Social Security

Three Changes Coming for Social Security in 2025

Use these three changes in Social Security to plan ahead for 2025....

What Documents Do You Need When Applying For Social Security?

To make the process of filing for Social Security benefits easier, it’s important to know what documents you need when applying. Here are the documents you need to collect....

Do You Prefer Trump or Harris on Social Security? Here's What One Survey Shows

A new survey asked if Harris or Trump will better protect Social Security. The GoBankingRates report shows who 1,000 Americans prefer....

Seeking investment advice for a concerened 61 yr old.

I am 61 years old. Reasonably healthy and still working. Wife is 65 and on disabilty but better after 2 new knees. I don't have any retirement plan other than SS. We just paid off our house, vehicles ...

Should You Delay Social Security if You're Wealthy?

Here are three scenarios in which you might want to consider claiming Social Security benefits later if you have saved a significant chunk of change....

Need to be careful not to jump the gun

...or maybe I don't. I got to "the number" in my retirement account, and I'll get a small pension (about $800/month), and social security. I'll be 60 in a couple of months. I'm also not happy with my ...

How Much Money Could The Social Security 2025 COLA Deliver?

Learn about 2025 Social Security’s COLA to help you maximize the money you receive over your lifetime....

Americans Want Social Security Boosted Now

A very high amount of Americans say they want to see Congress act now to protect funding for Social Security....

Social Security COLA Increase for 2025 Could Be the Lowest in Four Years

The Social Security COLA increase is likely to be the lowest since 2021 as new reports showing inflationary pressure subsiding....

Retirees Will Likely See a Smaller Social Security COLA Next Year

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New Retirement is pessimistic, but 4% rule seems to give us more than enough

I don't understand why if I go by the 4% rule, my SS payment and our budget, we have plenty of money left over, without even counting on collecting my husband's SS payment in 9 years. But New Retireme...

What Younger Generations Need To Know About Social Security, Medicare

Misunderstandings about the solvency of Social Security and Medicare adversely affect the retirement planning of younger generations....

On Social Security’s Birthday, Let’s Give It The Gift Of A Long-Term Funding Solution

Social Security celebrates its 89th birthday today, but this highly popular and effective anti-poverty program needs a long-term funding solution....

To Fix Social Security, Increasing the Wage Base Should Be Part of the Solution

I would argue for moderation. I usually have a strong opinion on issues in my sphere, but have been going back and forth about one component likely to be in any package to fix Social Security – ...

Social Security Benefits – Spousal Or Survivor? - Which One?

There is often confusion between a spousal benefit and a survivor benefit. There is a difference as they are two totally separate benefits....

A Framework for Claiming Social Security Retirement Benefits

At Abundo Wealth, we have a growing team that provides individualized advice to every client based on their unique circumstances. However, we prioritize applying a consistent framework for providing t...

Here's What's Wrong With Trump's Pledge to Repeal Taxes on Social Security Benefits

Eliminating taxes on Social Security benefits could impact your finances. Here's what you need to know....

Millions of Social Security Recipients Will Get 2 Payments This Month

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Raising Social Security Retirement Age ‘Would Cut Benefits by Thousands’: Analysis

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Retired and living on Social Security checks?

Hi -- I am a reporter at USA Today, and I am halfway through an article about people who are retired and living on their Social Security checks. I want to find a few more people to interview. If you a...

Yes, You Can be Trained to Detect Imposter Scams

It is not difficult to find people who have received a fake email claiming to be from the government or a retailer asking them to clear up a problem with their Social Security number, tax filing, or r...

When is the Best Age to File for Social Security?

Did you know… 96% of Americans forfeit an average of $111,000 in social security income… And it’s all because they file for their benefits… at the wrong time. Discover how&h...

Marry to give partner SS Benefits?

I am fairly well off financially at 52 and have paid the max into SS for the last 15+ years. I began dating a great younger lady (37) who does not have a lot savings and lives pay check to paycheck (s...

Why Trump’s Repeal Of Social Security Benefits Taxes Could Speed Insolvency

The tax cut would reduce Social Security and Medicare revenues by $1.5 trillion over the next decade, sharply reducing benefits for millions of recipients...

Social Security Benefits Have Lost 20% of Their Buying Power Since 2010: Report

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Social security early for working spouse

This might seem like an odd question but I've been getting conflicting advice. Husband 71 and retired with pension and SS. I'm 65 and working full time at the moment. My full SS is 66, 10 months. My h...

Social Security Login Changes Taking Effect Soon

my Social Security accounts created before 2021, are transitioning to the Login.gov platform....

Solving Social Security’s Funding Shortfall Requires Acknowledging Uncertainty

We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discoun...

Social Security Issues Two Alerts

The Social Security Administration recently issued two alerts, one describing an important change and the other warning about a new scam....

Leaving Social Security Untouched May Drive 3.8M Seniors Into Poverty

Failing to fix Social Security's looming financial shortfall would throw 3.8 million seniors into poverty by 2045. Median promised benefits would decline by $5,900....

Earning Less in 2024 Than 2023 - Will This Affect Upcoming SS Payments?

I am retiring in December of this year. I will start collecting SS in January 2025 or may push it off a few months if finances allow. For the past nearly 15 years I've been able to count on yearly sal...

Achieving Long-Term Financial Security without Relying Solely on Social Security

Many of my readers are concerned about how they will survive financially after retirement, especially when they realize how small their Social Security benefits will be, compared with what they curren...

This Bill Aims to Fix Social Security by Eliminating Taxes on Benefits

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Social Security Calls Spike After Rumor of Extra Benefits Goes Viral

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Social Security COLA for 2025 Could Be Over 2.6%, According to New Predictions

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Withholding taxes from Social Security?

My understanding is that you have to file a witholding form to have taxes withheld from Social Security payments. I'm curious about whether you have money withheld, if so how much, and what is the rea...