Social Security

A federal program of social insurance and benefits developed in 1935 as a way to lift the country out of the Great Depression. It includes retirement income, disability income, Medicare and Medicaid, and death and survivorship benefits. The program is funded through payroll taxes. Social Security faces the threat of one day becoming insolvent because of longer life expectancies, a large baby boom population entering retirement and inflation. This has created a major political debate but no resolution.

Most Recent

When Should You Retire?

It's still one of the best ways to tell how much monthly income you can generate from your nest egg without having to worry about outliving your savings.

When To Start Collecting Social Security

Is it smart to sign up for a check as soon as you turn 62, the youngest possible age? Or should you wait a few years, when you'll qualify for a bigger monthly payment? Here's how to decide what's right for you.