Headlines
Don’t Blame Coronavirus for Social Security’s Woes
What with the news being dominated by the Coronavirus and the COVID-19 disease, and with various media pundits speculating on how Social Security will be hurt by the pandemic, it’s important to keep this in mind: Social Security was known to…
ATTENTION: SSI Beneficiaries with Dependents
Action Needed for People Receiving SSI with Dependents and Who Do Not File Tax Returns to Receive $500 Per Child Payment – The Social Security Administration last evening released a press release advising steps to be taken to ensure that “SSI…
Will the crisis undermine many older workers’ retirement security?
Economists are largely in the dark about what the COVID-19 pandemic will exactly mean for the economy in the coming months, but they do know it is taking a toll on people’s jobs and savings. Before the pandemic, older workers…
Trustee’s report shows Social Security is fully funded for the next 15 years
Social Security Board of Trustees annually issues a report on the financial health of the program’s two trust funds that pay benefits to retired, survivor, and disabled beneficiaries. The Social Security Board of Trustees released the 2020 report yesterday, noting…
Social Security Combined Trust Funds Projection Remains the Same Says Board of Trustees
Projections in 2020 Report Do Not Reflect the Potential Effects of the COVID-19 Pandemic The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves…
Social Security Disabled Widow(er)’s Insurance Benefits
If you are a disabled widow or widower of a deceased worker who had earned enough Social Security credits, you may qualify for Social Security Disabled Widow(er)’s Insurance Benefits. These benefits are federally funded and administered by the Social Security…
Why workers should create a my Social Security account
Unless you are over age 60, the Social Security Administration will no longer mail you a paper Social Security statement. However, there is a way to check your earnings history or taxes paid … it’s called a “my Social Security…
What are the benefits if you wait until age 70 to begin collecting Social Security
One of the most important retirement decisions you’ll make is figuring out when you should start collecting your Social Security benefits. Like most things in life, timing is everything. Delaying your benefits can make your monthly payment larger, but that’s easier…
A Tool to Track Stimulus Payment to Prevent Fraud
Ashley Moody, Florida Attorney General, issued an advisory to folks who have not already received an economic impact payment (stimulus payment) from the IRS, noting that the agency has released a new tool to help Floridians avoid stimulus-related fraud. Labeled…
What about a payroll tax holiday?
Sean Williams of The Motley Fool is highly critical of an idea that President Trump has floated about eliminating the 6.2% payroll tax on employers and employees for the remainder of the year. Congress did pass this very idea in 2010…