As many Americans push toward retirement, there is an ever-present worry regarding whether seniors will outlive their financial resources. That is, will their money run out before they die?

Social Security benefits help to cover the financial needs of seniors. Many retirees have no savings set aside; and many more are without the private pension benefits and coverage that many of our parents may have earned. The workplace landscape was very different 30-40 years ago.

This year, almost 60 million retirees will receive Social Security benefits. Basically, this is 90% of retirees who are 65 years and older.

Social Security can be a very important financial asset for married couples when the time comes to apply for retirement benefits. The working history for each spouse may be very different. Perhaps the female spouse did not work. Administrators will review your situation to ensure both spouses receive the maximum benefit possible.

When you are ready to apply for benefits, the fastest and easiest way is to apply online.


My mother receives Supplemental Security Income (SSI) benefits. She may have to enter a nursing home later this year. Will this affect her ongoing SSI benefits?

Moving to a nursing home can affect your mother’s SSI benefits but it depends on the type of facility. In some cases, the SSI payment may be reduced or stopped. Whenever your mother enters or leaves a nursing home, assisted living facility, hospital, skilled nursing facility, or any other kind of institution, you must tell Social Security.