Social Security
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Weighing the Pros and Cons of Taking Social Security at Age 62
Aug 15 2024
You should delay taking Social Security until you reach age 70. Unless, of course, you shouldn't. Or can't. Yes, my team at Keen Wealth generally advises folks to delay their benefits as long as possi...
keenonretirement.libsyn.com
What Younger Generations Need To Know About Social Security, Medicare
Aug 14 2024
Misunderstandings about the solvency of Social Security and Medicare adversely affect the retirement planning of younger generations....
forbes.com
On Social Security’s Birthday, Let’s Give It The Gift Of A Long-Term Funding Solution
Aug 14 2024
Social Security celebrates its 89th birthday today, but this highly popular and effective anti-poverty program needs a long-term funding solution....
forbes.com
To Fix Social Security, Increasing the Wage Base Should Be Part of the Solution
Aug 14 2024
I would argue for moderation. I usually have a strong opinion on issues in my sphere, but have been going back and forth about one component likely to be in any package to fix Social Security – ...
crr.bc.edu
Spousal SS Benefits
Aug 14 2024
My wife is 5 years older than me. If she starts taking her SS at her full age, it will be around $900/month. When I retire and take SS at my full age, half of it will be around $1800/month. Can my wif...
community.aarp.org
Social Security Benefits – Spousal Or Survivor? - Which One?
Aug 13 2024
There is often confusion between a spousal benefit and a survivor benefit. There is a difference as they are two totally separate benefits....
forbes.com
A Framework for Claiming Social Security Retirement Benefits
Aug 12 2024
At Abundo Wealth, we have a growing team that provides individualized advice to every client based on their unique circumstances. However, we prioritize applying a consistent framework for providing t...
caniretireyet.com
Here's What's Wrong With Trump's Pledge to Repeal Taxes on Social Security Benefits
Aug 12 2024
Eliminating taxes on Social Security benefits could impact your finances. Here's what you need to know....
kiplinger.com
Where the Candidates Stand on Social Security
Aug 09 2024
As the presidential election draws closer, a look into possible Social Security policies…...
401kspecialistmag.com
Raising Social Security Retirement Age ‘Would Cut Benefits by Thousands’: Analysis
Aug 08 2024
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money.com
Retired and living on Social Security checks?
Aug 08 2024
Hi -- I am a reporter at USA Today, and I am halfway through an article about people who are retired and living on their Social Security checks. I want to find a few more people to interview. If you a...
reddit.com
Yes, You Can be Trained to Detect Imposter Scams
Aug 07 2024
It is not difficult to find people who have received a fake email claiming to be from the government or a retailer asking them to clear up a problem with their Social Security number, tax filing, or r...
crr.bc.edu
Does AARP support the idea of no taxes on Social Security benefits?
Aug 07 2024
I'm interested in the idea of no taxes on Social Security benefits. I understand that this is a campaign promise by a presidential candidate but feel it is something that AARP should support....
community.aarp.org
When is the Best Age to File for Social Security?
Aug 06 2024
Did you know… 96% of Americans forfeit an average of $111,000 in social security income… And it’s all because they file for their benefits… at the wrong time. Discover how&h...
bossretirement.com
Marry to give partner SS Benefits?
Aug 02 2024
I am fairly well off financially at 52 and have paid the max into SS for the last 15+ years. I began dating a great younger lady (37) who does not have a lot savings and lives pay check to paycheck (s...
reddit.com
Why Trump’s Repeal Of Social Security Benefits Taxes Could Speed Insolvency
Aug 02 2024
The tax cut would reduce Social Security and Medicare revenues by $1.5 trillion over the next decade, sharply reducing benefits for millions of recipients...
forbes.com
Social Security Benefits Have Lost 20% of Their Buying Power Since 2010: Report
Jul 29 2024
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money.com
Actuaries Double Down on Questionable Primary Cause of Social Security’s Financial Deterioration
Jul 29 2024
Last week, the American Academy of Actuaries (AAA) released An Actuarial Perspective on the 2024 Social Security Trustees Report. This Issue Brief was released about six months after the release of th...
howmuchcaniaffordtospendinretirement.blogspot.com
Social security early for working spouse
Jul 28 2024
This might seem like an odd question but I've been getting conflicting advice. Husband 71 and retired with pension and SS. I'm 65 and working full time at the moment. My full SS is 66, 10 months. My h...
reddit.com
Social Security Login Changes Taking Effect Soon
Jul 26 2024
my Social Security accounts created before 2021, are transitioning to the Login.gov platform....
kiplinger.com
Social Security and Working: Everything You Need to Know
Jul 26 2024
Here is what you need to know about Social Security and working: taxes, penalties, when to start benefits, and when to stop work. The post Social Security and Working: Everything You Need to Know appe...
newretirement.com
Solving Social Security’s Funding Shortfall Requires Acknowledging Uncertainty
Jul 26 2024
We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discoun...
crr.bc.edu
Social Security Issues Two Alerts
Jul 26 2024
The Social Security Administration recently issued two alerts, one describing an important change and the other warning about a new scam....
forbes.com
Leaving Social Security Untouched May Drive 3.8M Seniors Into Poverty
Jul 26 2024
Failing to fix Social Security's looming financial shortfall would throw 3.8 million seniors into poverty by 2045. Median promised benefits would decline by $5,900....
forbes.com
Remarriage & Social Security: What Happens Next!
Jul 26 2024
Exploring the rules & options for how to handle the Social Security survivor benefit in the event of remarriage....
keilfp.com
Earning Less in 2024 Than 2023 - Will This Affect Upcoming SS Payments?
Jul 24 2024
I am retiring in December of this year. I will start collecting SS in January 2025 or may push it off a few months if finances allow. For the past nearly 15 years I've been able to count on yearly sal...
reddit.com
Navigating Social Security: Listener Questions Answered
Jul 22 2024
In this episode of the Big Picture Retirement podcast, we dive into listener questions about Social Security, tackling a wide range of scenarios to help you navigate the complexities of your benefits....
sites.libsyn.com
Achieving Long-Term Financial Security without Relying Solely on Social Security
Jul 21 2024
Many of my readers are concerned about how they will survive financially after retirement, especially when they realize how small their Social Security benefits will be, compared with what they curren...
baby-boomer-retirement.com
? Online Account Users Will See Login Changes (AARP Article)
Jul 19 2024
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Logging in to Your Social Security Account? You May Find a Surprise. SSA sign-in change will affect millions of My Social Security users. By Andy Markowitz, ...
community.aarp.org
When to start collecting SS
Jul 19 2024
Long story short, I work a full time job and I will be 67 yrs old . I recieved a notification from SS that I can start collecting my full SS. Friends are telling me not to start collecting since I am ...
community.aarp.org
NOTICE for 07/19/2024 - Social Security Offices CLOSED - IT Outage
Jul 19 2024
SSA.gov - Office Closings and Emergencies-Closures or Delays Affecting In-Person Service From the link ~ Due to widespread IT outages due to the global Microsoft and Crowdstrike issues, local Social S...
community.aarp.org
Social Security COLA for 2025 Could Be Over 2.6%, According to New Predictions
Jul 18 2024
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money.com
Social Security Demystified: Calculating Taxation, Provisional Income, and the Tax Torpedo
Jul 18 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
Withholding taxes from Social Security?
Jul 17 2024
My understanding is that you have to file a witholding form to have taxes withheld from Social Security payments. I'm curious about whether you have money withheld, if so how much, and what is the rea...
reddit.com
As a landmark law turns 50, here are five ways to improve retirement security
Jul 15 2024
The programs that Americans rely on for security in retirement today rest on just a few major legislative acts. The two most important are the laws that created Social Security, Medicare and Medicaid ...
retirementrevised.com
My Social Security will be discontinuing log in using your username and pw
Jul 12 2024
Per today's SSA Blog, going forward users must use either an ID.me or a login.gov to log into their SSA account You can still use your username and password for "awhile". And the blog says there are h...
community.aarp.org
Project 2025 Impact on Social Secruity
Jul 10 2024
Project 2025 also known as Agenda 47 cuts Social Security benefits by raising the retirement age. Why have we heard nothing from AARP on this? If you aren’t familiar with Project 2025, It’...
community.aarp.org
Age Adjustments for Social Security
Jul 08 2024
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...
financialducksinarow.com
Answering Listener Questions on Social Security
Jul 08 2024
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...
sites.libsyn.com
Getting a sum payout upon retirement.
Jul 02 2024
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...
reddit.com
Suze Orman Advice on Social Security
Jun 30 2024
Suze Orman Advice on Social Securityhttps://www.suzeorman.com/blog/tag/social-security...
community.aarp.org
SS Question - Taking at 62 and investing
Jun 30 2024
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...
reddit.com
Facts And Fiction About The Social Security Earnings Test
Jun 28 2024
One of the more confusing Social Security rules is the limit on earnings while receiving retirement benefits....
forbes.com
Spousal Social Security, Retirement Expenses and Roth Conversions | YMYW Extra - 4
Jun 27 2024
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...
purefinancial.com
Maximizing Your Spousal and Survivor Social Security Benefits
Jun 27 2024
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...
keilfp.com
What are some $ benefits retirees get?
Jun 25 2024
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...
reddit.com
Taking Social Security? Six Questions to Ask Before You Act
Jun 22 2024
Ask these six questions before taking Social Security if you're trying to figure out the right timing....
kiplinger.com
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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.