Saturday, 16 May 2015

Obama's New Budget Plan Proposes Closing Social Security Loophole

The Obama administration's new budget plan proposes closing a Social Security loophole. The loophole allows some couples to get up to $50,000 extra.

One of the best-selling books right now is about mind-numbing government rules, the rules of our Social Security system. It's called "Get What's Yours: The Secrets To Maxing Out Your Social Security." David Kestenbaum with our Planet Money podcast dug into one of the tricks in the book that can get some couples an extra $50,000.

DAVID KESTENBAUM, BYLINE: The story of the $50,000 trick starts with a tennis game between an economist and a reporter. Maybe tennis is overstating it. They're not great.

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