Senior Editor, Money Team

Eileen Ambrose is a senior editor and writer for the Money Team. She previously was a personal finance columnist with the Baltimore Sun.

Regrets? Older Workers Have a Few

Which would you rather have: a job that offers a 401(k) or one that doesn’t have a retirement plan but comes with a higher salary? If you’re like most pre-retirees ages 55 to 65, you’re more than five times more likely to choose the 401(k). That’s one of the findings of the third annual survey by American Century Investments, a Missouri-based money manager that polled more than 2,000 workers ages 25 to 65 about saving, retirement and regrets. When the …

New AARP Survey: Americans of All Ages Support Social Security

En español | As Social Security celebrates its 80th birthday, the program remains as popular as ever among all age groups, although some people are skeptical and confused about its long-term financial outlook. Those are a couple of the findings in AARP’s new report “Social Security 80th Anniversary Survey Report: Public Opinion Trends,” released Aug. 13. AARP has measured the attitudes of Americans ages 18 and older about Social Security periodically since 1995, most recently in June. Social Security Calculator: …

¿Se efectuará el ajuste por costo de vida en los beneficios del Seguro Social en el 2016?

In English | Casi 60 millones de beneficiarios del Seguro Social probablemente no reciban un ajuste por costo de vida el año que viene, según los pronósticos publicados en los informes del 2015 de los administradores del Seguro Social y Medicare. Esta sería la tercera vez desde 1975, cuando entraron en vigor los aumentos automáticos, que los beneficiarios del Seguro Social prescindirían del COLA (ajuste por costo de vida). El COLA este año fue de un 1.7%, aumentando, a partir …

Nueva encuesta de AARP: Las personas de todas las edades en Estados Unidos apoyan el Seguro Social

In English | El Seguro Social está celebrando sus 80 años, y el programa sigue tan popular como siempre entre todos los grupos etarios, aunque algunas personas tienen dudas y se sienten confundidas acerca de las perspectivas financieras del programa a largo plazo. Esas son algunas de las conclusiones en el informe nuevo de AARP, el “Informe de la encuesta del 80o aniversario del Seguro Social: tendencias de la opinión pública” (resumen en español aquí), publicado el 13 de agosto. …

2016 Social Security COLA? Don’t Bet on It

En español |  Nearly 60 million Social Security recipients will probably not get a cost-of-living increase next year, according to projections in the 2015 Social Security and Medicare trustees reports. This would be the third time Social Security beneficiaries have gone without a cost-of-living adjustment (COLA) since 1975, when automatic raises were put into place. The COLA this year was 1.7 percent, making the average monthly check for retired workers $1,334 as of May. Increases in benefits are tied to …

Social Security Outlook Improves, but Disability Needs Urgent Action

The financial health of Social Security has improved slightly in the past year, with the system expected to exhaust its reserves to pay benefits in 2034, a year later than previously projected, according to the 2015 Social Security Trustees Report, released July 22. At that time, if Congress has taken no action, Social Security will have enough payroll taxes coming in to cover 79 percent of promised benefits for another 56 years, the report said. The annual report forecasts the …