Headlines
Should the Pandemic Change My Social Security Strategy?
The coronavirus pandemic and its impact upon the U.S. economy has a lot of people wondering if claiming Social Security earlier than planned would be a smart move to fulfill immediate cash needs. The question relates to whether it’s wiser…
Lost Your Job, But Have a High Medicare Premium?
Over 16 million Americans have filed for unemployment benefits over the last few weeks, and many of those are seniors, And to a senior citizen, loss of job at this age might be enough to push them into permanent retirement.…
Here Are the IRS Rules for Stimulus Payments
Over the last couple of weeks, various articles have been published about the “pandemic relief payment,” often referred to as the “stimulus payment” or “stimulus check.” Sometimes the information in one published article conflicts with information presented in another article,…
COVID-19 Payments for Social Security Beneficiaries
The coronavirus pandemic, and the Government’s response in the form of an economic stimulus to most Americans, has many wondering when they will receive their stimulus payment. Although some who filed for a refund on their 2019 income taxes have…
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…