Social Security

Showing 50 results of 469

Strategies to Optimize Your Social Security Benefits

Apr 18 2024

To maximize what you can collect, it’s crucial to know when you can file, how delaying filing affects your checks and the income limit if you’re still working....

kiplinger.com

Tune In to Fox Business Network for a Half Hour with Retirement Experts Ryan & Tyson Thacker

Apr 17 2024

Considered the country’s leading experts on Social Security, find out how to maximize your benefits with Retirement Brothers Ryan and Tyson Thacker. By:Spotlight Television The Retirement Brothe...

bossretirement.com

Divorce and Social Security

Apr 17 2024

Married 40 years. Divorced 9 months. Ex (age 74) started collecting SS 9 years ago. I just reached full retirement age (66.5). Social security told me that I could not collect under his name because I...

community.aarp.org

What’s Stopping People from Applying for Disability

Apr 16 2024

When people aren’t getting a government benefit they’re eligible for, the program’s goal of improving equity is compromised. Social Security’s disability insurance is an exampl...

crr.bc.edu

Increase the Retirement Age, but Only for Those Who Can Work Longer

Apr 16 2024

Let’s see if we agree on what the retirement age is today. With the projected depletion of the Social Security trust fund assets in the 2030s, policymakers are looking for ways to bridge the gap...

crr.bc.edu

Where the Presidential Candidates Stand on Retirement

Apr 16 2024

While Biden and Trump both say they support Social Security and Medicare, their approach to each has been different....

money.usnews.com

? Social Security Customer Service Times Build as Hiring Freeze Continues (AARP Article)

Apr 12 2024

FROM THE ARTICLE - SEE ARTICLE FOR MORE! Social Security Struggles to Improve Customer Service. Hiring freeze amid congressional spending standoff sets back efforts to reduce phone wait times, speed u...

community.aarp.org

When is the Right Time to File for Social Security?

Apr 11 2024

Navigating the choices and options available when you’re deciding when you should start taking Social Security. In this episode of Retirement Revealed, I’m excited to tackle one of the mos...

keilfp.com

How Lower Interest Rates Could Affect Older Adults

Apr 09 2024

When the Fed starts cutting interest rates, retirees could see lower yields on fixed-income assets. Social Security’s finances could be impacted, too....

kiplinger.com

How to Spot a Social Security Scam (and What to Do About It)

Apr 09 2024

Here are a scam's red flags and how to report it if someone tries to scam you. The first things to do if a scammer contacts you: Remain calm and ignore them....

kiplinger.com

SOCIAL SECURITY SCREENING TOOL - collecting SS/survivor benefits overseas

Apr 09 2024

I found this tool today while research if you can collect your social security benefit or survivor benefit while living overseas. The answer is country dependent and is sometimes limited to only 6 mon...

reddit.com

This Week In Retirement Planning: Social Security, Index Funds, And Bonds

Apr 07 2024

I also share links to valuable research tools and model portfolios from the week....

forbes.com

What You Need to Know About Social Security and Taxes

Apr 06 2024

As you prepare for retirement, it’s essential to understand what your taxes will be. You may think your Social Security benefits are tax-free. After all, why would the government pay you money w...

newretirement.com

Three Ways to Delay Claiming Social Security Benefits

Apr 06 2024

With Americans living longer these days, maximizing your Social Security is more important than ever. Here are some ways to make the most of your benefits....

kiplinger.com

Social Security Error

Apr 06 2024

Hello Again, Three years ago My 86 year old Mother-in-law who lost her husband who was receiving Social Security Retirement. She called to inquire about Survivor’s Benefits as a Widow & was ...

community.aarp.org

Taking Social Security At Age 62 Made A Big Difference For This Couple

Apr 05 2024

In making their decision, they ran all the numbers, including arguably the most valuable one of all: time....

forbes.com

Delay Social Security? Not Everyone Can Do it

Apr 03 2024

Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several of our blog’s readers point out, ...

crr.bc.edu

Social Security Changes How Overpayments are Handled

Apr 02 2024

The Social Security Administration announced a change to how overpayments are handled....

kiplinger.com

Learn to Avoid This Common Social Security Trap

Apr 02 2024

Retirement is your time to enjoy the things you postponed during your working years. Many of our clients enjoy being able to travel and indulge in the things they have saved for so diligently. Sometim...

theretirementsolution.com

Social Security Representative Payee - MAKE YOUR CHOICE TODAY

Apr 02 2024

If you have set up your mySocialSecurity account you are able to name your choice of a Representative Payee (RP) then each year the SSA will send you a letter stating who they currently on file for yo...

community.aarp.org

Social Security Survey

Apr 01 2024

Hello, I have formed a questionnaire for a class project about Social Security and I am looking for any participants to fill it out. Please share this if you can, and any involvement is greatly apprec...

community.aarp.org

Early 2025 Social Security COLA Forecast Rises Again

Mar 31 2024

Personalized TDF service incorporates key recordkeeper data points...

401kspecialistmag.com

Social Security Cuts Are In The News Again, But Still Wrong Way To Go

Mar 28 2024

Social Security benefit cuts are gathering political attention again....

forbes.com

Why Bernie Sanders Is Right About America’s Retirement Crisis

Mar 27 2024

Nearly half (44%) of all American households with members aged 55-64 have no savings at all and will have to rely entirely on Social Security....

forbes.com

Why Raising Retirement Age For Social Security Means Cutting Benefits

Mar 27 2024

The suggested solution from many who make it can leave regular people thinking they’d still get the same amount. It’s a case of bait and switch....

forbes.com

The Looming Crisis for Social Security

Mar 24 2024

A comprehensive look at what's going on with Social Security....

kiplinger.com

? Social Security Changes ‘Clawback’ Overpayment Methods (AARP Article)

Mar 24 2024

HAVE YOU EVER BEEN OVERPAID? ANY COMMENTS? ? I HAVE NOT AND HOPE IT NEVER HAPPENS. I FEEL BAD FOR FOLKS WHO WERE "INNOCENT" BUT NOT THE OTHERS! ? FROM THE ARTICLE - SEE ARTICLE FOR MORE. Social Securi...

community.aarp.org

Five Strategies for Deciding When to File For Social Security

Mar 22 2024

When to file for social security? Applying at age 70 maximizes your monthly payout, but claiming early could provide advantages that can’t be quantified on a spreadsheet....

kiplinger.com

Before You Claim Social Security, What’s Your Income Plan?

Mar 22 2024

If you’ll have multiple income streams in retirement, you’ll need to coordinate everything so you don’t end up paying taxes on your Social Security benefits....

kiplinger.com

GOP Conservatives Defy Trump on Social Security. What’s Not to Like?

Mar 21 2024

The RSC stood up to Donald Trump’s position that Social Security reform can be ignored or hand-waved away....

forbes.com

Will Social Security Run Out Of Money? If So, When?

Mar 21 2024

Much of what you read about Social Security running out of money is wrong. Learn the facts about about how Social Security is funded....

forbes.com

Social Security Chief Testifies in Senate About Plans to Stop ‘Clawback Cruelty’

Mar 21 2024

Social Security plans to default to withholding 10% (not all) of the recipient's monthly benefits to recoup debt, SSA head says....

kiplinger.com

Just got my first Social Security payment at age 70. Who else is going with 70?

Mar 21 2024

We had a good retirement income from pensions and investment income, so I waited to 70 to maximize my SS payment. I realize it makes sense for some people to take it sooner, but my health and genetics...

reddit.com

When Should You Start Social Security Benefits? It Depends

Mar 20 2024

The answers to these five questions can help you determine when it’s a good time to file for Social Security. The timing is different for everyone....

kiplinger.com

Social Security Chief Vows to Fix ‘Cruel-Hearted’ Overpayment Clawbacks

Mar 20 2024

Capping Social Security clawbacks at 10% for some beneficiaries is among the changes that O'Malley plans to propose....

kiplinger.com

? 6 Steps to Improve a Social Security Disability Claim (AARP Article)

Mar 20 2024

ANY COMMENTS? ? I AM NOT ON THE DISABILITY VERSION, JUST THE RETIREMENT ONE! ? FROM THE ARTICLE - READ ARTICLE FOR MORE. 6 Steps to Strengthen Your Social Security Disability Claim. Amid record wait t...

community.aarp.org

The Social Security COLA Estimate for 2025 Just Increased Thanks to Inflation

Mar 18 2024

There's been a big spike in retirement accounts worth $1 million or more....

money.com

How Survivor Benefits are Treated

Mar 18 2024

When you’re married to someone who has worked under the Social Security taxation system, you have two different benefits that may be available to you: Survivor Benefits, and Spousal Benefits. Th...

financialducksinarow.com

A Social Security Masterclass: Everything You Need to Know About Getting More From Your Benefits

Mar 14 2024

Want to get the most out of your Social Security benefits? Did you know that 96% of Americans forfeit an average of $111,000 in social security income? And it’s all because they filed for their ...

bossretirement.com

The Surprising Way to Save Social Security (Without Raising Taxes or Cutting Benefits)

Mar 14 2024

Could the solution to saving Social Security be so glaringly obvious that it has been overlooked, or perhaps even ignored, due to political power dynamics? The concern about the insolvency of the Soci...

sites.libsyn.com

Can you get Unemployment and SS benefits at the same time?

Mar 11 2024

I'm planning to retire at the end of May. If I let my employer know now, to give them time to restructure or find a new employee, they just might choose to let me go early. I could then apply for unem...

community.aarp.org

Would you be upset if you lost $111,000 in retirement?

Mar 08 2024

Filing for Social Security sounds simple on the surface. You take a specific percentage of every paycheck and it goes into the system when you’re working. And then when you retire, you simply fi...

bossretirement.com

Shrinking Social Security’s Racial Gap – but Only a Little

Mar 08 2024

Consider the myriad reasons Black Americans get 19 percent less from Social Security during their retirement years than White retirees. Inequities in the labor market limit their job opportunities and...

crr.bc.edu

What Would Raising Social Security’s Retirement Age Mean For Retirees?

Mar 08 2024

Discover the impacts and debates surrounding raising the retirement age. Understand how increasing Social Security's retirement age can affect your retirement plan....

forbes.com

Withdrawl from Social Security Benefits

Mar 05 2024

I applied for benefits in July of 2023 but changed my mind and decided not to retire. I sent in all the paperwork to stop my benefits but I am still receiving payments. (As a side note, it has been 7 ...

community.aarp.org

Social Security Planning: Is Your Financial Advisor Asking You These Questions?

Mar 04 2024

Here is a list of questions your financial advisor should ask for you to maximize your Social Security benefits and determine your overall financial goals....

forbes.com

How to Maximize Social Security with the “Bridge Strategy”

Mar 02 2024

One of the most critical decisions we make once we decide to retire is decisions related to Social Security. Specifically, ... Read more...

physicianonfire.com

Ryan & Tyson Thacker Scheduled to Appear on Spotlight Television Hosted by Industry Legend Tom Hegna

Feb 29 2024

These Retirement Brothers are solving the retirement crisis. Coming up on Fox Business is a special episode on how to get the most out of your Social Security benefits. By:Spotlight Television NEW YOR...

bossretirement.com

How Early Retirement Will Impact Your Social Security Benefit

Feb 29 2024

Learn how your Social Security benefits could be reduced if you retire early....

money.usnews.com

Listener Q&A: Lifetime Tax Savings, Social Security Scenarios, Retirement Spending

Feb 28 2024

Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for more answers to listener questions about...

keilfp.com

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.