New Hampshire House Candidates Clash on Social Security

The two candidates for a competitive House seat in New Hampshire duked it out over the future of Social Security in an Oct. 28 debate, which was broadcast statewide. “I will go to bat every single day” for Social Security, said Democratic Rep. Ann Kuster. Branding the system’s financing problems “easy to fix,” she called for raising the Social Security wage base limit from its current level of $117,000. >> AARP Voter Education Guide Republican challenger Marilinda Garcia voiced greater …

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 …

Illinois House Candidates Lock Horns on Medicare, Social Security

The candidates in a battleground congressional district in Illinois disagreed about the impact for Social Security and Medicare of a Republican-passed plan crafted by House Budget Committee chairman Paul Ryan (R-Wis.) during an Oct. 21 radio debate sponsored by AARP. Democratic challenger Ann Callis said that Ryan’s budget blueprint would open the door to privatizing Social Security and move Medicare to a “defined contribution” system. She has criticized her opponent, Rep. Rodney Davis (R-Ill.), for supporting a plan that she says …

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 …

Arkansas Senate Candidates Brawl Over Medicare, Social Security

In their final scheduled debate, Arkansas’ two major-party candidates for the U.S. Senate vigorously slashed each other on Social Security and Medicare issues. “The game plans for both men were plain as day — [Rep. Tom] Cotton repeatedly tied [Sen. Mark] Pryor to President Obama, while Pryor said Cotton was beholden to big-money interests who didn’t share the same goals as Arkansans,” a visiting newspaper columnist wrote of the Oct. 14 exchange in Fayetteville. In contrast to recent Senate debates in other …

The Disappearing Social Security Minimum Benefit

Social Security has a minimum benefit? Yes, it’s true. Congress designed the Social Security special minimum benefit in 1972 to help workers who have earned low wages for many years. But today, the benefit helps very few older Americans and unless Congress takes action, the benefit is on the road to extinction. Sophia’s story is typical. She worked for 25 years as a clerk in a factory and doing odd jobs for wages that averaged about $9 per hour (about …