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Tag Archives: Social Security

How to Protect Yourself Following the Equifax Data Breach

It is estimated about 143 million Americans had their personal information stolen during a data breech at Equifax earlier this year. This is just about half of the population of the United States. Essentially, any individual with a credit report is potentially impacted. Equifax is one of the three major credit reporting agencies.  These agencies […]

When Parents Reject Your Ideas

Trying to help parents with their finances can be frustrating. We may see clearly what we think our parents should do, yet they may refuse. When it comes to parents and their money, adult children need to tread lightly. Parents may resent their children’s interference. They may fear they will lose their independence. We need […]

Managing a Loved One’s Social Security Benefits

When you are managing the finances for a parent who receives Social Security benefits, you may need to become her “Representative Payee.” Social Security does not recognize guardianships, conservatorships or powers of attorneys. If you handle your family member’s money with one of these documents and you need to manage her Social Security benefits, you […]

Navigating the Unfathomable Complexities of Medicare

More than 95 percent of Americans aged 65 and older depend on Medicare for their health insurance coverage. With over 55 million people utilizing Medicare, you would think it would be simple to navigate. But, it is not. “There can be little about Medicare that is automatic or clear or, especially in the midst of […]

Social Security: Not Your Private Retirement Account

Many people think, when they pay Social Security taxes, the government holds their money in a personal retirement account for them. This is not so. Social Security is a “pay-as-you-go” social insurance program. Payroll taxes paid by today’s workers and their employers are used to pay the people currently receiving benefits. When today’s workers retire, […]

From Out of the Dust Bowl Came Social Security

Social Security, the social insurance program that helps millions of Americans, turned 80 years-old last month. President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935. I had two serendipitous experiences this summer which brought to life the conditions leading to the creation of Social Security. First, I visited the Franklin […]