Social Security

Showing 50 results of 467

How Social Security, Medicare, and Geopolitics Could Affect Your 2024 Planning

Oct 10 2024

The comprehensive financial plans we design at Keen Wealth factor in every piece of available information to help folks plan for what we know is coming and prepare for the unexpected. While recent eve...

keenonretirement.libsyn.com

5 Ways to Supercharge Your Social Security Benefit

Oct 09 2024

Learn how to supercharge your Social Security benefit and potentially grow your lifetime income by over $100,000....

keilfp.com

Listener Q&A: Social Security, RMDs & Annuities

Oct 08 2024

We’ve recently received a bunch of questions from our listeners and today Jeremy answers the first batch! Tune in to learn about Social Security, required minimum distributions, and annuities....

keilfp.com

? The 10 States Where Social Security Goes the Furthest (AARP Article)

Oct 07 2024

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! See how retirement benefits stack up to cost of living where you live. By Andy Markowitz, AARP. Published October 07, 2024. Social Security was never intende...

community.aarp.org

Four Social Security Myths Debunked

Oct 04 2024

With so many headlines surrounding Social Security these days, what is fact and what is fiction? For instance, will the program really run out of money?...

kiplinger.com

Spousal social security question when one makes significantly more

Oct 03 2024

Hi , love this community. I am 60, wife 59. I make a lot more then my wife so she would get more from spousal vs her own SS. If I wait until 67, can she take SS at 62 and then when I take SS at 67 can...

reddit.com

Trouble Logging In to review Social Security Application

Oct 03 2024

Has anyone experienced problems with logging in to MySSA? Can anyone explain Login.gov, ID.me and MySSA logins. Which one is the best to use and how are these different logins related....

community.aarp.org

2025 Social Security COLA Falls Once Again

Oct 02 2024

Fidelity is only provider to earn “High” ratings in both categories of new health savings…...

401kspecialistmag.com

Social Security Demystified: Calculating Taxation, Provisional Income, and the Tax Torpedo

Oct 01 2024

Listener Michael asks about how Social Security is taxed, the rationale behind the 50% and 85% tax thresholds, and the implications of these taxes on Social Security and IRA withdrawals. James respond...

buzzsprout.com

How to Maximize Social Security Spousal Benefits

Oct 01 2024

James addresses a common concern for a couple approaching retirement through a listener’s question. Listener Rob plans to collect Social Security early at 62, raising questions about his wife&rs...

buzzsprout.com

When Should You Collect Social Security if Your Spouse is Much Older?

Oct 01 2024

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

? What Grandparents Should Know About Social Security and Kids (AARP Article)

Sep 30 2024

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! What Grandparents Need to Know About Social Security for Kids. If you’re raising grandchildren, they may be eligible for benefits. By Martha C. White, ...

community.aarp.org

SS Estimates -what are they based on

Sep 28 2024

When I go to look at my Social Security status, it shows my estimated benefits if I begin taking the benefits at 62, 63, 64 .... 70 years of age. Do the estimates for each age assume I would continue ...

reddit.com

Social Security Upgrades Tech, Finally Allows Paperless Transactions

Sep 27 2024

Beneficiaries no longer have to mail, fax, or physically deliver forms or use physical signatures....

forbes.com

Social Security: Can You Change Your Mind? Yes, But...

Sep 26 2024

If your situation changes after you have filed for retirement benefits or you have changed your mind, you can cancel your application....

forbes.com

Social Security COLA drops as inflation cools

Sep 25 2024

But over the last four years, the COLA has fully protected retirees. The inflation data for August gives us a pretty good idea about the likely magnitude of Social Security’s cost-of-living adju...

crr.bc.edu

? Social Security Rolling Out Online Application for SSI (AARP Article)

Sep 23 2024

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Agency streamlining cumbersome claiming process for safety net benefit serving older adults and people with disabilities. By Reyna Gobel, AARP. Published Sep...

community.aarp.org

Beneficary question.

Sep 22 2024

Hi. My mother's husband started collecting her social security after she died 6 years ago. Recently a previous husband she is divorced from 50 years ago is now trying to file for 1/2 her social securi...

community.aarp.org

Do Retired Presidents Receive Social Security?

Sep 19 2024

With one possible exception, retired presidents get Social Security benefits like the rest of us....

money.usnews.com

Debunking 6 Social Security Retirement Myths

Sep 16 2024

Get the facts on how the Social Security program works for retirees....

kiplinger.com

Withdraw Social security application

Sep 14 2024

I retired and 62, and filed and started receiving social security. I recently had a great job opportunity and decided to “un-retire”, and filed a form SSA-521 to withdraw my social securit...

reddit.com

Social Security’s COLA: Let’s Not Mess with the Index

Sep 13 2024

The current index is a good compromise. It’s “Social Security COLA-speculation” season, and with it comes the annual controversy about whether the government is using the right index...

crr.bc.edu

2025 Social Security COLA Estimate Drops Again

Sep 12 2024

The final Social Security COLA estimate for 2025 has dropped slightly from the previous estimate....

kiplinger.com

Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples

Sep 12 2024

Benefits will be slashed 21% starting in 2033 if Social Security is not fixed, according to a new report. This is how much you could lose in annual benefits....

kiplinger.com

The Financial Benefits and Drawbacks of Working During Retirement, Ep #224

Sep 10 2024

Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working while claimi...

financialsymmetry.libsyn.com

Why You Should Expect a Lower Social Security COLA for 2025

Sep 09 2024

Avoid the COLA social security dip in 2025 with a Health Savings Account...

kiplinger.com

Social Security Administration Announces New Streamlined SSI Application

Sep 06 2024

The new SSI application is intended to make the application process less burdensome and challenging....

kiplinger.com

Living off investments while delaying SS Benefits to max (70 years old)

Sep 06 2024

Is this a strategy? The maths work, but it feel wrong. Living off investments while delaying SS Benefits to max (70 years old). I can retire now (61) and live off my investments until 70. This would m...

reddit.com

Social Security Calculator and Early Payments

Sep 01 2024

Is it possible to use the SSA.gov calculator to determine your payment amount if I retire at 62 (or some other age) and delay payments until another age, say 63. I believe, but could be wrong, that th...

reddit.com

Changes are needed

Sep 01 2024

We Need changes now for Social Security. They have been kicking the can down the road to long. This is not "Charity". We need a New calculation for COLA. This next year 2025, You will be paying anothe...

community.aarp.org

Harris' Stances on Social Security and Medicare

Aug 31 2024

A look at Kamala Harris' stances on Social Security and Medicare, including her history with the programs....

kiplinger.com

Trump's Stances on Social Security and Medicare

Aug 31 2024

Kiplinger looks at Donald Trump's stances on Social Security and Medicare, including what he did as president....

kiplinger.com

Want to Move to Portugal? What to Consider Financially

Aug 31 2024

Knowing what to expect when it comes to your taxes, investments, real estate, Social Security benefits and other money-related issues is critical....

kiplinger.com

Americans Unfamiliar With How or When to Take Social Security Benefits

Aug 30 2024

And only 22% have talked about their Social Security concerns with an advisor, reports Allianz Life...

401kspecialistmag.com

Three Changes Coming for Social Security in 2025

Aug 29 2024

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

kiplinger.com

What Documents Do You Need When Applying For Social Security?

Aug 29 2024

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....

forbes.com

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

Aug 27 2024

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

kiplinger.com

Seeking investment advice for a concerened 61 yr old.

Aug 26 2024

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 ...

reddit.com

Should You Delay Social Security if You're Wealthy?

Aug 25 2024

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....

kiplinger.com

Need to be careful not to jump the gun

Aug 24 2024

...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 ...

reddit.com

How Much Money Could The Social Security 2025 COLA Deliver?

Aug 22 2024

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

forbes.com

Americans Want Social Security Boosted Now

Aug 21 2024

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

kiplinger.com

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

Aug 20 2024

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

kiplinger.com

Listener Voicemails: Social Security, Trusts, and IRA Math Mysteries

Aug 19 2024

In this episode we’re answering listener voicemails and tackling some tough questions about Social Security, RMDs, estate planning, and more. First up, we help Diane, whose husband is a minister...

sites.libsyn.com

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

Aug 17 2024

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...

reddit.com

Happy 89th Birthday, Social Security!

Aug 17 2024

August 16, 2024 – This week Social Security celebrated its 89th birthday. To celebrate, WISER is highlighting key tips and information you need to know about this important program and what impa...

wiserwomen.org

About Social Security

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.

To be eligible for Social Security benefits, an individual must have worked and paid into the Social Security system for a certain number of years. The amount of benefit that an individual receives is based on their earnings history, with higher earners receiving a higher benefit.

In general, people are eligible to receive Social Security retirement benefits when they reach the full retirement age, which is determined by their date of birth. The full retirement age is currently 66 for people born between 1943 and 1954, and it is gradually increasing to 67 for those born in 1960 or later. However, people can begin receiving reduced benefits as early as age 62, or they can choose to delay receiving benefits until after their full retirement age, in which case they will receive a higher benefit.

It is important to note that Social Security benefits are not intended to be the sole source of income for retirees. Rather, they are meant to supplement other sources of retirement income such as savings, investments, and pensions. It is important to plan for retirement and consider all sources of income that may be available to you.