A Teachable Moment about Social Security Benefits

Three young workers surround a computerIt appears we have a knowledge gap among younger workers when it comes to Social Security. Recent analysis from the nonpartisan Employee Benefit Research Institute (EBRI) shows a quarter of younger workers believe that Social Security will not be part of their income in retirement. This compares with 13% of those over 45 who believe the same thing.

Younger men are more likely (29%) than younger women (21%) to say Social Security will not be an income source in retirement. And 41% of the nonbelievers have talked with a professional financial advisor about retirement planning, suggesting there are advisors out there who are discounting Social Security, too.

Younger workers who have estimated their Social Security benefit are more likely to believe it will be a source of income in retirement (28%) than those who haven’t (20%).

It appears we have a ‘teachable moment.’ For the average worker, Social Security may replace about 40% of preretirement income. It’s important to factor this benefit into their retirement planning. Think about how much of an impact 40% can have. If you’re training for a marathon, would you want to run 36.5 miles? Or stick with 26.2, which is 40% less of a trek. When you’re figuring out how much you need to save for retirement, isn’t it good to know that about 40% of your goal is automatically covered?

An easy way for workers to understand the role Social Security will play in their retirement is to go online to create a free my Social Security account today and get an estimate of future benefits.

Some of the knowledge gap may instead be a confidence gap. Under the intermediate assumptions of the 2014 Trustees Report, Social Security will be unable to pay full retirement benefits starting in 2033. If nothing is done by our lawmakers, benefits will be cut by about a quarter after 2033. Closing the funding gap would also likely help close the confidence gap.

Kathy Stokes is a communications consultant. She is the director of the American Savings Education Council, a national coalition of private and public sector institutions committed to making retirement planning and saving a priority for all Americans. ASEC is a program of the EBRI Education and Research Fund.


114 thoughts on “A Teachable Moment about Social Security Benefits

  1. My so is 9 , how will you guarantee that Social Security will be there when he retires at whatever age retirement is at that time. I have little faith that he will be able to utilize this retirement option in additional to 401k’s and investment accounts such has Mutual Funds , stocks etc.

    • Thanks for your question, Chris. According to the Social Security Board of Trustees, the combined assets of the Social Security trust funds are projected to be depleted in 2033. If Congress does not act before then, there will only be sufficient income coming in to pay 77 percent of scheduled benefits. For more information, see The 2014 OASDI Trustees Report.

    • Of course, any future Congress could raid the Social Security Fund to pay for their latest project, so, there is no reason to believe that anyone will be able to collect anything. Better to make good investments and don’t retire until you have to–like me!

  2. While I appreciate that Ms. Stokes is trying to bolster confidence in the availability of Social Security during retirement, her last paragraph goes straight to the heart of why I believe that Social Security will be very minimal or even non-existent in my retirement. Looking at what the SSA claims will be my income when I retire does not make me confident that the money will actually be there. The confidence must come from the politicians who frankly seem primarily interested in thwarting each others’ attempts at resolving issues instead of actually working on the issues.

    • Benefits for current Social Security beneficiaries are primarily funded by the FICA tax “contributions” of current workers. Sure, there are Trust funds that the gov’t has supposedly retained to pay future benefits, but in reality this money has been spent (primarily on the military industrial complex and unfunded wars). What the Trust funds now actually hold is primarily only low-interest bonds (paper promises of our gov’t to repay).

      As the baby boom generation ages, they increasingly file for disability and/or retirement. If one ignores bond interest to the Trust Funds (that really the gov’t has to pay out from other revenues anyway), funds flowing to the Trust Funds has been running in the red since about 2010. Within just two years, the bonds held in the Disability Trust fund are expected to be exhausted. What will likely happen is that the gov’t will transfer some of the excess bonds the Retirement Trust fund still holds to the Disability Trust Fund.

      Balancing between Trust Funds has happened before, though this time Republicans indicate they will oppose it to make the point that deficits flowing from the Trust Funds are becoming increasingly difficult to fund. Within about 19 years (a date that keeps moving & that can really only be estimated), even the Retirement Trust Fund will run out of money. At that point, paying already promised benefits would require the gov’t funding a full 25% of the benefits SSA pays monthly from revenues other than FICA.

      So what will happen? Well long term, it is the strength of the economy that will determine if the gov’t is able to keep its promises. If the overall economy is good, the gov’t will likely find some way to meet its obligations. Several possibilities exist, such as by raising the full retirement age past age 67, though this would be a hardship on those that have physical jobs (as they often can’t continue to work in later years without risking injuries that might haunt them in their retirement years). My favorite solution is to raise the FICA cap (the maximum earnings on which FICA taxes are paid, currently around $115k/yr), or to progressively increase other taxes.

      • If the Actuary is too feeble to tolerate the “pain in the OASDI” and isn’t patient enough to do the extremely difficult math our children are in trouble because the Judeo-Christian calculator they rely (pronounce re -lie) upon, that always equals 666, complicates their looming deprivation of relief benefits conviction on the DI account with genocide.

        Free Disability Insurance Reallocation Tax (DIRT) Act

        To immediately amend the DI tax rate from 1.80% to 2.30%, from 0.90% to 1.15% for employees and from 0.90% to 1.15% for employers under Sec. 201(b)(1)(S) of the Social Security Act 42USC(7)II§401 and amend the OASI tax rate from 10.60% to 10.10%, from 5.30% to 5.05% for employees under 26USC(C)(21)(A)§3101 (a) and from 5.30% to 5.05% for employers under 26USC(C)(21)(A)§3111 (a) to avoid depletion of the Disability Insurance (DI) Trust Fund in 2016 without increasing the overall 12.4% OASDI or 15.3% OASDI and Hospital Insurance (HI) tax-rate under 26USC(A)(2)§1401.

        To amend the DI tax rate again in 2018 to 2.20% from 2.30%, from 1.15% to 1.10% for employees and from 1.15% to 1.10% for employers under Sec. 201(b)(1)(S) of the Social Security Act 42USC(7)II§401 and amend the OASI tax rate from 10.10% to 10.20%, from 5.05% to 5.10% for employees under 26USC(C)(21)(A)§3101 (a) and from 5.05% to 5.10% for employers under 26USC(C)(21)(A)§3111 (a) without increasing the overall 12.4% OASDI or 15.3% OASDI and Hospital Insurance (HI) tax-rate under 26USC(A)(2)§1401 to maximize efficiency until a deficit appears in the OASI Trust Fund in 2020.

        Without Income Limit Law (WILL) Act

        To abolish the maximum taxable limit on DI contributions in 2016 and OASI contributions in 2017 and repeal Adjustment of the contribution and benefit base Section 230 of the Social Security Act 42USC(7)§430.

        To require the Social Security Administration to pay for SSI Costs beginning in 2017.

        To share profits in excess of social security program costs to the general fund of the U.S Treasury on a sliding scale beginning in 2017 DI 50/50 prioritizing the $22 billion + 2% annual growth cost of USPS, and OASI 10/90 to eliminate the federal budget deficit. In 2020 OASI would share at negotiated rates an estimated 25/75, in 2025 OASDI would share 50/50 and by 2030 75/25 and at 2035 OASDI would take all to pay for peak in costs of Baby Boomer generation and might need to raise the overall OASDI tax rate.

        • Eliminating or at least modifying the FICA cap & rebalancing the Trust Fund contributions as you suggest makes sense. I also agree that from an administrative aspect, incorporating SSI within the Social Security program as a “minimum floor benefit” makes sense.

          Unfortunately, from a political aspect, I don’t think combining SSI with SSA has legs at this time. Already the same gov’t employees and offices administer both programs, but the funds used to administer and pay the two programs come from two entirely separate sources. Unfortunately, simply administering both programs through the same offices has resulted in SSA being overwhelmed with complaints that it is those on SSI that have never worked that are bankrupting SSA.

          I will agree with you if your underlying suggestion is that we simplify the SSI program and modify it to essentially serve as an income floor for our country’s aged/disabled social insurance programs. SSI’s current “in kind income” considerations that attempt to determine if its recipients pay their fair share of food & shelter expenses (not counting food stamps or subsidized housing) is often grossly unfairly administered and it adds more to the program’s administrative overhead than the resultant program savings are worth. As an additional item, I think both Social Security and SSI should offer short-term disability, similar to SDI in California. One could think of this as an unemployment type benefit for those that temporarily have become medically unable to work. Currently few workers have such coverage & even short-term disability often results in bankruptcies and serious disruptions to family life.

          Most current USPS employees already pay into Social Security. Other than this, I think USPS’s own retirement system should remain independent of Social Security. If Congress will reverse its current requirement for USPS to prefund within 10 years its expected retiree medical benefits for the next 75 years, & if Congress stops micro-managing that agency preventing it increasing its profits by venturing into other related services, USPS will do just fine on its own.

        • Never saw a user name so fitting :
          f the Actuary is too feeble to tolerate the “pain in the OASDI” and isn’t patient enough to do the extremely difficult math our children are in trouble because the Judeo-Christian calculator they rely (pronounce re -lie) upon, that always equals 666, complicates their looming deprivation of relief benefits conviction on the DI account with genocide.

      • There is no “Trust” Fund left. Starting with Reagan and ending with Clinton, the fund was spent to cover bad books because they were seen as “just taxes”.
        There was no actual lock box, they would say. They started by leaving IOU’s but ended in just U’s.

  3. I am one of those over 45 who believe that Social Security will most likely not be there for me. I can already see that while my mother got a check month she was not able to live off that amount and the same for my mother-n-law. Both of which had to move in with my husband and myself because they did not plan on having any other back ups. SS will most likely still be around when I retire but I will not be able to live off of it unless I invest in other accounts. Right now I make twice the amount I will get from SS when I retire in about 9 years. I don’t see how I will be able to survive on 1/2 my income without a supplement. That is what I have been teaching my son to invest now in other place because while it may be there you can’t live off of it.

    • Social security was NEVER meant to be able to totally live off of. It was ALWAYS meant to subsidize ones retirement.

      • We all know that most people will have to live on Social Security because very few people can make enough to have a savings…Wake up … Strength is in numbers. Your best bet is to go with something that has become part of our system. Make the government honor the contract that it has made. Why do you think a 401 will be safe?

    • Thank you for your comment, Julia. You are absolutely right; achieving the dream of a secure, comfortable retirement is much easier when you plan your finances and prepare for the future. Social Security was never meant to be one’s only source of income during retirement. For the average worker, it replaces only about 40% of pre-retirement earnings, yet financial advisors say you’ll need 70%-80% of your pre-retirement earnings to live comfortably. For a strong retirement, you’ll also need income from private pensions, savings, or other investments. Please see our Social Security Retirement Planner for detailed information about Social Security retirement benefits under current law.

  4. I will be 64 soon and plan to start drawing SS at age 66. If and/or when cuts are made to monthly payments will I be affected? I’ve been paying into social security since age 16 and count on having that income for my retirement years.

    • Thanks for your question, Connie. According to the Social Security Board of Trustees, the combined assets of the Social Security trust funds are projected to be depleted in 2033. If Congress does not act before then, there will only be sufficient income coming in to pay 77 percent of scheduled benefits. For more information, see The 2014 OASDI Trustees Report.

  5. SS was not meant to be your ONLY income source for your retirement years. The same goes for Veterans pensions and disability payments. Our system is not equipped or designed to meet those needs. The SS and other assistance programs are meant to be there as a bridge to ensure you have enough.

    • My father has no pension and lives entirely off of his $1500 a month social security benefits. Fortunately his house is paid for. He lives simply.

  6. Julie you are 100% correct! I don’t think that anyone in their right mind should ever plan on living off social security alone. You should have a 401k, 403b, savings and or a pension if you are lucky. I retired last year, am lucky to have a pension, social security, mutual funds, sep-Ira and savings. We have to teach our children the importance to begin planning early so that they too will have the money they need to make it in retirement.

  7. I would like to know why is it that when the average person retire with only there social security to live off of and no other means, we can only receive maybe half of what we earned or in some cases less than half, but when our representatives leave office they get the full amount they were getting when they were in office. Why is that?

    • Darius, Social Security has a national toll-free telephone service for TTY users: 1-800-325-0778. This service is available from 7 a.m. to 7 p.m. local time, on normal business days. When callers dial this number from a telephone with TTY data equipment, they are connected to a TTY agent. We also provide several reasonable accommodation options to ensure that we communicate effectively with you. We hope this information helps!

  8. I am 68 and could not afford to live off my s.s. I worked hard all my life was a divorced mom raising my children and now I live in my daughters house and also had to get a part-time job to get by. I don’t have any investments or savings or pensions nor do I get over 2000 a month like others. it’s very sad to be in this situation and will probably keep working until I die.

    • See the 110+ posts prior that SS was not meant to live off of. I feel bad for you, I really do, if it were my parent, I would do all I could to see them through. But don’t blame the system. The facts are out there, the information is out there.

      • To the generation that comes after the baby boomers: we the boomers are a large group of people there will need home healthcare and hospital care.
        Prepare yourself for this by obtaining summer jobs as Nursing Aides or some form of medical assisting. You will be needed. Go into the military if you can’t find a job after high school and put in your 20 years and retire. While you’re there start you college education at a night or day college to prepare you for when you retire. Create multiple sources of income to fuel your retirement by retiring from more that one company.

  9. Social Security was initially started for those with no other
    resources upon retirement or disability.
    Later companies provided retirement plans and now of course there are 401’s , etc. to act as your main source of retirement with social security as the supplement.
    People are living longer, putting a strain on the ss plan. The retirement age for full benefits needs to be raised again.

    • There are a lot of people also wanting the higher payments of Disability Soc security $, so they apply for disability after they retire. I know someone who plans on it, even though she really isnt anymore disabled than the average boomer with aging achey joints. Better surveillance and Threat of prosecution for faking it would definitely help keep Soc security running if the loads of fakes were off this form of welfare.

      • A person can only get Disability from SS up until the age of 65 when it becomes retirement anyway. So your friend lies. AND if a person is not working, they would most likely not qualify for disability anyway because the disability MUST prevent them from working … thus if retired … not working … cant get Disability.

  10. SS wasn’t meant to be syphoned off and not be replenished/paid back. SS should only be for the people who have worked and contributed to it.
    Barbara (question above my comment) that is a good question that deserves an answer. I would like to know the answer also.

    • In order to qualify for any type of Social Security benefit, a person generally needs 40 credits, or at least 10 years of work paying Social Security taxes. For a complete explanation of credits needed for the different types of benefits, read our Benefits Planner: Social Security Credits. For information on how your Social Security benefit is calculated, please read our publication, Your Retirement Benefit: How It’s Figured.

      As far as funding, the Social Security trust funds hold money not needed in the current year to pay benefits and administrative costs and, by law, is invested in special Treasury bonds that are guaranteed by the U.S. Government. A market rate of interest is paid to the trust funds on the bonds they hold, and when those bonds reach maturity or are needed to pay benefits, the Treasury redeems them. Please read our Trust Fund Frequently Asked Questions if you are interested in additional information.

  11. A person works all there adult life and expects to
    receive SS. Why then, does the government keep
    punishing us if we take SS at 62 or 66 out of
    necessity. The government cuts the amount we
    receive and it stays at that amount for the rest of
    the time you receive SS. Why?? It should be that
    after full retirement age it goes back to the higher
    amount so that people can afford to live not just
    survive. Not everyone is fortunate enough to have
    been able to save extra money to supplement SS.
    When SS was first put into place it was meant to
    be that everyone that paid into SS was eligible to
    receive full benefits, got full benefits. Just because
    financial institutes came into the picture shouldn’t
    make any difference. The government should quit
    using our money, it was suppose to be keep safe in
    a pension plan that no one else could use or touch. Then the corrupt politicians found a way around the
    the original policy/law to use it to their benefit not ours. SS IS OUR MONEY, NO ONE ELSES, WE WORKED DAMN HARD FOR IT AND SHOULD GET EVERY PENNY!!!!

    • The problem with SS is that too many other people can use it.
      Example, work hard all you life, total SS contributions around 150 000 (it is a % based on the total limited SS earnings, your employer would have to pay the same amount.
      So your SS account contributed roughly 300 000 in to the system at the 66 retirement age you begin withdrawals, at the current benefit amount it would take approx. 8-9 years to deplete the whole amount. So the taxes levied on working (and on some SS) paying the benefits for the rest of the years.

      Second portion, your spouse can draw up to 1/2 of your benefit amount (against your SSN), your ex-spouse of 10 years married can draw up to 1/2 of your benefit amount. (not even counting disability, survivors benefits and so on), that still use same bucket that 300 000 went it)
      So if you have a spouse, 2 ex-spouses and you all retired, your initial contribution of 150 000 (and 150 000 of your employer) feeding all these people.

      This is why it is not enough.
      It is all about numbers, how much was put in and how much is taken out.

      • Excellent comment. Too many people are unaware of this. They (our government) keeps opening the “doors” to the fund for people who never paid into it or contributed very little. A divorce settlement should not include SSA benefits – but be part of any alimony agreement. I have a friend whose been divorced twice (each marriage lasted at least 10 years so his ex-spouses can claim SSA) and has a current eligible spouse. They each receive ~$1300 a month in spousal benefits! That comes out to $2600 for him and $3900 for his current spouses and 2 ex-spouses for a total of $6500 a month from SSA! Oh, and just wait until those here illegally become eligible for more benefits.

    • Because raising the amount back up like you suggest would only serve to deplete the Trust Fund faster. There are ways to increase ones SS benefit, part time work, full time work etc.

    • “Not everyone is fortunate enough to have
      been able to save extra money to supplement SS.”

      Fortunate??? Winning the lottery is good fortune. Saving money for retirement is GOOD PLANNING, no matter what your income.

  12. SS has over 2.3 Trillion dollars in assets, primarily US Treasury notes, which pays interest back to the SS.
    Why is this a secret? No one wants to talk about it.
    If SS sold all it’s notes, the US Government would go bankrupt. So this will not happen. This money will fund SS for many years.
    SS will be around for a long time.

    • – oh my goodness. i watched the portrait video and then looked at this set of wedding photos, and i am genuinely touched. i’ve ever seen a set from a wedding that’s made me want to cry. and my sister is married! haha.i can tell that this is what you’re meant to do. you captured so many great moments and the photos are so achingly beautiful. not to mention, everyone in them is gorgeous! that must help! thanks for thhes!raceael

  13. over the years politicians of every stripe have used SS as a slush fund to barrow from and pay back with inflation ravaged government bonds then their friends in the banking and investment game screw us out of our retirement

  14. I agree with you Livingston why is it that the people that make the law get’s all of their money when they retire live petty good and go on nice trips, all they do set and come up with crazy laws that they don’t go by why people like us work hard for the money and at the end we get screw, they say people living longer so why not wait until you turn 77 yrs old to pull down your SS, who said you living that long man said it not God but hope that I can enjoy life after 77th sometimes I look at the homeless people some of them living better that we that is working don’t have to worry about paying taxes anyway I pray that we all can living good and have fun in our old age, pray to God we do.

    • Please don’t pull anything down, this is a family website.
      And “homeless live better” take a pole next time you’re out walking past them and ask them how much better their life is than yours. No money, no ownership . Fear of robbery, ra*e, murder, every night. Freezing to death. SUCH A BETTER LIFE THAN *GASP* PAYING TAXES!! I’m going to pick up my cardboard box tonight!!! You opened my eyes Shirley!
      Source: Was homeless for 4 years. Not fun. Turned MY life around and LOVE the roof over my head.

  15. I did a change of address on the phone but I need a document to confirm my address here in Az in order to be put on the access program. Being handicapped would or could I make an appointment to receive an change of address document at the SSA office.

    • Bob, if you already reported the change to us, you should be able to get a benefit verification letter online that reflects your new address by using your my Social Security account. You can view, print, and save your benefit verification letter. Go to Sign In or Create an Account to access your account or create a new account if you don’t already have one. If you can’t or don’t want to use your online account, you can get a benefit verification letter by contacting your local Social Security office.

  16. When I started drawing S.S. 12 years ago the amount was lessened because I was a state employee the prior 18 years, even though I had all the required Quarters prior to that. Has anything happened to change that inequity?

  17. My sister has an adult son (37 yrs. old), who is mentally challenged. He held a job for 14 years, then in the down economy 7 yrs. ago the company moved back to TN. After unemployment ran out, he has had no income and has to pay his own health insurance. Can you please tell me if he is eligible for any SS benefits.
    Thank you.

  18. I had to retire at age 60 due to partly bad knees and partly due to my company revising the whole system meaning high rated employees were no longer valuable. one by one got us to leave or be fired for one thing or another. At any rate. I was able to take my deceased husbands SS, until I turned 65 then went on my own as it was larger. plus have a small pension. I have downsized twice, now in a new senior complex built by hud and managed by a senior apartment system. it give me twice as much to live on. when its time, look for these places, luckily these are new and clean, in a good area.
    I also worry about my children, they are all within 10-15 years of retiring, They know its tough and are saving. but as has been said if our money we paid all those years hadn’t been stolen and used for everything else it would be there longer.
    Another big problem is, who is getting paid who shouldn’t? we all know the answer to that one. illegals and politicians

  19. it is true that ss was never meant to be one’s sole income and that one should save. however for many women, there is still a glass ceiling and for those with disabilities, they are work limited and therefore, cannot earn enough to have other investments. what should such ppl like that do if they cannot work, or are work limited or face discrimination due to the glass ceiling?

    • Social Security and Social Security Disability are misleading. Social Security Disability means person unable to work at a reasonable earning level. Always the person is below retirement age. This leaves them with a hardship of not being able to supplement their income. Therefore, the government needs to adjust the law so that social Securitry Disability would be paid at a higher level then regular Social Security.

      • It is. It is basically equal to what the person would get if they waited until their full retirement age.

  20. “It appears we have a ‘teachable moment.’ For the average worker, Social Security may replace about 40% of preretirement income. ” In paragraph 4, shouldn’t that say “post retirement”?

    • No. it means 40% of what the person was making BEFORE (pre) retiring. So if they made 3000.00 a month working, it is expected to make up for @ 1200.00 ( or 40% ). You were right though, it was a teaching moment.

  21. Interesting comments. I was able to work full-time until I was 70 years old. I am now 76 and working part-time about six hours a week. The company I worked for only had a pension plan for us for a few years and then stopped it and gave the monies earned to it. I hired a Financial planner and with that small amount and a small inheritance, invested it all. At age 72 the RMD clicked in and I take it once a year. I don’t need it or the part-time money to live on at this time. My social security is about 2/3 of what my full-time employment paid. I rent a small apartment and live very comfortably. I find I have more money left at the end of the month than when I worked full-time. Why? I don’t need the wardrobe I needed when working, don’t have the wear and tear on my car (which I saved money over the years so I could pay cash for the one I purchased two years ago.) I also don’t have to eat lunch out every day, Things like that. How do I live so well? I learned at a young age how to manage my money and I have no debt. Only use credit card if I can pay it off each month. The most important principle I learned and abide by is LIVE BELOW YOUR MEANS. People today think they have to have it all – cable or satellite tv, daily newspaper, expensive steaks, eat out at the best restaurants, shop at the most expensive stores, etc. I don’t go on expensive vacations. I am busy all the time and enjoy life to the fullest. I volunteer at our local Botanical Garden and take about ten to twelve exercise classes weekly at the local Senior Centers and Rec Centers. My supplemental health insurance has Silver Sneakers so I can attend the Rec Center with no cost. That’ alone is a saving of over $200 per year. I am blessed.

    • Nancy, you are my hero. Well said. VERY well said. everyone posting here should read this. Good for you!

  22. My mother who died last year at 81 told me when she was a young woman in her late teens that stories abounded of how Social Security would not be there for her. Well including the time my Dad passed and her retirement she had over thirty years of benefits. Any planner who tells you that Social Security will not be there for you run do not walk away from them They are charlatans. The program has a minor actuary imbalance and could be fixed with a very modest cut in benefits , increase in the tax or a combination of both. And there is no shortfall for decades in the ability to pay benefits. The program as is can pay about 75% of benefits even then. Seniors are a major voting block and any congress who does not fix this program will shortly be replaced by one who will. The program to worry about is Medicare. But the ACA has given another decade of life to it. It too will be fixed before it runs out of money.

  23. I have a friend whose husband has dementia and is about to lose her job because of a store closing. She is a caregiver to her husband. Are there any benefits that would help her?

    • Try at the state level called “care-giver” benefits or something of that ilk. Unless she is over 62, then spousal benefits may be possible. Good luck!

    • Joanne, thank you for trying to help your friend in this situation. Unfortunately, Social Security does not pay benefits for caregivers. If your friend’s husband is disabled and is not yet receiving Social Security Disability Benefits, she should contact us as soon as possible. If he qualifies to receive Disability or Retirement benefits, these benefits can be extended to his wife and to minor or disabled children. She can call our toll-free number 1-800-772-1213 (TTY 1-800-325-0778) between 7 a.m. and 7 p.m. Monday through Friday. Generally, you’ll have a shorter wait time if you call later in the week. We hope this information helps!

  24. I’ve been receiving Social Security for over two years now. However, back when I was in my 40s, I never counted on the program being there for me. So I can see the concern that younger people have. Interesting that someone asked if the government could guarantee it for their young son. Folks, nothing in life is guaranteed. Just ask the Greeks!

  25. How ? do I get around (regans Law) double dip law, as i have told. i retired from KP&F-Ks. i have worked all my life paying in to social security. I was advised i would draw $0000.00. BUT DUE TO ME DRAWING KP&F, i will only get $000.00. social security advised that i can pay THANKS – to P_ Ronald Regan- this to me is gov. theft.every month form me.. How would it be possible for P- Obama to over turn this law for i can get what i have worked for, before I DIE… thanks.

  26. my sister (married over 15 years & divorced & age 73) has been told that she is not able to receive any ss from her divorced husband until he is deceased. Is this true?

  27. Back in 1983, the law was changed and my full retirement age went from age 65 to age 67 and that was supposed to “fix” social security. I have to work two more years than previous generations to receive full benefits. Now, we are being told that in 2033 the money will run out and we will get 23% LESS than we were promised. What have you done with the money? I’ve been working and paying into Social Security since I was 14 years old. You guys have been taking money from me and my employers for 37 years and you will be getting at least another decade of my money and my employers contribution. WHERE IS THE MONEY YOU ARE TAKING FROM ME GOING? I have been paying in to fund my retirement and so far, I have lost 2 years of full retirement benefits and will be losing another 23% of the benefits promised. I’m NOT happy.

    • j’ai quelques petits commentaires à faire quant aux phso&to#8230; pour les chiffres 2 et 9 : est ce que les auteurs pourraient me donner quelques précisions car je n’ai pas su les interpréter. Pour le chriffre 19, Cinderela bravo j’aime bcp, mais ce ne serait pas un peu triché d’avoir utilisé les chiffres romains? 😉 et puis Galileo, tu n’avais pas pricisé que le meme photographe pouvait participer plusieures fois…je sais je conteste bcp!! 😉

    • Hi Glenn. Generally, your health plan coordinator will be able to provide information about the Silver Sneakers program. You can also contact Medicare directly at 1-800-633-4227.

  28. I am on social security retirement and receive medicare benefits A & B.. How do I receive a silver sneakers number or card?

  29. I am almost 67 years old. I am receiving social security benefits. Am I able to get the silver sneakers benefit so that I can go free to my local recreation center that participates in the silver sneakers program? If so, what do I have to do?

  30. I am trying to find out if the silver sneakers benefits are available through Medicare. I check with BCBS and it is not available through them. If available, how do I get started?

  31. I usually receive a tax statement each year verifying my social security earnings and the tax paid to the IRS. I can’t find that statement this year. Is there a way I can get a replacement copy if I have lost any copy that was sent out.

  32. I can not get an answer on how to get payments back after not qualifying due to fulltime employement, which is ending this month

  33. I would like to learn about the “silver sneaker” program. When I searched for it, I did not find any information.

    • Hello Debra, you may be able to get spouse’s retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits. Keep in mind, if you qualify and apply for your own retirement benefits and for benefits as a spouse, we always pay your own benefits first. If your benefits as a spouse are higher than your own retirement benefits, you will get a combination of benefits equaling the higher spouse benefit.
      See “Benefits For You As A Spouse for more information“. Thanks!

  34. I cannot find RMD publication 590 in the list. I keep getting state info but not the form needed to figure my withdraw amount.

  35. I am 72 on Medicare. I have my retirement secondary Cigna and thru my husband I have Tricare for Life. I need to exercise so I want to go to a local gym Anytime Fitness on the Silver Sneakers. How to I enroll please?

  36. Will my 403b be considered a pension? How about a 401K? If I roll these into an IRA upon retirement, will I need to report them as a pension?

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