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Check Your Social Security Knowledge With This Quiz
A recent study of future Social Security beneficiaries revealed that those approaching retirement are surprisingly uninformed about how Social Security, a program which will probably be a major source of their retirement income, actually works. Indeed, in the quiz conducted…
Tips For Winning Your Social Security Disability Appeal
Millions of Americans apply for Social Security Disability Insurance (SSDI) benefits every year, but nearly two-thirds of all applications are initially denied. For those who believe they’ve been unfairly denied, a multi-level appeals process is available and should be explored, but…
Most Remaining Stimulus Payments To Be Made This Week
In the most recent round of Federal Economic Recovery or “stimulus” payments, many lower-income beneficiaries were left waiting for their money, even while payments were made to millions of others. Predominantly, those waiting were receiving either Social Security Disability Insurance…
Wave of Delayed Stimulus Payments To Social Security Recipients Has Started
Many low-income beneficiaries of Social Security Disability Insurance (SSDI) benefits and Supplemental Security Income (SSI) were left wondering why they hadn’t yet received their economic relief or “stimulus” payment, as millions of other’s on Social Security got theirs. Fortunately, the…
The Public Servants Protection and Fairness Act of 2021
Richard E. Neal (D-MA), chairman of the House Committee on Ways and Means reintroduced the Public Servants Protection and Fairness Act of 2021. This act “will fix the Windfall Elimination Provision (WEP) for future retirees and provide meaningful relief to…
Americans are under-saving for their retirement
Americans are not saving enough or are under-saving for their retirement. A recent PwC’s Retirement report found “one in four Americans have no retirement savings and those who are saving aren’t saving enough.” According to Bernadette Geis, PwC’s US Asset…
IRS extends deadlines for some taxpayers
The Internal Revenue Service (IRS) announced it is extending the deadline to file Form 1040 series returns to May 17, the IRS is automatically postponing to the same date the time for individuals to make 2020 contributions to their individual…
Confused about spousal benefits?
One of the most misunderstood Social Security benefits is the spousal benefit. The spousal benefit can be as much as half of the worker’s “full retirement-age” amount” However, if the spouse begins receiving benefits before “normal (or full) retirement age,”…
Too big of a nest egg?
Could your retirement nest egg be too big? How do we define “too big”? According to Ray E. LeVitre, Investment Adviser, CFP, writes “your portfolio is “too big” when you have accomplished all of your retirement objectives and still have…
Stimulus Update: SSA Responds to Criticism Re: EIPs
Social Security Administration Commissioner Andrew Saul, in a payment posted on SSA’s blog page, responded to the assertion of delays in forwarding processing information to the IRS to enable delivery of Economic Impact Payments (EIPs) authorized in the American Recovery…