Social Security
Showing 50 results of 465
Why Most People Still Plan To Take Social Security Early
Nov 18 2024
Despite knowing that they're giving up higher income, many pre-retirees plan to claim Social Security benefits before full retirement age....
forbes.com
How Bad is Social Security’s Financial Condition?
Nov 18 2024
This post is a follow-up to our post of October 14, 2024 entitled, “Social Security Financing---When You’re in a Hole, Stop Digging.” In this post, we will look at the retirement pla...
howmuchcaniaffordtospendinretirement.blogspot.com
Medicare premiums quickly outpace Social Security COLA
Nov 16 2024
In 2025, premiums for Medicare Part B will grow twice as fast as Social Security benefits — and those premiums are deducted straight from the checks....
financial-planning.com
What Every 40-Year-Old Should Know About Social Security
Nov 16 2024
Younger workers have a lot to gain by understanding how Social Security works....
money.usnews.com
Will You Pay Taxes on Your Social Security Benefits?
Nov 15 2024
You might, depending on your income, but smart financial planning now can help lower or even eliminate your taxes in the future....
kiplinger.com
The Social Security Spousal Benefit – Further Explanation
Nov 15 2024
Further explanation of the tenets behind the Social Security Spousal Benefit provision for clarification and better understanding. The post The Social Security Spousal Benefit – Further Explanat...
financialducksinarow.com
Medicare Premiums Growing Twice as Fast as Social Security COLA
Nov 14 2024
As CMS announces 2025 Medicare premiums and deductibles, new analysis finds Medicare Part B…...
401kspecialistmag.com
New Future Capital Partnership Targets Held-Away 401(k) Assets
Nov 14 2024
Deal with SS&C's Black Diamond Wealth Platform integrates customized 401(k) solution for…...
401kspecialistmag.com
Why Social Security is Falling Apart
Nov 13 2024
You’ve probably heard it by now – Social Security is set to run out of money as early as 2033, according to theCommittee for a Responsible Budget. When that happens,…...
bossretirement.com
What A Trump Administration Will Mean For Older Adults
Nov 11 2024
He proposed exempting Social Security benefits from income tax—effectively raising benefits for those higher-income retirees now subject to the levy....
forbes.com
A primer on the IRA 'bridge' to bigger Social Security benefits
Nov 11 2024
A complex mixture of new or expiring laws, intersecting retirement planning questions and the threat of so-called stealth taxes could add up to a highly beneficial strategy....
financial-planning.com
Are Your Social Security Benefits at Risk?
Nov 11 2024
Did you know the Social Security Trust Fund is projected to run out of money in less than 10 years? And now BARRONS has reported if this happens… an average…...
bossretirement.com
Seven Retirement Moves to Make Before 2025
Nov 09 2024
From applying for Social Security and donating to charity to maximizing your savings accounts, ere are retirement moves to make before 2025....
kiplinger.com
Probability of tax free Social Security as promised
Nov 08 2024
He said that Social Security won't be federally taxed.......
community.aarp.org
Double Dipping the year you hit full retirement age
Nov 06 2024
So I'm 65 and a year from hitting my full retirement age this month. I am still working full time. As I understand it, one can start drawing their social security without a reduction or penalty the ye...
reddit.com
10 States Where Retirees Get Smaller Social Security Raises
Nov 01 2024
Geography doesn't dictate how much Social Security you will receive. However, employment opportunities, pay scale and lifetime earnings impact your monthly benefit greatly....
kiplinger.com
A solution to keep Social Security solvent
Nov 01 2024
We recently received an email from AARP requesting us to email Congress for the continued funding of Social Security. While this is a worthwhile endeavor, it does not provide a solution and who knows ...
community.aarp.org
How Trump or Harris would address Social Security’s problems
Nov 01 2024
The next president and Congress will need to tackle the financial challenges facing Social Security if we’re going to avert a sharp cut in benefits to the 68 million retired or disabled American...
retirementrevised.com
Social Security: Why It Matters for Young People, Not Just Retirees
Nov 01 2024
Young people are skeptics when it comes to Social Security – polling shows that most don’t think the program will pay them a benefit when they retire sometime down the road. You might thin...
retirementrevised.com
Social Security And Medicare Changes For 2025
Oct 31 2024
Most years the changes are not dramatic. But this year the change in your Medicare Advantage plan may be dramatic....
forbes.com
10 Strategies to Maximize Social Security
Oct 30 2024
Retirees shouldn't overlook these ways to get the most from their monthly benefit....
money.usnews.com
Are You Better Off Waiting to Start Social Security Benefits?
Oct 25 2024
There may be $100,000 reasons to delay the start of Social Security. It's tempting to start early, but your paycheck increases if you wait. The post Are You Better Off Waiting to Start Social Security...
boldin.com
? AARP Keeps Spotlight on Social Security Customer Service (AARP Article)
Oct 25 2024
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! ? VIDEO INCLUDED WITH ARTICLE ? AARP-Backed Research Keeps Spotlight on Social Security Customer Service. New report, web discussion point to impact of budge...
community.aarp.org
Democrats and Republicans Actually Agree on These Ideas to Fund Social Security
Oct 24 2024
...
money.com
Social Security Really Helps Low Earners – Even Though They Might Not Live as Long
Oct 24 2024
Including disability benefits provides a more complete picture. The Social Security actuaries just released a study that takes a new look at the progressivity of the Social Security program – th...
crr.bc.edu
Trump Social Security Plan Would Hike Benefit Cuts, Speed Up Insolvency: CRFB Analysis
Oct 23 2024
If former President’s pledges on campaign trail were to be enacted, budget watchdog says…...
401kspecialistmag.com
Social Security COLA Increase Is Not Designed to Cover Retirement
Oct 22 2024
On October 10, the new Social Security COLA increase was announced, and many retirees were disappointed. Each year, there is a cost-of-living adjustment (COLA), which is determined by a measurement of...
401kmaneuver.com
Trump Would Undermine Social Security By $2.3 Trillion
Oct 21 2024
Without Congressional and Presidential action to raise revenues, benefits would be immediately reduced by 23 percent Under Trump's plan benefits will fall by 33 percent....
forbes.com
What Could the Election Mean for Social Security and Medicare?
Oct 18 2024
With the presidential election just days away, here's a look at Harris vs. Trump on Social Security and Medicare....
kiplinger.com
Five Ways the Election Could Change Your Retirement
Oct 18 2024
From taxes to Social Security and beyond, the election could change your retirement depending on which candidate wins. Who takes the House and Senate also matters....
kiplinger.com
Some Social Security Recipients Will Get an Extra Check Soon
Oct 17 2024
SSI beneficiaries will receive an extra check in November. It's not due to government largesse but a calendar quirk....
kiplinger.com
Social Security COLA 2025: What to Do With the Extra Money
Oct 17 2024
A Social Security cost of living increase offers retirees options such as managing costs, saving or enjoying small splurges....
money.usnews.com
social security for spouse
Oct 17 2024
My wife will reach FRA 6/2025 she will draw on my earning history. Will she be qualified for 1/2 what my SS payment was in 2019 or will it be adjusted for COLAs that have taken place since that time?...
community.aarp.org
The Complete Guide to Maximizing Your Social Security Benefit
Oct 16 2024
For many, Social Security makes up a large portion of their retirement income, so it’s important to know how to maximize your Social Security benefit. James explains how Social Security works, d...
buzzsprout.com
Trump Aims to Ban Taxes on Social Security. Here are the Pros and Cons.
Oct 15 2024
Does the bad outweigh the good? Here's what could happen if your Social Security income goes untaxed....
kiplinger.com
? Social Security Sets New Rules for Disability Hearings (AARP Article)
Oct 15 2024
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Social Security Enshrines Remote Options for Disability Hearings. Pandemic accommodations made permanent as SSA seeks to reduce wait times. By Sharon Jayson,...
community.aarp.org
Social Security Financing--When You’re in a Hole, Stop Digging
Oct 15 2024
In this website, we encourage retired households to periodically (generally annually) compare the present value of their assets with the present value of their spending liabilities to determine a snap...
howmuchcaniaffordtospendinretirement.blogspot.com
462: Strategies to Maximize Your Social Security Benefits with Mary Beth Franklin
Oct 14 2024
Today, I’m talking to Mary Beth Franklin. Mary Beth is a CERTIFIED FINANCIAL PLANNER, a former Capitol Hill reporter at United Press International, and the retirement and tax editor at Kiplinger...
retirewithpurpose.com
Social Security Benefits to Climb 2.5% in 2025
Oct 13 2024
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers....
nytimes.com
Spousal Benefit Claim almost 2 years after death
Oct 11 2024
My mom is 87 and she lost her husband 2 years ago. She is not tech saavy and received no letter from SS so she did nothing about claiming spousal benefits. When I assisted her to put in the claim, SS ...
community.aarp.org
? 2025 Social Security COLA Benefit Increases by 2.5% (AARP Article)
Oct 11 2024
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Social Security COLA Set at 2.5% for 2025. With inflation slowing, annual benefit adjustment will be lowest in 4 years. By Andy Markowitz, AARP. Published Oc...
community.aarp.org
Social Security Tax Limit Jumps 4.4% for 2025
Oct 10 2024
The Social Security Administration has announced significant changes affecting millions as we approach a new year....
kiplinger.com
Social Security COLA Is 2.5% for 2025: What to Know
Oct 10 2024
The 2025 Social Security COLA, tax wage cap and how much you need to earn to qualify for SS credits has been announced by the Social Security Administration....
kiplinger.com
Modest Social Security COLA (Benefit Increase) for 2025
Oct 10 2024
The Social Security cost of living adjustment (COLA) for 2024 stands at 3.2%, much less than 2023. Is it enough? The post Modest Social Security COLA (Benefit Increase) for 2025 appeared first on Bold...
boldin.com
Skeptical on Social Security, younger workers shift to personal retirement accounts
Oct 10 2024
According to a recent Cerulli study, more than half of retired 401(k) participants say Social Security is their primary source of income. At the same time, only 6% of millennials predict they will rel...
financial-planning.com
2025 Social Security COLA and other Income data announced
Oct 10 2024
2025 COLA Adjustment Announced SSA.gov. 2025 COLA Adjustment & Other Related Income Amounts Announcement from the link: Social Security and Supplemental Security Income (SSI) benefits for more tha...
community.aarp.org
How Social Security, Medicare, and Geopolitics Could Affect Your 2024 Planning
Oct 10 2024
The comprehensive financial plans we design at Keen Wealth factor in every piece of available information to help folks plan for what we know is coming and prepare for the unexpected. While recent eve...
keenonretirement.libsyn.com
5 Ways to Supercharge Your Social Security Benefit
Oct 09 2024
Learn how to supercharge your Social Security benefit and potentially grow your lifetime income by over $100,000....
keilfp.com
Popular Topics
Filter content by these topic groups:
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.