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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Photo credit: jb With all the talk about how Social Security is running out of money (or will be, currently projected at 2035), one of the topics that often comes up is the age limits for benefits. As...
In this episode, Devin dives deep into the Social Security questions sent in by our listeners. Topics include questions on the earnings limit, spousal benefits, survivor benefits, and the big one...ho...
My wife is retiring from her job with our state govt. She will be drawing a pension. She is not old enough for SS yet. She is going to receive a lump sum amount for accumulated vacation/sick time. Her...
Suze Orman Advice on Social Securityhttps://www.suzeorman.com/blog/tag/social-security...
Anybody who can "wait" to take SS doesn't need it at 62. If you can wait to take SS, then why not just take it at 62 and throw the money into an index fund or even a 4.5% CD. Just pretend like you hav...
One of the more confusing Social Security rules is the limit on earnings while receiving retirement benefits....
How much do retirees really spend in retirement? Does the Social Security Primary Insurance Amount (PIA) continue to rise with inflation? Is all the talk about higher future tax brackets just fear-mon...
Discovering the link between Social Security spousal benefits within a couple and breaking down the consequences of deciding when each person starts taking it. Managing your Social Security as a coupl...
So i m retiring soon, my wife is already retired. As far as pension, healthcare, social security, 401K, taxes…. I m fine with these important aspects of retirement What i want to look at now is...
Ask these six questions before taking Social Security if you're trying to figure out the right timing....
Yes, delaying Social Security means a bigger benefit. But when deciding whether it's worth the wait, take stock of these pros and cons. You might be surprised....
Do your traditional IRA distributions count as income that could lower your social security benefits? It depends....
Wife and I struggling over where to retire within 3 years. Me M(64) she F (xx - to protect me from getting stink eye). Leave it to say, she is already retired as is not working and drawing SS. We are ...
A new study finds that Social Security is more valuable to Black retirees than to Whites – despite the fact that Blacks have shorter lives and receive monthly benefits for fewer years of retirem...
Here are some questions to consider and general rules to maximize your overall lifetime benefit if you're single and have never been married....
I live in Thailand where my SS check is sent. In the past I was able to transfer online and also had an ATM card. Now the Thai banks are saying that the US govt has said that all recipients must go to...
Why Some Social Security Recipients Will Get 2 Payments in May...
When Will Social Security Run Out of Money? Latest Prediction Offers Good News...
Thousands of Social Security Recipients Will Soon Qualify for Bigger Payments...
Social Security COLA: Projected 2025 Payments Tick up on Latest Inflation Data...
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
What the heck is a representative payee? Social Security approves a family member or, less frequently, an organization to receive benefits on behalf of an individual who is old and infirm or has a dis...
Photo credit: jb If you’ve been looking into your Social Security projected benefits for long, you’ve probably run across the term Primary Insurance Amount, or PIA. Click on the link to se...
Both spouses can receive Social Security based on their individual earnings records and at what age they claim benefits...
Once you tie the knot, your Social Security benefit will be forever tied up with your spouse’s — and that can be a good thing if you understand how it works....
I turn 52 this year. I believe I’m in a good spot for my plan to retire at 59 or 60, maybe even sooner, but I’d like to get some thoughts from the group on some specific concerns. Hoping s...
Thebrief’skey findings are: The 2024 Trustees Report showed a slight drop in the 75-year deficit, but the depletion date for the retirement trust fund remains at 2033. The prospect of a 21-perce...
What if the traditional wisdom on how to fix Social Security no longer holds? The trustees who oversee the program issued their annual financial forecast yesterday, predicting that the combined retire...
Don’t take a non-expert’s advice on when to claim Social Security benefits — they don’t know everything about your unique situation....
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a d...
As stated in the title, what do you all do, if you are collecting social security, about taxes? Do you have a certain percentage taken out of your social security before receiving it monthly or pay qu...
I’m planning on working until the age of 70. I’m 54 now and I love my job. I get plenty of time off for travel, etc. My current expenses are 4k a month. I should get around 3k in SS,if I w...
Social Security just expanded access to Supplemental Security Income (SSI) benefits and reduced the administrative burden for low-income households....
To plan smart for retirement, estimate your Social Security benefits years before you'll need the money. Here's how to do it....
FROM ARTICLE - SEE ARTICLE FOR MORE! Medicare and Social Security Are Critical to a Secure Retirement, Say Americans 50+. By Rebecca Perron, AARP Research & Teresa A. Keenan, AARP Research. Publis...
I have been thinking about retiring for some time. I am already collecting SS and on Medicare A and B while working full time. My job has been getting worse and worse, and I just heard from my boss th...
A bill was recently introduced in the House by Rep. Angie Craig (D-Minn) called "You earned it You keep it". It would eliminate federal taxes from Social Security wages. A windfall for most retired pe...
I (F 62) am getting ready to retire August 1st. I'm ready, and have run the numbers, and while I won't be swimming in money, I'll get by with SS and pension, and hubby's SS and pension, plus my 457 an...
For retirees, tax troubles from sunsetting irrespective of whether Congress goes red, blue or stays purple; and Social Security needs Congressional attention as well...
Social Security COLA forecast adjusted to 2.6% in 2025. That's bad news for retirees still struggling to keep up with inflation....
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers....
Some economists argue that tax-advantaged retirement plans are not as beneficial as they seem....
Wondering if anyone is in the same boat as I am. I turn 62 in December. Have a good job I like but my health is failing. Cardiac issues. I plan on retiring in Jan. My wife has a great job that she lov...
FROM ARTICLE - SEE ARTICLE FOR MORE! Latest forecast from program’s trustees pushes back benefit reduction date by a year. By Andy Markowitz, AARP. Published May 06, 2024. The trust funds from w...
You may not realize it … But filing for social security could be one of the most important financial decisions of your life. Because the difference between your best and worst case scenarios&he...
As Congress battles over shutdowns, Social Security's staff has dwindled to its smallest size in decades. For retirees, that means longer wait times and delayed benefits — but advisors can help....
Latest study by NIRS says women want Congress to increase funding for Social Security and…...
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 ...
A proposed bill could change how the Social Security COLA is calculated, resulting in higher benefits for retirees....
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...