Saturday - June 10, 2023
WordPress Site - Powered By OnDigitalPublishing

Posts Tagged With ‘ Social Security ’

 
Social Security in Multigenerational Families
March 7th, 2023

It’s not unusual for Black and Latino children to live with their grandparents, who are either the primary caregivers or members of a multigenerational family. And just as the grandparent is integral to the family unit, so are the Social Security benefits the grandparent receives and contributes to the household. The poverty rates in families with children would be much higher without the income from Social Security, according to new research on Wisconsin families. Nearly two-thirds of the study’s families in which a grandparent is a child’s primary caregiver rely on Social Security retirement... Continue Reading

March 7th, 2023
New Bill Aims to Boost Social Security Benefits by $200 a Month
March 4th, 2023

Democratic Senator Bernie Sanders is pushing for a new bill that could give current and future Social Security recipients a bit more cash in their monthly checks. The Social Security Expansion Act was introduced to Congress by Sanders and Peter DeFazio last year but didn’t get much traction. This time, Sanders has gained more support […] Originally Published on BoomerBuyerGuides.com Continue Reading

Disability Job Programs Get Mixed Reviews
February 28th, 2023

Nearly half of the people receiving federal disability benefits have a psychiatric impairment that interferes with working. And they tend to be younger and more willing to work than other disability beneficiaries. This makes them good candidates for employment support programs that encourage working at least part-time and might even prevent them from applying for benefits at all. According to a Mathematica review of research on three government jobs programs, the programs had some success in boosting participants’ employment and earnings. However, they didn’t prove effective over the long term... Continue Reading

February 28th, 2023
Will Social Security be There For Me? What You Need to Know
February 23rd, 2023

Jane had always assumed that Social Security would be there for her when she retired. She had been paying into the system for most of her working life, and it seemed like a reliable safety net. However, as she approached retirement age, she began to hear rumors that the program was facing some financial challenges. […] Originally Published on BoomerBuyerGuides.com Continue Reading

February 23rd, 2023
Fixing Social Security: How the US Can Create a New Era of Social Insurance
February 8th, 2023

As the US grapples with the debt ceiling debate, President Biden and the House Speaker have both vowed to keep Social Security and Medicare intact. While proposals to create commissions to examine the programs’ future exist, some experts warn this could fast-track changes without proper public vetting. It’s time to ensure the Social Security system is fixed and delivers on its promise of financial protection for all Americans. Originally Published on BoomerBuyerGuides.com Continue Reading

February 8th, 2023
50 Years of Financial Progress for Women
January 5th, 2023

As the lower-paid sex, women have no shortage of insecurities about their retirement finances. Only one in five working women feels “very confident” of being able to retire comfortably, the Transamerica Center for Retirement Studies reports in its annual retirement survey. More than half say they don’t earn enough or have too much debt to leave a lot of room for saving. Four in 10 expect to retire after 70 or not at all. These insecurities probably reflect, to some extent, the poor retirement preparedness of Americans as a whole, not just women. In fact, women have made significant strides... Continue Reading

January 5th, 2023
Readers’ Favorite Retirement Blogs: 2022
January 3rd, 2023

Older Americans who want to be smart about retirement finances are curious about the intricacies of Social Security. The blog that drew the most traffic from our readers last year – “The Bridge to a Larger Social Security Check” – suggested a strategy for getting more out of the program: delay signing up for Social Security by withdrawing savings from a 401(k) to pay the bills. Each year that Social Security is postponed adds 7 percent to 8 percent to a retiree’s monthly benefit check. A couple of years of delay, funded with savings, can provide significantly more money, month after month,... Continue Reading

January 3rd, 2023
Retiring to Care for Grandchild isn’t Unusual
December 13th, 2022

Retirement can change everything. So can grandchildren. A new study that looks at the transitions made by older workers finds that the odds of relocating after they retire to be closer to their adult children increase from the pre-retirement years – 16 percent of recent retirees do so. Some people make these moves, to within 10 miles of family, right around the time of retirement, but the relocations are still happening at least four years afterward. A new grandchild provides an even more compelling reason to move at a time quality childcare is expensive and in short supply. In the study, the... Continue Reading

December 13th, 2022
The Cost of Having a Disability in COVID
November 29th, 2022

In COVID’s early months, millions of workers’ incomes dried up as the unemployment rate skyrocketed. But older Americans were somewhat shielded from the downturn. That’s because they either are over 62 and on Social Security or receive federal disability benefits every month at higher rates than young adults. And just like everybody else, they got relief checks from Congress to soften the blow from the pandemic. Yet, despite the reliability of a government check, older Americans with disabilities suffered from “acute financial insecurity,” according to a new study that seeks to understand... Continue Reading

November 29th, 2022
How Fake Social Security Calls Trick Your Aging Parents
November 23rd, 2022

Scams targeting our aging loved ones never seem to stop. Now that thieves can spoof the recipient of a call by showing a “real” number on caller ID, it’s easier than ever for them to intimidate your aging parent. The way this evil game works is this: the caller has your aging parent’s telephone number and knows your parent to be at least of Social Security age. They buy this data. The caller immediately tells your loved one in an authoritative voice that her Social Security number has been blocked. Of course, this draws the expected reaction from most people. What should I do? They are... Continue Reading