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.
Showing 50 results of 1306
My wife will be 67 yrs old this sept, she want's to file for he SS now but will still continue to work full time she has medical insurance from work does she have to apply for medicare now or when?
claiming Social Security early has a benefit that is rarely discussed. The combined annual benefit for my wife and I is about $45,000. Drawing this amount instead of withdrawing this from our IRA, all...
"Ute" (SUV), "chips" (French fries), "sunnies" (sunglasses), and "mates" (friends) are just a few of the slang terms I picked up earlier this year when the Keens visited our family in Brisbane, Austra...
Choosing when to claim Social Security can have a lasting impact on your retirement income, but many retirees make this decision without fully understanding how the rules work. In this Q&A episode, Je...
Two groups of lawmakers proposed commissions aimed at addressing the impending insolvency of Social Security. Unless carefully designed, these panels often fail.
Reducing Social Security benefits doesn't just impact retirees — it hits state economies, creating a double-whammy effect of smaller checks and lower GDPs.
Delaying can increase your benefit, but whether that's worthwhile in the long run depends on other factors.
Benefits could rise in 2027, but Social Security’s worsening finances may eventually mean higher taxes, later retirement or smaller checks.
Elizabeth Warren and Bernie Moreno back a broader Social Security tax base as 2032 benefit cuts loom, including taxes on capital gains, dividends and investment earnings.
Choosing when to file for Social Security isn't about hitting age 62, 67, or 70—it's personal. Here's how to find the best filing age for you and your spouse.
The Social Security decision for the higher earner in an age-gap marriage is tricky, as claiming age can determine a widowed spouse's income for years.
Trump’s Australia retirement idea should sit on top of Social Security, not replace it. The U.S. needs universal accounts and a funded floor.
I retired last spring at 62. My wife had already stepped back from her job the year before. We had saved, we had a plan, but the number that kept me awake was $1,280. That was the monthly quote for a ...
A perennial question in the financial literature is at what age is the best to begin Social Security benefits. Here's how I decided for me. The post When to Begin Social Security Benefits — How the Ma...
Waiting until 70 to claim Social Security has its benefits, including maximizing your paycheck, but there are also valid reasons why you shouldn't wait.
Understand how projected Social Security funding shortfalls could affect your claiming strategy, potential benefit cuts and the best age to file based on your situation.
As Social Security barrels toward projected cuts, a newly launched federal savings initiative could privatize the program.
If you have a pension and $1 million-plus saved, deciding when to take Social Security is about optimizing your taxes, legacy planning and long-term income.
Wife and I are retired and trying to decide on SS timing. I'm 61, she's 64. Using open social security, it shows that the best strategy is her now (probably passed the window already) and me at 70. Th...
If nothing is done, Social Security benefits will need to be cut by 22% in 2033.
An updated model pushes the projected fund depletion back by a few months, but financial experts warn that core concerns remain unchanged.
Claiming Social Security early might seem counterintuitive for the ultrawealthy, but one advisor says that when the benefits are used to fund life insurance in an irrevocable trust, the strategy could...
am I getting that right? so if you are over the full retirement age - in my case 67 - if I decide for whatever reason to go back to work, I can receive full social security benefits without any penalt...
Social Security isn't going bankrupt—but a 22% benefit cut looms in 2032. Here's what's driving the shortfall and the proposals that could shape its future.
Electronic Social Security payments are being touted as faster and safer than paper checks. But those who rely on them will need support to make the transition.
Social Security's trust fund will be depleted earlier, according to the latest estimate from the system's trustees. That estimate could be optimistic.
Social Security is phasing out paper checks. See what beneficiaries need to do now to ensure payments continue without interruption.
With the clock ticking toward the Social Security fund's projected insolvency, advisors might take different approaches depending on clients' ages and levels of wealth.
As funding questions persist for Social Security and Medicare Part A, speakers at the recent AICPA conference discussed how advisors can guide clients through complex benefit rules and options.
This is the summary - the full report can be accessed by the link on the top or left of the page. Offered without comment. 2026 Social Security and Medicare Trustee Report Summary
A growing number of Americans are working past retirement age. But what happens to Social Security, tax and healthcare when you keep on working?
What if your Social Security benefit is worth far more than you realize, and the decision of when to claim it could be one of the biggest financial choices you'll ever make? As part of our "By the Num...
The 2026 Social Security Trustees Report moves a 22% benefit cut to 2032. The fix is an old idea: tax investment income to retire the program’s legacy debt.
The program’s trustees confirmed that its primary trust fund is now set to run out of money in 2032, potentially triggering automatic cuts.
The latest projections indicate the main Social Security retirement fund will reach insolvency in less than six and a half years. For retirees and their advisors, that could mean a potential rethink o...
Don’t confuse Trust Fund insolvency with Social Security bankruptcy and the inability to pay any benefits.
The trust fund for the program, which supports roughly 68 million Americans, is on schedule to be depleted in the next six years. Benefits could be cut on average by 22 percent.
Inflation has been frustrating for retirees, but it could lead to a larger Social Security cost-of-living adjustment, or COLA, in 2027.
Here's the information you need to start your Social Security application.
June 5, 2026 – Almost to the day, today, eight years ago, was my last day at work. One thing I always looked forward to in retirement was never having to pay those dreaded payroll taxes again. Alas, e...
Analysis shows that a new tax break designed to help older adults could weaken what is now a key safety net for millions of retirees.
A bipartisan proposal to create a 75-year sovereign wealth fund for Social Security is not promising, according to Boston College researchers.
Claiming Social Security too early can cost you thousands. Before you file, ask these essential questions to ensure you aren't leaving money on the table.
Social Security’s solvency problems combined with advice by online financial commentators could cause Americans to accelerate their benefit claims.
Delaying your claim until age 70 locks in a permanent, lifelong pay raise. Here is your blueprint to construct an income bridge that safely funds your retirement gap years.
A higher cost-of-living adjustment isn't necessarily a good thing for retirees and other Social Security recipients.
Retiring at 60 feels like a clean plan. Work ends, savings take over, and Social Security fills the gap later. What most people do not realize is that decision has already changed their benefit. In th...
The 2026 OASDI Trustees Report is expected to be issued in the near future. Last year, the 2025 report was released in June. Like we did last year, we will take a shot at predicting this year’s 75-yea...
Driven by a recent spike in fuel and food prices, the 2027 Social Security COLA forecast has jumped to 3.9% — a significant increase over the 2026 raise of 2.8%.
Social Security isn't simple. Learn the key claiming strategies—spousal, survivor, disability, and more—to maximize your benefits and avoid costly mistakes.