The Social Security Administration has implemented a variety of new rules and features for 2013. Here's a look at some of the recent Social Security changes that go into effect this year, and how they'll affect your payments.
Among the personal finance New Years resolutions we've recommended for retirees is making sure you're getting a decent interest rate on your savings. But banks are making it awfully hard to pull that off.
Inflation may not feel like much when you are working, but it can have a significant impact on the buying power of your retirement savings. These adjustments can help you to minimize inflation's bite.
You may have heard of reverse mortgages as a way for seniors to tap the equity in their homes to pay for living expenses, but there are other ways that older homeowners are using their homes to get by.
Mitt Romney has been taking some flak for saying the he's not going to try to win votes among the 47% of the populace that pays no federal income tax -- nor try to convince them to "take personal responsibility and care for their lives." But he should look more closely at who's in that group.
Here's a disturbing fact about Social Security you may not have heard about: For an increasing number of new retirees, the amount that Social Security will pay out in benefits will end up being less than the payroll taxes they paid in.
Older Americans are under more financial pressure than ever. Unfortunately, scam artists are taking advantage of the sometimes desperate needs of seniors to boost their income, and victims have lost huge portions of their life savings as a result.
Ahead of AARP's planned "secret" salon on the future of Social Security, we offer two retirement experts' dramatically different proposals for solving the crisis. Chuck Saletta's view: You can't fix the program with tweaks and small changes.
The woes Social Security faces have generated plenty of worried talk lately, but even if nothing changes, it'll be solvent until 2036. But Medicare, the other major government program that retirees rely on, is on course for financial disaster years sooner. That program, of course, is Medicare, and the funding situation for the portion of its benefits that retirees receive looks even scarier than Social Security's prospects right now.
Described as a "fear tactic" by critics, the White House warned Tuesday that if Congress fails to raise the debt ceiling soon, come August, millions of Social Security recipients may find themselves without a check. The comments were met with a firestorm of criticism by seniors and their advocates.
Shacking up isn't just for young folks anymore. Plenty of unmarried retirees are spending their golden years together. And while skipping the "I dos" can seem like the easier course, just living together can be complicated at this time of life. But we've got some tips to help you avoid the pitfalls.
Job growth in the traditional market is tepid, but among contractors, freelancers and e-lancers, hiring is booming. Of course, if you go that route, that means you have to handle a host of things your employer used to, but there are ways to make it less of a chore -- and new companies looking to help.
Like a tree laden with ripe summer fruit, plump 401(k) accounts can appear as tempting sources for an easy loan, especially when other financial resources have dried up. And more people than ever have been plucking from that tree. It's not always the wrong move, but here's why it should be a last resort.
Wouldn't it be great if you could plot your retirement with one simple mathematical equation? We're not there yet, but Lincoln Financial Group comes close. Their formula: Just save up 10 times your annual income for retirement. But does the 10x Rule really work?
The Tea Party-led Republican Party has already won the battle to cut this year's federal budget, and it has announced a plan to dismantle Medicare. Is a proposal to cut Social Security payments next?