Social Security

The Connecticut Democrat has introduced comprehensive legislation in each Congress since 2014. What are its prospects in this session?

Real interest rates, which protect from inflation, have fallen in recent years, making it more expensive to finance future spending, Allison Schrager writes.

The Senior Citizens League made its forecast amid inflation fears and as advocates criticize the formula for calculating the annual adjustment.

The policy issues grow more urgent every year, but lawmakers haven’t passed any significant legislation for nearly 4 decades.

Even those who haven’t had a pay cut are revisiting the decision, with 22% tweaking the date, most aiming for a later exit, research shows.

Collecting too soon means lifelong, permanent cuts in monthly payments to you, your spouse and any dependents, says New School professor Teresa Ghilarducci.

The majority of the latest payments went to Social Security recipients and beneficiaries.

“In a good economy, older workers can work and claim later; in a bad economy, older workers are pushed out into the arms of Social Security,” an expert says.

The planning needs and strategies for a woman should focus more heavily on longevity and creating lifetime income streams after her spouse has passed away.

An estimated 9 million people haven't yet received Economic Impact Payments provided under the CARES Act.