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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When should Richie and Heather and Rebecca and Sam collect their Social Security benefits? Why is Dan’s benefit so much higher than his wife’s? PWare has a Roth conversion case for claimin...
Will there be any coverage of the changes to Social Security eligibility/payments because of the changes to WEP/GPO?...
I am 71 years old and worked for the Post Office for over 30 years. I am collecting a government pension and was not eligible for spousal benefits due to GPO.I do have an online SS account and used th...
So what is done is done - Passage of HR 82 happened last nite in the Senate. But now we need more money to come into the Social Security Trust Fund ASAP to help make up for this $ 200 Billion being pa...
Though Social Security was designed to provide a safety net of about 40% of a retiree's customary income needs, there are millions of people for whom SS is at least 75% of their income. I'm not talkin...
Many middle-aged adults nearing retirement face anxiety over uncontrollable factors like Social Security cuts, lower investment returns, and increasing tax rates. Ari and James discuss how fear of the...
But the increase should be small and gradual. Enough with politics. It’s time to get back to solving problems. Not surprisingly – given my slant on the world – the problem I care mos...
John in Pennsylvania doesn’t have bonds in his investment portfolio. Should he add them, and if so, where? That’s today on Your Money, Your Wealth® podcast number 508 with Joe Anderson...
Curious about how timing your Social Security could maximize your benefits? Join Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions as they welcome their long-time friend and Investment Advisor...
It’s been 40 years since the social security tax was imposed back in 1984. And the AARP has done nothing to repeal that tax. That seems like it should have been a year after year priority with e...
If that question has been on your mind, we've got good and bad news....
Timing is everything when it comes to starting Social Security. Here are the top reasons why people choose to delay or take it early, according to one expert....
In ways big — e.g., Donald Trump's reelection — and small — e.g., a slight reprieve for Social Security's trust fund — 2024 was a turning point for American retirement. Here's ...
A bill has been introduced to eliminate taxes on Social Security benefits....
The maximum Social Security check is $5,108 in 2025, up from $4,873 in 2024. Even if you don't qualify for the maximum monthly benefit, you can still increase your payments....
This legislation would allow some workers to double-dip and speeds the exhaustion of the trust fund. On November 12, the House passed the Social Security Fairness Act to repeal the Windfall Eliminatio...
Some people don’t receive all their Social Security benefits, even though they paid into the system. A bill would change that....
Don't unnecessarily delay or reduce your Social Security benefits because you don't know all the rules and requirements....
While inflation has been easing downward, it has still been pinching retirees’ budgets. Will retirees still be getting a big raise via their Social Security Cola?...
There is support for a House vote in Congress to eliminate this provision. This article is written to provide you with the reasoning for WEP....
The longer a husband delays his Social Security retirement benefits, the larger the check his wife will get when he dies. And odds are that he’ll die first, so that decision to delay will leave ...
Note: you can find the first part of this discussion of Social Security Survivor Benefits at the link. Part 1 covered the basics of Survivor Benefits, and this article covers other considerations with...
Basics of the Social Security Survivor benefit. This article lays the foundation for understanding this confusing aspect of Social Security. The post The Social Security Survivor Benefit – Part ...
Declining inflation led to the lowest cost-of-living adjustment since 2020, with the 2025 COLA set to rise 2.5%....
F66 and Husband 71. Full Retirment is 66 and 8 month. Received a severance package that covers me till January 2025. Our total combined net worth including home around 750K Home is about $250k SS woul...
Meet Sarah—a retiree with a multi-million-dollar portfolio, no mortgage, and all her income needs covered by Social Security. Yet, she hesitates to furnish her newly expanded home, fearing it wo...
The majority of Americans surveyed expect to rely on Social Security benefits to help cover everyday expenses in retirement, yet 73% worry they won’t get them....
Changing course on claiming Social Security is doable, with more options than you might expect....
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Two Reports Address How to Improve Social Security’s Minimum Benefit. By Jim Palmieri, AARP Public Policy Institute. Chantel Boyens and Jack Smalligan,...
A few months ago, I reached out to this community for help with a story in USA TODAY about whether you can live comfortably in retirement on Social Security alone. Well, the story just published. I wa...
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why isn't AARP holding Trump to his promise of no fed tax on SS checks and making it a public issue....
There are two ways to apply for Social Security retirement benefits....
This proposal would undermine support for the program and delay a real solution. My clever friend, and occasional co-author, Andrew Biggs is up to mischief again. He and his lawyer co-author Kristin S...
Social Security ex-spousal benefits are the same as current spousal benefits but the criteria to qualify is different. Learn more about it in this article....
If there's one thing we know that the financial markets like, it's certainty. And since the 2024 presidential election was settled overnight -- rather than the weeks it took to count votes in 2020 -- ...
Despite knowing that they're giving up higher income, many pre-retirees plan to claim Social Security benefits before full retirement age....
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...
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....
Younger workers have a lot to gain by understanding how Social Security works....
You might, depending on your income, but smart financial planning now can help lower or even eliminate your taxes in the future....
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...
As CMS announces 2025 Medicare premiums and deductibles, new analysis finds Medicare Part B…...
Deal with SS&C's Black Diamond Wealth Platform integrates customized 401(k) solution for…...
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,…...
He proposed exempting Social Security benefits from income tax—effectively raising benefits for those higher-income retirees now subject to the levy....
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....
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…...
From applying for Social Security and donating to charity to maximizing your savings accounts, ere are retirement moves to make before 2025....
He said that Social Security won't be federally taxed.......