Social Security Myths, and Misunderstandings 

Social Security Myths are Pervasive  In our efforts to explain Social Security to those who ask questions, it is often necessary for our Social Security Advisors to provide information contrary to the questioner’s understanding of how Social Security works. Some folks who write us possess what…

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Social Security is six years from insolvency

We keep hearing that the phrase “Social Security Trust Fund insolvency” will happen soon. But most of us tune out the actual timeline of when it will happen. Social Security has six years left, according to the new report from…

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What unretired workers need to know about Social Security

Are you part of the new “unretire” trend among older workers? According to the New School’s Schwartz Center for Economic Policy Analysis, 2.9 million workers between the ages of 55 and 70 have retired due to the pandemic. Following the…

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What that earnings cap means for the Social Security trust fund

The Social Security tax rate is 6.2 percent, which is withheld from your paycheck; however, it applies only to the first $184,500 of your annual earnings for 2026.  If you are self-employed, the Social Security portion of your self-employment tax…

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The tax savings now could lead to greater costs later

In the 2025 Social Security Trustees report, the Old-Age and Survivors Insurance (OASI) Trust Fund (Social Security) will be able to pay 100 percent of total scheduled benefits until 2033; however, according to a projection from the Congressional Budget Office…

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“Ask Rusty – I’ll be 70 on New Year’s Day. When Should I Apply for Social Security?”

Dear Rusty: I was born on January 1st, 1958, so I believe Social Security considers me to be 70 as of December 2027. I’m planning on filing when I turn 70 to maximize the payment. I’m not sure if I…

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