Social Security funding crisis looms as baby boomers retire
Social Security gets the bulk of its funding from payroll taxes. And while that revenue stream is set to continue, in the coming years, it will shrivel as baby boomers exit the labor force in droves.
Planning to Work While Claiming Social Security Early? Brace Yourself for This.
The Social Security Administration assigns everyone a full retirement age (FRA) based on their birth year. It's 67 for most ...
I'm Not Counting on Social Security COLAs to Carry Me Through Retirement. Here's What I'm Doing to Combat Inflation Instead
This isn't to say that nobody on Social Security continues to work. The program does allow workers to earn money from a job and collect benefits, albeit with earnings-test limits that are applied to ...
I’m 62, divorced and struggling to make ends meet. I put my career on hold and raised our kids while my ex made a $200,000+ salary. Can I claim his Social Security?
Preparing for retirement is not always easy, especially when you’ve spent decades putting your career on hold in order to ...