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Social Security News

Seven things to know about Social Security

Posted on May 17, 2013

Social Security turned 75 last month, and many facets of this huge institution are not widely known. Here are seven things you should know about Social Security, according to an article by U.S. News and World Report reporter Emily Brandon. 1. It’s not only a retirement program. Disability benefits and payments for a beneficiary’s spouse and children were added to the program. Annual mailings to all workers age 25 and older include an estimated amount you would be paid if you become disabled and how much your spouse and children... Read More

Social Security: Broke!

Posted on May 16, 2013

This year Social Security will pay more in benefits than it receives in payroll taxes. We all knew the day was coming, and that day will happen sometime this year and throughout next year according to an announcement by Social Security officials, including Treasury Secretary Tim Geithner, on Thursday. This is the first time in 30 years Social Security will pay out more than it collects, but it surely will become more common place in the near future. According to the same officials, Social Security will be in the red... Read More