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Everything You Need To Know About Stimulus Payments
In this very comprehensive C Net Personal Finance article by Clifford Colby and Jessica Dolcourt, the authors have provided detailed information about the latest batch of so-called “stimulus” payments. From explaining that some may get an additional “plus up” payment,…
SSA Commissioner Saul’s Letter to Congress
In a letter to key members of Congress, Social Security Commissioner Andrew Saul offered insight into the status of Social Security operations today. Although his FY 2021 appropriation provides more than the previous year, it is nevertheless smaller than he originally requested…
Should You Take Social Security at 62?
It’s fairly well known that taking Social Security at age 62 will result in a smaller monthly benefit, and that waiting longer will mean bigger checks. And while those bigger benefit checks can be enticing, sometimes it simply makes a…
Supplemental Security Income (“SSI”) for Disabled Children
Supplemental Security Income, or “SSI,” is a special stand-alone benefit program for disabled seniors and disabled children who have very low income and very few assets. “SSI” is administered by the Social Security Administration but should not be confused with regular…
Outlook for Social Security Under Biden Administration
Solvency of Social Security wasn’t exactly a hot topic of discussion during the recent presidential elections, but President Biden has at least hinted about how he might seek to change America’s most important retirement program. Among other things, he’s suggested new…
Two competing proposals aimed at Social Security solvency
With almost 62 million Americans currently collecting their Social Security benefits and about 10,000 boomers a day turn 65, the Social Security trust fund would be able to pay benefits on a timely basis until 2035, according to the 2020…
When and how to retire is one of the most important decisions
When you reach a certain age, the decision on when to retire is an important decision. Your decision will impact you and your family’s financial security and quality of life for the rest of your lives together. The decision should…
Expenses retirees face are climbing at a faster clip.
Although all consumers are grappling with rising prices for older Americans living on a fixed budget, having to absorb those higher costs can hit harder. After analyzing the Consumer Price Index data from the Bureau of Labor Statistics, Mary Johnson,…
How to reduce and pay off your debt and save for retirement
We all dream of a carefree retirement but most of us have too much debt. According to an analysis by Credible, it found that “among 60-somethings who owe student loan debt, the average balance is just over $33,000; plus add…
When should you sign up for Social Security?
You have a span of eight years to file for your Social Security benefits beginning at age 62 and ending at age 70; there’s no reason to delay filing past the age of 70. If you file for your benefits…