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Latest Social Security Update January 29, 2011 at 05:05 PM

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January 29, 2011

Claim those tax deductions: Social Security numbers for kids BY

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Claim those tax deductions: Social Security numbers for kids
BY J.T. HOLMES, DISTRICT MANAGER SAGINAW SOCIAL SECURITY OFFICE There s good news for tax filers in 2011. The due date for your 2010 federal income tax returns is Monday, April 18, 2011 instead of the usual date of April 15. As you prepare your tax documents, don t forget you ll need Social Security numbers for your children if you want to claim them as dependents on your return. read more

CARTOON: Social Security's Return on Investment
Lisa Benson comments on the next financial crisis: This feature may not be reproduced or distributed electronically, in print or otherwise without the written permission of uclick and Universal Press Syndicate.

Social Security Gets a Reprieve for Now
Backers had geared up for a fight with the President over benefit cuts

January 26, 2011

Social security scheme slammed as unfair The social security scheme

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Social security scheme slammed as unfair
The social security scheme came under attack this week when members claimed they were the only Thais who have to pay for access to medical care.

Obama Defends Social Security But Aligns With Wall Street on Trade
by John Nichols President Obama used his second State of the Union Address to deliver a muscular defense of Social Security, the crown jewel program of the New Deal that progressives had feared was under threat as the president triangulated to the right following November, 2010, election setbacks for Democrats. read more

Social Security to run permanent deficits, Congressional Budget Office says
WASHINGTON -- New congressional projections show Social Security running permanent annual deficits unless lawmakers act to shore up the massive retirement and disability program. The Congressional Budget Office said Wednesday that Social Security will pay out $45 billion more in...

January 23, 2011

Savvy Senior: Social Security benefits: What's taxable, what's not? Dear

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Savvy Senior: Social Security benefits: What's taxable, what's not?
Dear Savvy Senior: Do I have to pay income tax on my Social Security benefits? I just turned 62 and am seriously considering early retirement. What can you tell me? - Ready to Retire Dear Ready: When you start collecting your Social Security retirement benefits, a portion of it might be taxable depending on your total income level and marital status. Here's what you should know. Crunch your n...

Spending, Social Security dominate Pompeo's first town hall meeting
Slowing federal spending was the topic new U.S. Rep. Mike Pompeo wanted to hammer home during Saturday's town hall meeting at Wichita State's Hughes Metroplex.

January 17, 2011

Social Security Breakdown to Hit Youngest Hardest Ten thousand baby

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Social Security Breakdown to Hit Youngest Hardest
Ten thousand baby boomers will retire every day for the next 19 years, which will double the number of those collecting benefits instead of paying taxes.

Payroll tax holiday brings Utah extra cash and Social Security fears
Payroll tax holiday brings Utah extra cash and Social Security fears By patty henetz The Salt Lake Tribune Updated Jan 17, 2011 02:07PM MDT Starting this month, workers paychecks will be a little fatter because President Barack Obama, Congress and tax-cut advocates pushed through a one-year provision that lops 2 percent off the usual mandatory contribution to the Social Security Trust Fund ...

January 14, 2011

Social Security cuts services on Nantucket, Martha's Vineyard Officials on

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Social Security cuts services on Nantucket, Martha's Vineyard
Officials on Nantucket and Martha's Vineyard have been told Social Security Administration representatives will...

10 common questions about Social Security
The Social Security program was established in 1935 to provide retirement income to certain workers. The program was later expanded to cover most of the workforce.

Social security can be saved: Thune says the key will be in making difficult decisions
A financially shaky Social Security system can be fixed for generations to come if the president and leaders of both parties in Congress are willing to make the tough decisions, Sen. John Thune, R-S.D., said.

January 11, 2011

Social Security Benefits: What s taxable, what s not? Do I have

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Social Security Benefits: What s taxable, what s not?
Do I have to pay income tax on my Social Security benefits? I just turned 62 and am seriously considering early retirement. What can you tell me?

SOCIAL SECURITY: Disabled children get benefits
Q: What is the definition of disability for children filing for Supplemental Security Income (SSI)?

Irwin Kellner: Washington, keep your hands off Social Security
Using Social Security tax revenues for anything other than paying benefits is wrong and illegal, writes MarketWatch s Irwin Kellner.

January 08, 2011

Where's My Check? Social Security Checks Delayed Richmond woman calls

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Where's My Check? Social Security Checks Delayed
Richmond woman calls CBS 6 after Social Security check delayed Annette Spaulding had no idea how she d pay for her diabetes and cancer medicine. She relies on her social security check to pay for prescriptions, groceries, rent and other bills.

Social Security benefits vs. taxes
Retirement planning involves sacrificing a portion of what we earn today and investing that money in the hope that one day we'll have enough assets from which we can draw an income.

Social Security "Raided?" Part Two
Social Security is mostly pay-as-you-go. That must be why the Social Security Trust fund reportedly has over $2 trillion in IOUs from the government

January 05, 2011

Social Security, Medicare a Bargain for Many New study tabulates

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Social Security, Medicare a Bargain for Many
New study tabulates programs lifetime taxes and benefits for typical consumers.

Pryor: Medicare, Social Security must be on table for spending cuts
LITTLE ROCK Medicare and Social Security must be on the table when the new Congress that convenes Wednesday looks at cutting spending to eliminate the deficit, U.S. Sen. Mark Pryor said today.

Some Social Security benefits may be taxable
Don't let your retirement be spoiled by taxes. Know the rules on what benefits are taxable.

January 02, 2011

There's no need to worry, Social Security is OK Social

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There's no need to worry, Social Security is OK
Social Security is an expensive program. But it is not about to explode, not now nor when the bonds in the Trust Fund run out. Nor is it broke, a Ponzi scheme or any of the other pejoratives often used to describe it. Costs are not rising at a frightening pace that will lead to its demise in a few decades.

Need to reform Social Security: Sen. Graham
The incoming congressional session needs to address the government s rising debt, pursue laws that create jobs and reform Social Security finally, said Sen. Lindsey Graham, R -- South Carolina.

Pro-Con | Should Congress reduce Social Security benefits and boost the retirement age?
At 75, our Social Security program is starting to show its age. The major source of retirement income for millions of Americans, Social Security is running a significant cash-flow deficit for the first time in decades.
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