Headlines
The debate about Social Security’s age thresholds
With the now well publicized financial difficulties predicted in Social Security’s future, the debate is ongoing about how to fix the program to ensure solvency well into the future. Usually somewhere in that debate, the subject of changing Social Security’s…
Social Security and Medicare advice for couples
While many people tend to think of their individual situation when it comes to Medicare and Social Security, the fact is that couples should pay a lot of attention to coordinating their benefits when it comes to both programs. Not doing…
SSDI – The ultimate safety net for workers
Statistically, one in four workers now 20 years old will become disabled at some point in their working career. And with the American workforce evolving to a so-called “gig economy” (contractors & part time workers vs. traditional employees with benefits), knowing that about…
Scammers now targeting Social Security beneficiaries
In a devious twist to an old scam, criminals are now targeting Social Security recipients in their efforts to relieve you of some of your money. Not long ago, scammers claiming to be from the IRS used their tricks and…
Social Security Spousal Benefits: How they are computed
The spousal benefit and how it is computed is clearly one of the most confusing and misunderstood aspects of the Social Security program. Many people think that a spouse simply gets 50% of the other spouse’s benefit amount, but it’s much…
Crucial tax deadline is approaching fast, are you ready?
An important deadline is approaching fast: December 31 is the last day to take your required minimum distributions (RMDs) from your traditional 401(k) or IRA. If you are age 70 ½, this is the amount you must withdraw annually from…
Waiting isn’t always going to be the best option
Based on an analysis from the Center for Budget and Policy Priorities, out of the more than 62 million current recipients, Social Security is responsible for keeping an estimated 22.1 million individuals above the federal provider line every month. Because…
How to use and interpret online retirement calculator
Yes, it’s impossible to predict the future on how much money you’ll need down to the dollar in your retirement, but you can make an educated guess by using a retirement calculator. In Kailey Fralick’s article for the Motley Fool, she…
Social Security is going to change
According to a survey by Nationwide, Social Security is the primary source of income for 49 percent of adults who have been retired for more than 10 years and 43 percent of recent retirees. The same study found that only…
How to avoid losing your Social Security benefits to the tax man
Your entire working life you paid into Social Security with the understanding that when you reach retirement age you can collect those benefits, but what you might not realize is that some of that money will likely go back to…