If Republican Congressman Samuel Johnson, Chairman of the House Social Security Subcommittee, has his way, many American workers will end up with far lower Social Security benefits when they retire. On the other hand, some low earners will end up with more. Johnson's bill, introduced on December 8th, produces these [...]
When I encounter large companies acting in what appears to be a fraudulent matter, I presume I'm not special and that the company is harming the public in general. At that point I go slightly nuts and get far too aggressive (my wife says the right word is "rude") on [...]
Today’s column examines how spousal benefits are calculated, the ability to switch to a spousal benefit after taking a retirement benefit, the effect of collecting a spousal benefit on the other spouse's retirement benefit, submitting an application and sequencing benefits for a married couple.
Today’s column examines withdrawing an application for a benefit, survivor benefits based on non-citizen's Social Security taxes paid, sequencing benefits, the utility of being held harmless and whether it's possible for spouses to receive spousal benefits simultaneously.
Dear President-elect Trump, Your economic advisors apparently haven't told you this, but the U.S. has a fiscal gap of $206 trillion. This is the true measure of the country's indebtedness. It is the present value difference between all projected future spending (including servicing net official debt) and all projected future [...]
Today’s column examines effects of the new law, switching to disability benefits, whether filings early with young children makes sense, foreign spouses and whether taking widow's benefits while still working would be worth it.
Today’s column examines the continuing option to suspend receipt of benefits, when to file, using the file/suspend/reinstate strategy, whether filing for and suspending a retirement benefit before a spousal benefit makes any sense at all and the availability of widow(er)'s benefits.
Today’s column examines the very common problem of misinformation about Social Security –– this time from a banker, filing early, sequencing benefits for a couple, filing from a foreign country and spousal benefits.
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Professor of Economics, Boston University and President, Economic Security Planning, Inc.