Headlines
Paying FICA Tax While Drawing Social Security Benefits
Many folks remain in the workforce after claiming their Social Security retirement benefits, some on a part time basis, some full time. Often one of their beliefs is that continuing to be subject to the payroll tax—the FICA tax—will increase…
GOP Frontrunner Trump Maintains “Don’t Touch” Stance on Social Security
In a post yesterday on finance.yahoo.com, contributor Vance Cariaga offers an update on Republican presidential candidate Donald Trump’s position on campaign hot button Social Security. The update, in essence, is that there has been no change in Trump’s position that…
Candidate Haley Lays Out Four Specific Fixes for Social Security and Medicare
In a FoxNews Channel/YouTube video circulating today on the internet, 2024 Republican Presidential candidate Nikki Hakey chided her opponents for taking a “hands off” stance on the need for Social Security and Medicare reform. She outlined her plan to address…
Social Security’s Looming Insolvency–Know the Facts
Most folks tuned into current economic affairs are well aware of the projections that Social Security’s trust fund reserves, valued at nearly 3 trillion dollars just a few years ago, will be depleted by 2033 (or 2032, depending on the…
Is a Social Security Perpetuity Tax Coming?
Ted Jenkin, CEO and co-founder of oXYGen Financial, writes for Fox Business that a Social Security tax on all of your income is a real possibility under a second Biden term. He notes Biden has called for putting the combined…
Op-ed: Moves to maximize Social Security benefits in 2024
Lea Ann Knight, co-owner and managing partner at Better Money Decisions, writes for CNBC about being strategic in taking Social Security, an important income stream for millions in retirement. Waiting until age 70 is the usual best advice to gain…
Spotlight on Social Security Tax– 200+ People Have Already Paid Theirs in 2024
Teresa Ghilarducci, a former economics professor, highlights the Social Security wage cap in this Forbes piece. Only the first $168,600 in wages in 2024 are subject to the combined employee and employer 12.4% tax, and many of the uber rich…
Social Security Earnings Test: Unliked & Misunderstood.
If there’s one rule that trips people up the most when it comes to Social Security benefits, it’s likely the Earnings Test Limit. Maurie Backman notes many people like to work part or even full time while collecting benefits. But…
Happy New Year from Social Security Report!
From all of us at Social Security Report, we wish you and yours a happy, safe, and blessed new year in 2024. We resume our posting tomorrow and hope our readers continue to share and promote this site as their…
Social Security’s Rumored Demise
“Social Security benefits will end in about a decade.” This is an ongoing, frequently reported rumor that indicates misunderstanding about how Social Security is financed. The reality is that Social Security’s trust fund reserves have, since 2021, been used to…