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Monday, December 21, 2015

Will Social Security Be Around When I Retire?

PHILADELPHIA, PA - JULY 18: Blank U.S. Treasury checks run through a printer at the U.S. Treasury printing facility July 18, 2011 in Philadelphia, Pennsylvania. U.S. President Barack Obama recently stated that he can't guarantee retirees will receive their Social Security checks in August if the House and Senate can not reach an agreement on reducing the deficit. (Photo by William Thomas Cain/Getty Images)

Blank social security checks run through a printer at the U.S. Treasury printing facility in Philadelphia, Pennsylvania. (William Thomas Cain/Getty Images)

The winter holidays can be a really tough on your wallet, so we thought we’d return to one of our popular personal finance interviews from 2015. It was with two experts: Boston University economics professor Laurence Kotlikoff, and PBS Newshour business and economics correspondent Paul Solman.

They wrote a book along with retirement expert Philip Moeller, called, “Get What’s Yours: The Secrets to Maxing Out Your Social Security.”

Here & Now’s Jeremy Hobson spoke with the authors, who share advice from their book.

Editor’s Note: In the federal budget recently signed by President Obama, several changes were made to Social Security benefits that impacted the conversation we originally had with Kotlikoff and Solman. Most significantly, the legislation ended the popular “file-and-suspend” Social Security claiming strategy Kotlikoff and Solman recommended in their book. Read here for some more details. We’ve updated the audio on this post. 


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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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