Many soon-to-be retirees are also terrified about inflation. Social Security has a built-in adjustment, but it doesn’t keep up with real inflation.
Social Security
Posted inLocal & State, News
Maine Social Security recipients still waiting for stimulus checks
According to published reports, payments for those receiving such benefits have not been prepared yet.
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Posted inBusiness, Nation & World
Virus could deplete Social Security funds by 2030, report says
Prior to the pandemic, the Social Security Administration had estimated the the Social Security trust fund would be depleted by 2035.
Posted inElections, Local & State, Politics
Republican congressional hopefuls seek changes in Social Security
The three contenders for Maine’s 2nd District say they worry about the future of the retirement program unless revisions are made.
Posted inLocal & State, Nation & World, News
What you need to know if you haven’t received your federal aid check
Social Security and Veteran Affairs recipients will receive their money the same way they receive benefits.
Posted inBusiness, Nation & World, News
Feds: Scam artists spread virus lies, prey on Medicare recipients
Federal law enforcement is warning that scam artists are preying on older people’s fears by peddling fake tests for the coronavirus to Medicare recipients.
Posted inLocal & State, News
Advocates seek reforms to state retirement system for disabled workers
Many agree the hurdles are too high in Maine; data show applications plummeted since 2015.
Posted inLocal & State, Nation & World, News, Politics, Times Record
Social Security administrators say their agency is getting barraged with scam complaints
A Senate hearing led by U.S. Sen. Susan Collins on Wednesday delved into a growing problem of con artists impersonating government officials to cheat Americans out of their savings.
Posted inOp-Eds, Opinion
Commentary: Social Security isn’t doomed for millennials, Gen Xers
Even the worst-case scenario shows that the program will still pay out benefits.
Posted inEditorials, Opinion
Our View: Deficit would be zero if not for tax cuts
Maine Sen. Angus King rightly punctures the persistent claim that tax cuts pay for themselves.