social Security plan

Max Richtman, opinion contributor

If history is a guide, retirees should not trust Romney with their Social Security benefits. During his 2012 presidential campaign, Romney and his running mate, Paul Ryan, advocated raising the retirement age (which is a benefit cut), lower cost-of-living adjustments (COLAs), and the creation of private Social Security accounts. The senator is clearly in the “entitlement reform” camp that purports to want to “save” Social Security by cutting it, implying that benefit reductions for seniors living on fixed incomes are somehow inevitable.

Louisville workers can gain big by delaying retirement

Workers in Louisville face a major — and very real — retirement crisis. Wealth inequality and workplace changes have practically sawed off two of the legs of the traditional retirement stool: pensions and private savings.

More than half of today’s retirees rely on the third leg of the stool, Social Security, for most of their income. (The average Social Security benefit in Kentucky is roughly $16,000 per year, only about $3,500 above the federal poverty line for individuals.) Even with Social Security, some 13% of Kentucky seniors live in poverty. The good news is that workers can increase the size of their future Social Security checks by delaying retirement.

States are helping future retirees get more cash from Social Security

Based on projected balances in 2050, 39 percent of workers would have accounts large enough to delay claiming Social Security by at least one year.

Sarah O'Brien

- Since 2012, more than 40 states have acted to implement or consider legislation to establish government-run retirement programs for workers whose employers don’t offer a 401(k) plan.
- About a fifth of workers in such strategies could delay tapping Social Security by two years or more, according to research from the Pew Charitable Trusts.
- For every year a person puts off claiming benefits, their monthly payment jumps by about 8 percent.
via CNBC.

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When is the best age for Americans to claim Social Security?

The timing of the claim is key. The earlier a worker files to receive Social Security, the lower the monthly payment for the rest of that worker’s life. The longer a worker waits, the larger the benefit.

LISTEN:

Claiming Social Security: Early or Later? Less Money Now or More Later?

Source: bit.ly politics social security entitlements retirement earned benefits social insurance retirement crisis retirees entitlement reform p2 older americans elderly seniors

Social Security is the most important retirement benefit for most American workers - it provides at least half of the income for 48 percent of retired couples, and for 71 percent of single seniors, according to the Social Security Administration. Also, Social Security benefits kept 22.1 million seniors, working-age adults and children out of poverty in 2015 according to an analysis of Census data released this week by the Center on Budget and Policy Priorities.

via REUTERS.

NCPSSM — People have lots of questions about Social...

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We believe Social Security benefits should be BOOSTED for all working Americans.

Retirees should say ‘no thanks’ to Romney’s Social Security plan.

Retirees should say 'no thanks' to Romney's Social Security plan

Louisville workers can gain big by delaying retirement

Boost Social Security Benefits NOW

States are helping future retirees get more cash from Social Security

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A bill to boost Social Security will finally get a full and fair hearing.