Social Security
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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
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
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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.