Here’s What It’s Like to Retire on Almost Nothing but Social Security
Four retirees with limited incomes open up about how they make it work...
wsj.com
Jan 06 2024
Showing 50 results of 1000
Social Security COLA falls far short of 2024 prices, study finds
Social Security is getting a 3.2% boost this month — but retirees' expenses have risen by more than triple that rate since last year....
financial-planning.com
Jan 04 2024
Conservative investment alternatives as CD rates drop.
As CDs mature and rates drop, where would you move this money? My current portfolio is 50% Equities, 40% CD and 10% Bonds. I'm drawing SS and plan to retire this year. I'm 68 years old, sold my house ...
reddit.com
Jan 04 2024
Anyone factored in Social security reductions?
Politics aside please… So we always hear about social security headed for insolvency and one solution being tossed around is reducing benefits by 20-30%. Has anyone here factored that possibili...
reddit.com
Jan 04 2024
Age 70 Start for Social Security
I will turn age 70 on June 1 and plan to start taking Social Security then in order to get the highest amount. So I have a timing question: Do I have to have first turned age 70 to do this? For exampl...
community.aarp.org
Jan 04 2024
Which States Tax Social Security Benefits? Missouri, Nebraska Change Rules
Learn all about Medicare plans and costs for different parts of the plan with Money's expert guide....
money.com
Jan 03 2024
Social Security Benefits and Working While Receiving
I have a slightly oddball question that doesn't seem to fit anywhere. The text of the letter I just received from SSA says this about working while collecting: "When you reach your full retirement age...
reddit.com
Jan 03 2024
200 People Already Paid Their Social Security Taxes: Happy New Year!
Elon Musk earned $160,200 in about 4 minutes. In the first few hours of 2024, over 220 U.S. workers will have likely paid their Social Security taxes for the entire year. In contrast, over 160 million...
forbes.com
Jan 02 2024
I'm 69 and thinking hard about leaving full-time work
Only about 10% of people wait until they are 70 to collect Social Security and get all the reasons, expected longevity, current health, and so on. I'm 69 and two months and now thinking hard about ret...
reddit.com
Dec 30 2023
What America’s Retirement Downgrade Means To You!
Tax increases, stubborn inflation, skyrocketing healthcare costs… And Social Security’s running out of money. It’s no wonder America’s retirement system just got downgraded. H...
bossretirement.com
Dec 26 2023
Timing on Taking Social Security
It seems like a simple question, but I cannot get a straight answer, arrg!!! Help! If I retire at 64, and no longer work, and I decide not to take SS benefits until 67, will the SS amount continue to ...
community.aarp.org
Dec 21 2023
What Is the Social Security Administration?
Learn about how Social Security programs support retirees, people with disabilities and more....
money.usnews.com
Dec 21 2023
Financial management thoughts, recent developments
My wife and I are both retired at 67. I'm deferring Social Security until 70 to maximize the monthly benefit; my wife is collecting hers because it makes sense to. Our lifetime, based on family, will ...
reddit.com
Dec 21 2023
Understanding the Characteristics and Needs of Tribal Community Members for Social Security Delivery
Abstract This paper examines the Social Security Administration’s (SSA) ongoing efforts to strengthen its relationship with tribal communities across the U.S. We conducted a descriptive study of...
crr.bc.edu
Dec 20 2023
Social Security Benefits Have Been Earned and Will Be in the Future
Benefit/contribution ratios provide no guidance on how to fix Social Security. Two of my friends – Andrew Biggs (“No, Social Security Isn’t Earned”) and Gene Steuerle (“L...
crr.bc.edu
Dec 20 2023
The Protective Filing Statement
Photo credit: jb When planning for your Social Security benefits, there is an additional tactic that you may never have heard of: the Protective Filing Statement. This statement is a way to apply for ...
financialducksinarow.com
Dec 18 2023
Encore: 6 Social Security Mistakes That Can Damage Your Retirement
In today's encore episode, we're talking about how to avoid the six most common Social Security mistakes. Some of these mistakes can be easily corrected. However, others can result in long-term or eve...
sites.libsyn.com
Dec 18 2023
Social calculation of full retirement date
When I go to social security site It shows an amount at different ages and lines from 62-70. I plan to retire at 64 but not take social until 67. I know they do a 40 year look back. But is that amount...
reddit.com
Dec 18 2023
Does it make sense to cash out my term 70 life ins policy?
I (65f), divorced. My income is Social Security plus some side income from selling crafts. I have a partner of 10 yrs who is quite comfortable in their retirement funds and helps keep our standard of ...
reddit.com
Dec 16 2023
The Impact of Past Incarceration on Later-Life DI and SSI Receipt
Abstract In the three decades from 1980 to 2010, there was a steady rise in the number of men receiving Social Security Disability Insurance (DI) benefits. The number of beneficiaries peaked in 2012 a...
crr.bc.edu
Dec 14 2023
Am I Ok to retire at 67? Will I have to work? I live frugally.
Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...
reddit.com
Dec 14 2023
More Americans Are Optimistic They’ll Get Social Security Benefits When They Retire
Pessimism about Social Security appears to have peaked a decade ago....
money.com
Dec 13 2023
When Should You Collect Social Security if Your Spouse is Much Older?
James addresses a listener's question regarding Social Security strategies in retirement. Sasha, aged 59, seeks advice on when to start collecting Social Security, considering her husband's benefits a...
buzzsprout.com
Dec 12 2023
How the 2024 Social Security COLA May Impact Retiree Tax Bills
Understand how Social Security payments are adjusted for inflation and think about your taxes for the coming year....
money.usnews.com
Dec 11 2023
Social Security – Beware The Annual Earnings Limitation
Whenever you apply for Social Security benefits before your full retirement age, those benefits are always reduced....
forbes.com
Dec 08 2023
It Is A Good Time To Address America’s Retirement Challenge
The current strong economy is an opportunity to address the Social Security shortfall, update contribution rates, and expand retirement savings options....
forbes.com
Dec 08 2023
How Can Changes to Social Security Improve Benefits for Black and Hispanic Beneficiaries?
Abstract This paper compares Social Security outcomes for non-Hispanic Black, Hispanic, and non-Hispanic white beneficiaries and assesses the capacity of various benefit enhancements to narrow racial ...
crr.bc.edu
Dec 08 2023
Social Security Combined With Teacher Retirement
My wife is a teacher in a public school system in Georgia, and plans to retire at the end of the current school year. The system she has always worked for (35 years) does not participate in Social Sec...
community.aarp.org
Dec 07 2023
Utah retirement experts issue critical warning about Social Security
Retirement experts Tyson Thacker and Ryan Thacker have issued a critical warning to Utah residents who are planning to file for Social Security in the next five years. “Social Security is a crit...
bossretirement.com
Dec 05 2023
Social Security Taxes vs. Benefits: Americans Take Far More Out Than They Pay In
New Urban Institute report shows the average American will receive much more in benefits…...
401kspecialistmag.com
Dec 03 2023
What do you cash in first, IRAs or non-IRAs?
What do you cash in first, IRAs or non-IRAs? We have a gap of 4-6 years between retirement and claiming SS. We need to draw from savings, should we cash the IRAs or the non-IRAs (mainly 401k's and mon...
reddit.com
Dec 01 2023
Plow social security payments back into retirement account?
My husband (66) has always been the primary breadwinner. He was laid off from his corporate job in 2004 and started his own consulting business. We've made it through, but there's never been extra mon...
reddit.com
Nov 30 2023
The Affect of Earnings on Your Social Security Benefit
Photo credit: coop Your wage earnings and other income can impact your Social Security benefit in several ways. These earnings can increase the amount of your Social Security benefit that is taxable. ...
financialducksinarow.com
Nov 27 2023
Spousal Benefit Calculation - Will SSA provide max payment?
I am in the process of submitting application on the SSA web site for my wife to start collecting social security benefit at FRA in February 2024. Will SSA automatically calculate her maximum payment,...
reddit.com
Nov 27 2023
Incremental Payment of Social Security when starting between age 68 and 69
I am starting Social Sec at 68 and 10 months. On the Soc Sec graph at 68 I would have received (this is an example) say $2700 and at 69 say $3000. When I took it at 68 and 10 months I am still only re...
community.aarp.org
Nov 27 2023
Collecting Social Security Benefits
I am 65 years old and I want to start collecting my SS benefits now. My full retirement age is 66 and 8 months. I was told by SS agent that if I work and make money while collecting Social Security be...
community.aarp.org
Nov 26 2023
2024 Social Security Statement
I received my Social Security statement last night for 2024 COLA increase. For those that are interested check the SS site and see if yours is available....
community.aarp.org
Nov 26 2023
The Top 5 Financial Fears For the Next Generation of Retirees
You may not realize it … The skyrocketing cost of healthcare. Continued inflation. Social security on life support. And the threat of higher taxes coming soon. Americans have a long list of con...
bossretirement.com
Nov 20 2023
5 Reasons Why You Should Delay Your Social Security Benefits As Long As Possible
As my retirement approached in 2021, my wife and I collaborated closely with our financial advisor to determine our streams ... Read more...
physicianonfire.com
Nov 14 2023
Race is a Factor in Where We Get Social Security Info
The first place most people say they would go for information about Social Security’s various benefits is family and friends. That’s true whether they are Black, White, Asian, or Hispanic....
crr.bc.edu
Nov 14 2023
Three Reasons to Take Social Security Early
The experts typically say that you’re better off waiting. But that isn’t always the case....
wsj.com
Nov 14 2023
Want Medicare. No social security until later
Trying to sign up for Medicare online but the process keeps walking me through Social Security benefits which I DON’T want yet. Is this usual? How do I get on the correct path? submitted by /u/a...
reddit.com
Nov 13 2023
How the federal government has failed the next generation of retirees
The next wave of retirees will face a grim reality as they grapple with a government system that is failing them on multiple fronts. These daunting challenges include the Social Security Trust Fund ru...
bossretirement.com
Nov 08 2023
5 Misconceptions About Filing for Social Security That Could Cost You a Fortune
You may not realize it … But filing for social security could be one of the most important financial decisions in your life. Because the difference between your best and worst case scenarios&he...
bossretirement.com
Nov 07 2023
Social Security And Medicare: Determine When To Take Your Best (…and Only) Shot
For seniors, Social Security and Medicare are arguably two of the most prominent issues. You should not make these two important decisions on your own....
forbes.com
Nov 07 2023
What Happens to Social Security Benefits When You Die?
Here's what happens to your Social Security benefits when you pass away....
money.usnews.com
Nov 07 2023
Question about taking Social Security early and working
I will reach FRA in April, 2025. I plan on taking SS early, in Jan, 2024. I am still working and I understand that if I earn over the approx 22K amount, I will be subject to the $1 reduction per $2 ea...
reddit.com
Nov 02 2023
I’m retiring at 63, will my SS be taxed at a excessive rate if I have a pension?
I will be retiring with generous pension, paid in social security for 40 years full time. I’m told they will tax my SS benefit about 85%. I’m holding off applying until I know for sure. I ...
reddit.com
Nov 02 2023
Why Some Retirees Won't Get the Full 3.2% Social Security COLA Next Year
The American Federation of Government Employees calls the reduced raise a "diet COLA."...
money.com
Nov 01 2023
The New York Times Greedy Geezer Myth
The intergenerational-conflict myth is weaponized to cut Social Security and Medicare and make people work longer. The intergenerational – conflict myth intones that politicians who cut spending...
forbes.com
Oct 28 2023