7 Social Security Quirks You Should Know

Note: Join AARP expert Jean Setzfand today, Friday, October 24, from 2 to 3 p.m. ET for a live Facebook Chat with Yahoo! Finance about Social Security claiming and ask Jean or another expert your own question here: https://www.facebook.com/yahoofinance. See Setzfand’s advice in a story from Yahoo! Finance just posted today as well: http://finance.yahoo.com/news/3-ways-to-boost-your-social-security-benefit-163853751.html. As I travel and talk with folks about planning for their future, “when to claim Social Security benefits” is, hands down, the most frequently asked question …

Social Security Benefits to Rise 1.7% Next Year

Social Security benefits will rise by 1.7 percent starting in January, the Social Security Administration announced Wednesday. That’s a tad higher than this year’s 1.5 percent increase. It’s also the fourth straight year that the cost-of-living adjustment was below 2 percent for nearly 59 million retirees, disabled workers and their families. The adjustment amounts to about $22 a month for those who receive the average monthly benefit of $1,302. >> See AARP CEO Jo Ann Jenkins’ statement on the COLA “The …

Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …

Bloomberg Gives Shout-Out to Older Workers

Michael Bloomberg, founder of the financial services company Bloomberg LP and former mayor of New York City, says younger people worry about hiring older workers. They come up with a lot of excuses, like older workers are “old school” or “won’t fit in with the culture,” but the bottom line is they don’t want older employees, Bloomberg said at a panel in New York today. >> 10 Growing Job Fields Kudos to Bloomberg for calling this out. Not only is this, er, …

Holiday Hiring Season Should Be Jolly

If you’re looking for work this holiday season, there’s reason to be ho-ho-hopeful. Employers are expected to hire more than 800,000 seasonal workers as the economy continues to improve and consumer spending picks up, according to an annual holiday hiring forecast. John A. Challenger, CEO of the outplacement consultancy Challenger, Gray & Christmas in Chicago, which issued the forecast, says the hiring spree will take place in October, November and December. If his projections are correct, it would be the first …

9 Things to Know if You’re Laid Off After 50

Tales from the newly laid-off have been overflowing my Facebook news feed of late. These journalist friends, all of them over 50, are gobsmacked by the idea that their publications will go on without them. I get it — the same thing happened to me five years ago — and I’m heartsick for all of them. On the dark day in 2009 when I was unceremoniously dismissed from USA Today, I was informed that my job had been “eliminated.” Of course, …