A Tough Look at Fidelity’s Social Security IQ Quiz
Fidelity Investments recently released a survey about when Americans say they plan to start claiming Social Security and how much they know about the basics of Social Security.
Does it Pay to Work?
The room at the National Press Club in Washington DC was packed as Boston University economics professor Laurence Kotlikoff prepared to address them last week.
Best Kept Secret in Washington DC: The Future of Medicare
Here is something I bet you don’t know. On March 23, 2010, President Obama signed into law a bill that wiped out more than $50 trillion in Medicare’s unfunded liability. That’s not a misprint.
Getting the Most Out of Social Security: New Edition
New Social Security laws were passed last fall that will make major changes to your ability to claim benefits. These changes were never explained or even mentioned before the new laws were passed.
Saving: Medicare Is Worth More Than Social Security For Young Workers
By the time today’s young workers retire, Medicare will spend more on them than they get from Social Security and the two programs combined will replace more than 100 percent of their pre-retirement wages.
Kotlikoff to the Washington Post: Lucrative Social Security Option About to Expire
The clock is ticking thanks to a decision Congress made last year to eliminate the strategy [which] … provided an advantage to married couples by allowing them to collect some cash while their own retirement benefits grew.
Radical Reform Labor Law, Part II
In business after business and industry after industry, buyers and sellers of labor services are increasingly facing a difficult problem: should workers be treated as “employees” or as “independent contractors”?
It’s Time to Abolish the Legal Term “Employment”
Have you ever thought about how many laws and regulations, how many taxes, how many mandated benefits and how eligibility for so many social insurance programs are dependent on whether or not a worker is an “employee”?
Is JPMorgan Chase America’s Most Corrupt Bank?
Between Bernie Sanders and Elizabeth Warren, we’ve heard a lot about the corruption on Wall Street. But if you want to understand exactly what happened and why, read JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook.
Kotlikoff: Social Security Admin mistakes are costing retirees money
If you are married, and you or your spouse will soon be 66 years old, you might be able to increase your Social Security by thousands of dollars, but there’s a catch: A popular strategy known as “file and suspend” will be shut down for new participants after April 29.