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Seniors & Social Security: What Does the Budget Mess Mean?

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Date : Feb 06,2014
By : Karleia steiner

Seniors want to keep their social security that they have worked for years to obtain. Sadly, with the budget mess in Washington, nobody knows what will happen or what this all means. While it is certainly not good news, anyone collecting social security should know what is going on in the world around them. With this in mind, here are a few ideas on what the budget mess means to social security now.

Fight for money:

Now, more than ever, the government is trying to stop payments and prevent people from collecting their benefits. While this is not fair, it is going on every day across the United States. Sadly, most people do not have the time, money or legal expertise to fight their case. When this happens, many seniors will collect smaller checks. Others will not collect anything when they do not have the right lawyer on their side. Fortunately, with a Social Security Lawyer in Chico, or other city, one can get the deserved compensation. Simply put, with a qualified attorney, a senior should have nothing to fear.

Retire later:

Now, people who are just turning 55 are going to have some issues in the future. Of course, it is not easy for Washington to make serious changes. However, when thinking about possible cuts, many politicians opt to discuss extending the retirement age. In a way, this is a wise thought as people live a lot longer now and will take years to die, thus collecting a lot of benefits.

Spousal benefits:

One thing that is untouchable is the spousal benefits. Since no politician wants to lose votes, it is extremely unlikely that this provision will ever go away. For this reason, anyone with a working spouse should not worry about collecting during retirement.

Still pretty solvent:

While there are dozens of serious problems and shortcomings with the social security budget, it still has plenty of money. In fact, when looking ahead, one can see that the government will have no trouble funding liabilities for the foreseeable future. Sadly, this can change rapidly as more people retire and fewer people are in the workforce. But, even if the country does not improve its financial standing quickly, a senior should have no fear about collecting his or her check for the long-term.

When faced with a social security problem, one should never have fears. Instead, when understanding everything and doing research, a senior will be ready for whatever comes next.

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