social security administration

7 Tax Tips for Same-Sex Couples

Changing federal and state laws and court rulings mean new rules on taxes and other financial matters for gay and lesbian couples.

7 New Social Security Rules for 2013

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.

Here's How Washington Is Likely to Trim Our Social Security Benefits

When Congress and President Obama make a budget deal to avoid the fiscal cliff, they're likely to use something called "chained CPI" to tweak how Social Security calculates cost of living adjustments. Here's a plain English explanation of what that means, and how it will effect your retirement.

Good Genes Are Priceless, but They Can Make You Millions, Too

Antisa Khvichava of the Republic of Georgia died earlier this month at a reported age of 132. And if none of us are going to live quite that long, her example is still a good reminder that our ever increasing life span has some critical implications for our long-term financial planning.

Pop Quiz: Who Gets the Benefit from Federal Entitlement Programs?

Over the past few years, the benefits that America offers its citizens have become the center of a huge debate. But who actually qualifies for benefits, and how are they designed to work? If you're interested in where entitlement spending goes, take a peek at our little quiz.

How to Retire With the Same Income You Have Now

Using the Social Security Administration's online system, you can run tailor-made scenarios showing how much you'll get from the government benefit when you retire. And from there, you can plot out your master retirement plan.

How to Get Your Ex to Help Fund Your Retirement

If you're divorced, your ex-husband or ex-wife might still be able to help you feather your nest in retirement. And there's at least one former-spouse benefit you won't need to go to court to get access to: payments based on their Social Security earnings record.

Dead or Alive: Thousands Mistakenly Declared Deceased

Each year, some 14,000 people are wrongly declared dead by the Social Security Administration, CNNMoney reports. Data-entry errors can lead to major financial turmoil for victims of these mistakes, who they can lose their benefits and credit.

Social Security Is in Far Worse Shape Than You Think

For years, policymakers have reassured the public that Social Security will be solvent for decades. But federal spending and income data from the Treasury reveals that Social Security is already deep in the red, with outlays exceeding payroll tax revenues by $76 billion in 2010 alone.

Squeezing Seniors: Social Security Stays Flat as Prices Rise

Besides the unemployed, nobody is getting hurt worse in this economy than seniors. Prices on many commodities are skyrocketing, but the Consumer Price Index, which is the yardstick used to adjust Social Security for inflation, is virtually unchanged.

Stimulus Program Sent Checks to 89,000 Dead, Incarcerated People

The federal government sent out checks to 89,000 dead or incarcerated people in 2009 as part of the $814 billion stimulus program, a watchdog reported. One component of the stimulus plan was the distribution of $13 billion by the Social Security Administration, The Washington Post said. The money was to go to 52 million eligible beneficiaries in checks of $250 each.

No More Do-Overs for Social Security?

A provision created to allow retirees to correct the mistake of tapping their benefits too early has been used by some as a fairly lucrative investment strategy. Now, the Social Security Administration wants to put an end to the practice.