Social Security
Showing 50 results of 280
More Women Urge Congress to Raise Social Security Funding
May 02 2024
Latest study by NIRS says women want Congress to increase funding for Social Security and…...
401kspecialistmag.com
Benefit for minor child
May 02 2024
Does anyone know if I am able to check on the status of my son's social security benefit payment. He lives with my ex-wife and neither of them will communicate with me. My son turned 18 in January of ...
community.aarp.org
Change in Social Security Could Mean More Money for Retirees
Apr 30 2024
A proposed bill could change how the Social Security COLA is calculated, resulting in higher benefits for retirees....
kiplinger.com
11 Ideas for Living on Social Security Alone
Apr 26 2024
Living on Social Security alone is not only possible, but many retirees already accomplish that very feat every year. While the lifestyle associated with Social Security income isn’t exactly lux...
newretirement.com
social security benefits at 62 vs 70
Apr 26 2024
If I quit working at 62 but wait until 70 to start drawing social security, will the quoted benefit at 70 be adjusted for inflation, or will it stay at the quoted amount. Social security presently quo...
reddit.com
How Medicare Relates to Social Security
Apr 25 2024
Identifying the right start dates for Social Security depending on your unique situation, when your Social Security benefit will send you your first check based on your birthday, and IRMAA cost strate...
keilfp.com
Pros and Cons of Waiting Until 70 to Claim Social Security
Apr 22 2024
Waiting until 70 to file for Social Security benefits comes with a higher check, but there could be financial consequences to consider for you and your family....
kiplinger.com
What Will Happen If The Social Security Trust Funds Run Out?
Apr 20 2024
Don’t be swayed by scary headlines. Learn about the reality of Social Security’s financial status and act to protect your retirement....
forbes.com
Lack of Broadband Impedes Native American Access to Aid
Apr 19 2024
During the pandemic, the U.S. Social Security Administration leaned into providing more services and processing applications online. But that has furthered the agency’s disconnect with Native Am...
crr.bc.edu
Most Adults Fail This 5-Question Quiz on Retirement Basics
Apr 19 2024
How much do you know about Social Security, Medicare and life expectancy?...
money.com
Time spent in waiting rooms these days
Apr 19 2024
At the moment, I’m sitting in a regional Social Security office waiting room so packed that there’s a queue outside just to get in to wait. I’m here to submit forms for reducing IRMA...
reddit.com
Strategies to Optimize Your Social Security Benefits
Apr 18 2024
To maximize what you can collect, it’s crucial to know when you can file, how delaying filing affects your checks and the income limit if you’re still working....
kiplinger.com
Tune In to Fox Business Network for a Half Hour with Retirement Experts Ryan & Tyson Thacker
Apr 17 2024
Considered the country’s leading experts on Social Security, find out how to maximize your benefits with Retirement Brothers Ryan and Tyson Thacker. By:Spotlight Television The Retirement Brothe...
bossretirement.com
Divorce and Social Security
Apr 17 2024
Married 40 years. Divorced 9 months. Ex (age 74) started collecting SS 9 years ago. I just reached full retirement age (66.5). Social security told me that I could not collect under his name because I...
community.aarp.org
What’s Stopping People from Applying for Disability
Apr 16 2024
When people aren’t getting a government benefit they’re eligible for, the program’s goal of improving equity is compromised. Social Security’s disability insurance is an exampl...
crr.bc.edu
Increase the Retirement Age, but Only for Those Who Can Work Longer
Apr 16 2024
Let’s see if we agree on what the retirement age is today. With the projected depletion of the Social Security trust fund assets in the 2030s, policymakers are looking for ways to bridge the gap...
crr.bc.edu
Where the Presidential Candidates Stand on Retirement
Apr 16 2024
While Biden and Trump both say they support Social Security and Medicare, their approach to each has been different....
money.usnews.com
? Social Security Customer Service Times Build as Hiring Freeze Continues (AARP Article)
Apr 12 2024
FROM THE ARTICLE - SEE ARTICLE FOR MORE! Social Security Struggles to Improve Customer Service. Hiring freeze amid congressional spending standoff sets back efforts to reduce phone wait times, speed u...
community.aarp.org
When is the Right Time to File for Social Security?
Apr 11 2024
Navigating the choices and options available when you’re deciding when you should start taking Social Security. In this episode of Retirement Revealed, I’m excited to tackle one of the mos...
keilfp.com
How Lower Interest Rates Could Affect Older Adults
Apr 09 2024
When the Fed starts cutting interest rates, retirees could see lower yields on fixed-income assets. Social Security’s finances could be impacted, too....
kiplinger.com
How to Spot a Social Security Scam (and What to Do About It)
Apr 09 2024
Here are a scam's red flags and how to report it if someone tries to scam you. The first things to do if a scammer contacts you: Remain calm and ignore them....
kiplinger.com
SOCIAL SECURITY SCREENING TOOL - collecting SS/survivor benefits overseas
Apr 09 2024
I found this tool today while research if you can collect your social security benefit or survivor benefit while living overseas. The answer is country dependent and is sometimes limited to only 6 mon...
reddit.com
This Week In Retirement Planning: Social Security, Index Funds, And Bonds
Apr 07 2024
I also share links to valuable research tools and model portfolios from the week....
forbes.com
What You Need to Know About Social Security and Taxes
Apr 06 2024
As you prepare for retirement, it’s essential to understand what your taxes will be. You may think your Social Security benefits are tax-free. After all, why would the government pay you money w...
newretirement.com
Three Ways to Delay Claiming Social Security Benefits
Apr 06 2024
With Americans living longer these days, maximizing your Social Security is more important than ever. Here are some ways to make the most of your benefits....
kiplinger.com
Social Security Error
Apr 06 2024
Hello Again, Three years ago My 86 year old Mother-in-law who lost her husband who was receiving Social Security Retirement. She called to inquire about Survivor’s Benefits as a Widow & was ...
community.aarp.org
Taking Social Security At Age 62 Made A Big Difference For This Couple
Apr 05 2024
In making their decision, they ran all the numbers, including arguably the most valuable one of all: time....
forbes.com
Delay Social Security? Not Everyone Can Do it
Apr 03 2024
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several of our blog’s readers point out, ...
crr.bc.edu
Social Security Changes How Overpayments are Handled
Apr 02 2024
The Social Security Administration announced a change to how overpayments are handled....
kiplinger.com
Learn to Avoid This Common Social Security Trap
Apr 02 2024
Retirement is your time to enjoy the things you postponed during your working years. Many of our clients enjoy being able to travel and indulge in the things they have saved for so diligently. Sometim...
theretirementsolution.com
Social Security Representative Payee - MAKE YOUR CHOICE TODAY
Apr 02 2024
If you have set up your mySocialSecurity account you are able to name your choice of a Representative Payee (RP) then each year the SSA will send you a letter stating who they currently on file for yo...
community.aarp.org
Social Security Survey
Apr 01 2024
Hello, I have formed a questionnaire for a class project about Social Security and I am looking for any participants to fill it out. Please share this if you can, and any involvement is greatly apprec...
community.aarp.org
Early 2025 Social Security COLA Forecast Rises Again
Mar 31 2024
Personalized TDF service incorporates key recordkeeper data points...
401kspecialistmag.com
Social Security Cuts Are In The News Again, But Still Wrong Way To Go
Mar 28 2024
Social Security benefit cuts are gathering political attention again....
forbes.com
Why Bernie Sanders Is Right About America’s Retirement Crisis
Mar 27 2024
Nearly half (44%) of all American households with members aged 55-64 have no savings at all and will have to rely entirely on Social Security....
forbes.com
Why Raising Retirement Age For Social Security Means Cutting Benefits
Mar 27 2024
The suggested solution from many who make it can leave regular people thinking they’d still get the same amount. It’s a case of bait and switch....
forbes.com
The Looming Crisis for Social Security
Mar 24 2024
A comprehensive look at what's going on with Social Security....
kiplinger.com
? Social Security Changes ‘Clawback’ Overpayment Methods (AARP Article)
Mar 24 2024
HAVE YOU EVER BEEN OVERPAID? ANY COMMENTS? ? I HAVE NOT AND HOPE IT NEVER HAPPENS. I FEEL BAD FOR FOLKS WHO WERE "INNOCENT" BUT NOT THE OTHERS! ? FROM THE ARTICLE - SEE ARTICLE FOR MORE. Social Securi...
community.aarp.org
Five Strategies for Deciding When to File For Social Security
Mar 22 2024
When to file for social security? Applying at age 70 maximizes your monthly payout, but claiming early could provide advantages that can’t be quantified on a spreadsheet....
kiplinger.com
Before You Claim Social Security, What’s Your Income Plan?
Mar 22 2024
If you’ll have multiple income streams in retirement, you’ll need to coordinate everything so you don’t end up paying taxes on your Social Security benefits....
kiplinger.com
GOP Conservatives Defy Trump on Social Security. What’s Not to Like?
Mar 21 2024
The RSC stood up to Donald Trump’s position that Social Security reform can be ignored or hand-waved away....
forbes.com
Will Social Security Run Out Of Money? If So, When?
Mar 21 2024
Much of what you read about Social Security running out of money is wrong. Learn the facts about about how Social Security is funded....
forbes.com
Social Security Chief Testifies in Senate About Plans to Stop ‘Clawback Cruelty’
Mar 21 2024
Social Security plans to default to withholding 10% (not all) of the recipient's monthly benefits to recoup debt, SSA head says....
kiplinger.com
Just got my first Social Security payment at age 70. Who else is going with 70?
Mar 21 2024
We had a good retirement income from pensions and investment income, so I waited to 70 to maximize my SS payment. I realize it makes sense for some people to take it sooner, but my health and genetics...
reddit.com
When Should You Start Social Security Benefits? It Depends
Mar 20 2024
The answers to these five questions can help you determine when it’s a good time to file for Social Security. The timing is different for everyone....
kiplinger.com
Social Security Chief Vows to Fix ‘Cruel-Hearted’ Overpayment Clawbacks
Mar 20 2024
Capping Social Security clawbacks at 10% for some beneficiaries is among the changes that O'Malley plans to propose....
kiplinger.com
? 6 Steps to Improve a Social Security Disability Claim (AARP Article)
Mar 20 2024
ANY COMMENTS? ? I AM NOT ON THE DISABILITY VERSION, JUST THE RETIREMENT ONE! ? FROM THE ARTICLE - READ ARTICLE FOR MORE. 6 Steps to Strengthen Your Social Security Disability Claim. Amid record wait t...
community.aarp.org
The Social Security COLA Estimate for 2025 Just Increased Thanks to Inflation
Mar 18 2024
There's been a big spike in retirement accounts worth $1 million or more....
money.com
How Survivor Benefits are Treated
Mar 18 2024
When you’re married to someone who has worked under the Social Security taxation system, you have two different benefits that may be available to you: Survivor Benefits, and Spousal Benefits. Th...
financialducksinarow.com
A Social Security Masterclass: Everything You Need to Know About Getting More From Your Benefits
Mar 14 2024
Want to get the most out of your Social Security benefits? Did you know that 96% of Americans forfeit an average of $111,000 in social security income? And it’s all because they filed for their ...
bossretirement.com
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About Social Security
Social Security is a government-run program in the United States that provides a source of income for retirees, as well as for people who are disabled or the survivors of deceased workers. The program is funded through payroll taxes, and it is designed to provide a basic level of financial security for those who are no longer able to work.
To be eligible for Social Security benefits, an individual must have worked and paid into the Social Security system for a certain number of years. The amount of benefit that an individual receives is based on their earnings history, with higher earners receiving a higher benefit.
In general, people are eligible to receive Social Security retirement benefits when they reach the full retirement age, which is determined by their date of birth. The full retirement age is currently 66 for people born between 1943 and 1954, and it is gradually increasing to 67 for those born in 1960 or later. However, people can begin receiving reduced benefits as early as age 62, or they can choose to delay receiving benefits until after their full retirement age, in which case they will receive a higher benefit.
It is important to note that Social Security benefits are not intended to be the sole source of income for retirees. Rather, they are meant to supplement other sources of retirement income such as savings, investments, and pensions. It is important to plan for retirement and consider all sources of income that may be available to you.