Jul 05, 1:11 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Sean Williams 07/05/18 AT 11:54 AM For nearly eight decades -- it began payouts in 1940 -- Social Security has been a financial rock for a number of retired workers. Today, it's a program that more than 60% of all aged beneficiaries rely on to provide at least half of their retirement income. And, looking forward, Gallup's April 2018 survey suggests it's a program that 84% of non-retirees will need in some capacity to make ends meet during retirement. This article originally appeared in The Motley Fool. But for as great as Social Security has been for retired workers, the disabled, and survivors of deceased workers, the nation's most important social program is about to hit its biggest speed bump in history.Say Goodbye To $700 Billion In Asset Reserves Over The Next DecadeThe newly released annual report from the Social Security Board of Trustees … [Read more...] about $700 Billion Will Disappear From Social Security’s Coffers Over The Next Decade
Saving social security
Last Updated Jun 9, 2018 2:43 PM EDT An unexpected weakening in the finances of Social Security and Medicare has raised concern about the bedrock programs for the middle class. The problems may only keep getting worse in a time of political tension and deep partisan divisions.Here are some questions and answers on an issue that ultimately will affect every American family and isn't going away:What's new?The government's annual Trustees Reports on the programs shows the financial condition of both worsening significantly since last year. The projected insolvency for Social Security stayed unchanged — in 2034 — but Medicare's moved three years closer, to 2026.A more immediate warning signal caught the eye of experts.Both programs will start tapping their reserves this year, meaning that income from payroll taxes and interest earned by the Social Security and Medicare trust funds will no longer cover costs. That threshold was still a few years away in the 2017 checkup."The … [Read more...] about How worried should you be about Medicare and Social Security lasting?
Ricardo Alonso-zaldivar, Associated Press Updated 9:48 pm, Friday, June 8, 2018 Photo: Patrick Semansky, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this Jan. 11, 2013 file photo, the Social Security Administration's main campus is seen in Woodlawn, Md. A significant worsening in the financial condition of Social Security and Medicare and bitter political divisions among lawmakers who'd have try to find solutions have raised the level of concern around the government's latest status report on the two bedrock programs. less FILE - In this Jan. 11, 2013 file photo, the Social Security Administration's main campus is seen in Woodlawn, Md. A significant worsening in the financial condition of Social Security and Medicare and bitter ... more Photo: Patrick Semansky, AP Should you be worried about Social Security and Medicare? … [Read more...] about Should you be worried about Social Security and Medicare?
Facebook users in the United States who want to run certain ads on the platform will need to hand over the last four digits of their social security number and a picture of a government-issued ID.The social network now requires anyone who wants to run ads related to political campaigns, civil rights, immigration, guns, economy, and other issues, to prove they're in the United States. Part of the proof required is the last four digits of your Social Security number.The move is part of a series of initiatives by Facebook to increase transparency on the platform after a Russian government-linked troll group spent thousands of rubles on Facebook ads targeting Americsans ahead of the 2016 presidential election.In addition to a Social Security number, users wishing to buy ads will need to provide a picture of a government-issued ID and a US mailing address. Once Facebook verifies the information submitted, the company will mail a code to the provided address to … [Read more...] about Facebook now requires your Social Security number to buy political ads
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Get There Perspective Perspective Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by Michelle Singletary by Michelle Singletary Email the author April 30 at 7:27 AM Email the author The Social Security Administration increased benefits by 0.3 percent in 2017. (Bradley C. Bower/AP) A key part of your retirement planning should be an understanding of your Social Security benefits. This monthly check is a safety net, and the timing of when you start taking benefits can be a game changer. “If you have average earnings, your Social … [Read more...] about What you don’t know about Social Security could cost you a lot of money