Social Security
Showing 50 results of 469
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
The Social Security Conundrum: Take It Now, or Wait Till 70?
Jun 22 2024
Yes, delaying Social Security means a bigger benefit. But when deciding whether it's worth the wait, take stock of these pros and cons. You might be surprised....
kiplinger.com
How IRAs Impact Social Security
Jun 19 2024
Do your traditional IRA distributions count as income that could lower your social security benefits? It depends....
kiplinger.com
Retirement options in North Carolina
Jun 15 2024
Wife and I struggling over where to retire within 3 years. Me M(64) she F (xx - to protect me from getting stink eye). Leave it to say, she is already retired as is not working and drawing SS. We are ...
reddit.com
Social Security Particularly Helps Black Retirees
Jun 14 2024
A new study finds that Social Security is more valuable to Black retirees than to Whites – despite the fact that Blacks have shorter lives and receive monthly benefits for fewer years of retirem...
crr.bc.edu
Social Security: For Singles Only
Jun 14 2024
Here are some questions to consider and general rules to maximize your overall lifetime benefit if you're single and have never been married....
forbes.com
Uncle Sam making me go to the Bank
Jun 09 2024
I live in Thailand where my SS check is sent. In the past I was able to transfer online and also had an ATM card. Now the Thai banks are saying that the US govt has said that all recipients must go to...
community.aarp.org
Social Security Video Connect – Benefit Applications
Jun 08 2024
In our ongoing commitment to provide efficient and equitable service, you may be able to use your personal device to conduct your business with Social Security via video. With Social Security Video Co...
wiserwomen.org
Why Some Social Security Recipients Will Get 2 Payments in May
Jun 03 2024
Why Some Social Security Recipients Will Get 2 Payments in May...
money.com
When Will Social Security Run Out of Money? Latest Prediction Offers Good News
Jun 03 2024
When Will Social Security Run Out of Money? Latest Prediction Offers Good News...
money.com
Thousands of Social Security Recipients Will Soon Qualify for Bigger Payments
Jun 03 2024
Thousands of Social Security Recipients Will Soon Qualify for Bigger Payments...
money.com
Social Security COLA: Projected 2025 Payments Tick up on Latest Inflation Data
Jun 03 2024
Social Security COLA: Projected 2025 Payments Tick up on Latest Inflation Data...
money.com
Budgeting and tracking processes
May 30 2024
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
reddit.com
Social Security’s Representative Payees: Time for a Tune-up
May 29 2024
What the heck is a representative payee? Social Security approves a family member or, less frequently, an organization to receive benefits on behalf of an individual who is old and infirm or has a dis...
crr.bc.edu
How PIA Relates to Your Benefit
May 27 2024
Photo credit: jb If you’ve been looking into your Social Security projected benefits for long, you’ve probably run across the term Primary Insurance Amount, or PIA. Click on the link to se...
financialducksinarow.com
Can Both Spouses Collect Social Security Benefits? What You Need to Know
May 26 2024
Both spouses can receive Social Security based on their individual earnings records and at what age they claim benefits...
kiplinger.com
How Getting Married Affects Your Social Security Benefits
May 24 2024
Once you tie the knot, your Social Security benefit will be forever tied up with your spouse’s — and that can be a good thing if you understand how it works....
kiplinger.com
Questions about VA and SS benefits
May 23 2024
I turn 52 this year. I believe I’m in a good spot for my plan to retire at 59 or 60, maybe even sooner, but I’d like to get some thoughts from the group on some specific concerns. Hoping s...
reddit.com
Social Security’s Financial Outlook: The 2024 Update in Perspective
May 22 2024
Thebrief’skey findings are: The 2024 Trustees Report showed a slight drop in the 75-year deficit, but the depletion date for the retirement trust fund remains at 2033. The prospect of a 21-perce...
crr.bc.edu
The Social Security fix no one is talking about
May 22 2024
What if the traditional wisdom on how to fix Social Security no longer holds? The trustees who oversee the program issued their annual financial forecast yesterday, predicting that the combined retire...
retirementrevised.com
Four Actually Legit Reasons to Take Social Security Early
May 18 2024
Don’t take a non-expert’s advice on when to claim Social Security benefits — they don’t know everything about your unique situation....
kiplinger.com
Fixing Social Security Is Not Hard, and Everybody Would Feel Better
May 16 2024
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a d...
crr.bc.edu
Taxes: do you have them taken out of social security disbursements?
May 15 2024
As stated in the title, what do you all do, if you are collecting social security, about taxes? Do you have a certain percentage taken out of your social security before receiving it monthly or pay qu...
reddit.com
Interest only retirement? Thoughts or advice
May 15 2024
I’m planning on working until the age of 70. I’m 54 now and I love my job. I get plenty of time off for travel, etc. My current expenses are 4k a month. I should get around 3k in SS,if I w...
reddit.com
Social Security Expands Access To SSI Benefits
May 14 2024
Social Security just expanded access to Supplemental Security Income (SSI) benefits and reduced the administrative burden for low-income households....
kiplinger.com
How to Estimate Your Social Security Benefits in Six Steps
May 14 2024
To plan smart for retirement, estimate your Social Security benefits years before you'll need the money. Here's how to do it....
kiplinger.com
?? Medicare and Social Security Are Critical to a SECURE RETIREMENT (AARP Article)
May 13 2024
FROM ARTICLE - SEE ARTICLE FOR MORE! Medicare and Social Security Are Critical to a Secure Retirement, Say Americans 50+. By Rebecca Perron, AARP Research & Teresa A. Keenan, AARP Research. Publis...
community.aarp.org
I will be forced to retire in a few days and I need advice ASAP!
May 12 2024
I have been thinking about retiring for some time. I am already collecting SS and on Medicare A and B while working full time. My job has been getting worse and worse, and I just heard from my boss th...
reddit.com
Social Security Benefits
May 11 2024
A bill was recently introduced in the House by Rep. Angie Craig (D-Minn) called "You earned it You keep it". It would eliminate federal taxes from Social Security wages. A windfall for most retired pe...
community.aarp.org
Anyone regret retiring and taking social security at 62?
May 11 2024
I (F 62) am getting ready to retire August 1st. I'm ready, and have run the numbers, and while I won't be swimming in money, I'll get by with SS and pension, and hubby's SS and pension, plus my 457 an...
reddit.com
The Election Can Affect Taxes, Social Security, And Your Retirement
May 07 2024
For retirees, tax troubles from sunsetting irrespective of whether Congress goes red, blue or stays purple; and Social Security needs Congressional attention as well...
forbes.com
Latest Social Security COLA Forecast a Setback for Retirees
May 07 2024
Social Security COLA forecast adjusted to 2.6% in 2025. That's bad news for retirees still struggling to keep up with inflation....
kiplinger.com
Social Security is still in trouble. What should advisors tell their clients?
May 07 2024
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers....
financial-planning.com
Should Your 401(k) Be Eliminated to Save Social Security Benefits?
May 07 2024
Some economists argue that tax-advantaged retirement plans are not as beneficial as they seem....
kiplinger.com
Tax implications if I collect SS at 62 and my wife continues to work?
May 06 2024
Wondering if anyone is in the same boat as I am. I turn 62 in December. Have a good job I like but my health is failing. Cardiac issues. I plan on retiring in Jan. My wife has a great job that she lov...
reddit.com
? Social Security Report Shows Trust Fund Shortfall in 2035 (AARP Article)
May 06 2024
FROM ARTICLE - SEE ARTICLE FOR MORE! Latest forecast from program’s trustees pushes back benefit reduction date by a year. By Andy Markowitz, AARP. Published May 06, 2024. The trust funds from w...
community.aarp.org
5 Social Security Misconceptions That Could Needlessly Cost You a Fortune
May 05 2024
You may not realize it … But filing for social security could be one of the most important financial decisions of your life. Because the difference between your best and worst case scenarios&he...
bossretirement.com
Social Security's customer service worsens amid 'dire' underfunding
May 05 2024
As Congress battles over shutdowns, Social Security's staff has dwindled to its smallest size in decades. For retirees, that means longer wait times and delayed benefits — but advisors can help....
financial-planning.com
More Women Urge Congress to Raise Social Security Funding
May 02 2024
Latest study by NIRS says women want Congress to increase funding for Social Security and…...
401kspecialistmag.com
Benefit for minor child
May 02 2024
Does anyone know if I am able to check on the status of my son's social security benefit payment. He lives with my ex-wife and neither of them will communicate with me. My son turned 18 in January of ...
community.aarp.org
Change in Social Security Could Mean More Money for Retirees
Apr 30 2024
A proposed bill could change how the Social Security COLA is calculated, resulting in higher benefits for retirees....
kiplinger.com
11 Ideas for Living on Social Security Alone
Apr 26 2024
Living on Social Security alone is not only possible, but many retirees already accomplish that very feat every year. While the lifestyle associated with Social Security income isn’t exactly lux...
newretirement.com
social security benefits at 62 vs 70
Apr 26 2024
If I quit working at 62 but wait until 70 to start drawing social security, will the quoted benefit at 70 be adjusted for inflation, or will it stay at the quoted amount. Social security presently quo...
reddit.com
How Medicare Relates to Social Security
Apr 25 2024
Identifying the right start dates for Social Security depending on your unique situation, when your Social Security benefit will send you your first check based on your birthday, and IRMAA cost strate...
keilfp.com
Pros and Cons of Waiting Until 70 to Claim Social Security
Apr 22 2024
Waiting until 70 to file for Social Security benefits comes with a higher check, but there could be financial consequences to consider for you and your family....
kiplinger.com
What Will Happen If The Social Security Trust Funds Run Out?
Apr 20 2024
Don’t be swayed by scary headlines. Learn about the reality of Social Security’s financial status and act to protect your retirement....
forbes.com
Lack of Broadband Impedes Native American Access to Aid
Apr 19 2024
During the pandemic, the U.S. Social Security Administration leaned into providing more services and processing applications online. But that has furthered the agency’s disconnect with Native Am...
crr.bc.edu
Most Adults Fail This 5-Question Quiz on Retirement Basics
Apr 19 2024
How much do you know about Social Security, Medicare and life expectancy?...
money.com
Time spent in waiting rooms these days
Apr 19 2024
At the moment, I’m sitting in a regional Social Security office waiting room so packed that there’s a queue outside just to get in to wait. I’m here to submit forms for reducing IRMA...
reddit.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.