Social Security
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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
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
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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.