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.
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Higher payouts, new tax limits and updated earnings rules are coming in January. Here is everything retirees and workers need to know.
I have a client who is nearing retirement as a self-employed gardener. At age 67, she doesn’t have a massive amount of retirement savings. But she has paid into Social Security her entire working life...
Find the best age to claim Social Security with three steps to align benefits with retirement goals, protect lifetime income and plan for financial security.
I waited until 70 to claim for the usual reasons. This also triggered a bump in my wife’s, because spousal benefits kicked in. It’s great to see the healthy deposit, though we’ve been doing fine the l...
Think you can get a new Social Security card whenever you lose one? Federal limits say otherwise.
Hi All, I am 64 years old and would like to delay social security until 70. My plan is to put 6 years of expenses into something safe and put the remaining money into something more aggressive like an...
Inflation is likely to continue eroding Social Security's cost-of-living adjustment. Advisors share strategies for talking with clients about navigating the purchasing power gap.
A 4.2% higher wage base means more taxes for some earners next year.
An accountant's plan to return to Mexico shows why a Social Security claiming decision should begin with the life the money needs to support.
Social Security benefits will rise 3.6% in 2027 as lawmakers face decisions that could reshape future COLAs and retirement benefits.
The top salary subject to Social Security tax will climb to $192,300. Any deal to fix the program's shaky finances could involve both the COLA and the tax base.
The SSA has announced the 2027 Cost-of-Living Adjustment (COLA), the new maximum taxable wage cap and the earnings requirements for Social Security credits.
• The 1983 Social Security cuts cost New York $26.2 billion in lost output in 2025. New cuts would drain consumer demand again. Business should oppose them.
I understand the basics of spousal benefits and the penalties of claiming your own benefits early. But when I have watched videos, sometimes its unclear which spouse they are talking about. Like they ...
Find out when you can expect your 2027 Social Security payments and the date you get paid when your scheduled day falls on a holiday.
Roger Whitney closes out his five-week Social Security series with a practical framework for married couples deciding when to claim. He explains how to coordinate benefits, avoid common mistakes, and ...
I tried to keep this as brief as possible and it’s still too long. But it’s laid out pretty well. My spouse and I will soon be 62. We both work for government and we’re both eligible for a pension. Th...
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
Roger Whitney explains how solo filers can make a confident Social Security claiming decision without getting overwhelmed by complexity. He covers the biggest mistakes to avoid, introduces a practical...
Mine is on the left, hers on the right. Both of us are now retired (me this month) and will need to turn on one for cashflow. Current plan is to delay mine (larger) one and turn on hers. Financial adv...
Smart retirees can still miss important Social Security rules. In this episode, we cover 7 common rules that even well-informed retirees often overlook, and how those blind spots can affect taxes, ben...
Some lawmakers are calling for higher payroll taxes for certain workers to help save Social Security from insolvency.
Claiming Social Security too early or too late can impact your entire financial picture in retirement. It pays to carry out a proper analysis before you commit.
Roger Whitney explains six levers that can influence Social Security benefits: reviewing your earnings record, choosing when to claim, managing retirement income, reconsidering an early claim, conside...
Lawmakers are floating several ideas about how to shore up Social Security. One involves changing the annual cost-of-living adjustment.
Past returns tell us what happened. But they provide limited value for fund selection. Research suggests how those returns were generated likely tells us more than the returns alone.
I'm probably going to stop working at age 66. I'm curious about the idea of withdrawing from my IRA / Roth IRA after I stop work and delay SS until age 70. Im not married. Im not from a family that li...
How is your Social Security benefit actually calculated? In this episode, Roger explains how you qualify for retirement benefits, how your earnings history determines your benefit, and why the age you...
Dolly Parton's songs and movies will live on forever. But when the 80-year-old entertainment icon passed away last month, she also left behind an impressive financial legacy that we all can learn from...
Two people, same age, same savings, same expenses. One files for Social Security at 62. The other waits until 70. Everyone knows the one who waits gets a bigger check. Almost nobody looks at what's ha...
Failing to reach Social Security's 40-credit requirement doesn't mean your tax contributions are lost. Here are some options to help you secure benefits.
Social Security is one of the most important pieces of a retirement plan, but how does the system work, and will it remain financially viable for future retirees? Roger begins a five-week series on bu...
Dr. Myechia Minter-Jordan, an internist turned not-for-profit CEO, talks about career chapters and the growing army of workers over the age of 65.
Spouses who collect substantial Social Security benefits may see a significant drop in income when one dies. These annuities can help make up for the loss.
Social Security may still be part of the retirement picture for younger workers, but it shouldn't be the cornerstone of your strategy. How to adapt.
Eliminating the Social Security earnings cap could strengthen solvency, but broader reforms may be needed to secure the program’s long-term financial future.
You don’t need to panic yet about Social Security, but you should stay informed.
As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.
Respondents to the University of Maryland analysis favored proposals that spanned from increasing the full retirement age to changing the Social Security COLA formula
So, back in the day I used to breed reptiles. Lizards specifically. I don’t have a phobia of snakes or anything, but they just don’t do anything for me. I always felt like lizards have a personality. ...
"Wait until 70" is good advice on maximizing Social Security for a single person, but married couples need a different number. Do you know how to do the math?
This is how you can sidestep the "Social Security tax torpedo," a common issue where tax-deferred retirement accounts unexpectedly increase your tax burden.
Rather than claiming Social Security based on when you need the money, view your timing as a tax-planning tool that can help you lower your lifetime tax bill.
More than half of eligible children (and many widows and widowers) are missing out on Social Security survivor benefits. Here's what to know. The post Why Many Young Widows and Widowers Leave Social S...
Skip long phone holds and field office lines. Discover how an active online Social Security account gives you control over your records.
See how your Social Security check compares to retirees your age, using the SSA’s newest 2026 data, and what the average leaves out. The post Average Social Security Check by Age: 2026 SSA Data appear...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast number 595, Joe Anderson, CFP® and Big Al Clopine, CPA spitb...
While a solid financial plan tells you if you can afford to retire, a "second checklist" focused on purpose, relationships and well-being is also important.
This is the C-SPAN feed of the Senate Finance Meeting on August 05, 2026 on Social Security Solvency. You can watch it or listen to it - reading gets a bit dry plus it is from uncorrected text. CSPAN ...
Headlines say Social Security is going bankrupt, but the real story is far more nuanced, and understanding it could help you make smarter retirement decisions before it's too late. In this episode, yo...