For young people whose parent passes away, Social Security is here. Losing a parent is both emotionally painful and, often times, devastating to a family’s finances. In the same way that Social Security helps to lift up the disabled and seniors when they need it, we support families when an income-earning parent dies.
Cancer prevention efforts rarely focus on the distinct needs and circumstances of older people, who are at greatest risk for developing cancer, but society can do more to reduce cancer risk and preserve health as adults enter their 60s, 70s, and beyond — according to a new supplement to the journal The Gerontologist from The Gerontological Society of America.
Social Security touches the lives of nearly every American, whether at the birth of a child, the loss of a loved one, the onset of a disability, or the transition from work to retirement. For more than 80 years, our programs have contributed to the financial security of the elderly and the disabled. Social Security replaces a percentage of a worker’s pre-retirement income based on their lifetime earnings. The amount of your average wages that Social Security retirement benefits replaces varies depending on your earnings and when you choose to start benefits. If you start benefits after full retirement age, these percentages are higher. If you start benefits earlier, these percentages are lower. Most financial advisers say you will need about 70 percent of pre-retirement income to live comfortably in retirement, including your Social Security benefits, investments, and personal savings.
MIAMI-DADE – May is Older Americans Month, and Miami-Dade County Commission Chairwoman Audrey M. Edmonson is inviting the public to celebrate senior citizens by participating in a number of community events that promote their financial, physical, emotional and mental wellbeing.
Social Security is committed to protecting your personal information. We urge you to always be cautious and to avoid providing sensitive information such as your Social Security number (SSN) or bank account information to unknown people over the phone or internet. If you receive a call and aren’t expecting one, you must be extra careful. You can always get the caller’s information, hang up, and — if you do need more clarification — contact the official phone number of the business or agency that the caller claims to represent. Never reveal personal data to a stranger who called you.
No matter how much you’ve planned, there’s no better time than now to think about your future. We’d like to encourage you to take Five Steps toward Your Financial Security. Planning for the future may seem intimidating to many, but we’ve broken the task down into five easy steps: