Headlines
Things to Know Before Retiring in 2016
Many changes have gone through this year that will be enacted in 2016 pertaining to retirement and Social Security. The biggest changes are in popular filing strategies such as file-and-suspend that drastically alter how couples should plan for their retirements.…
Becoming a “Senior Citizen”
62 is usually lauded as the first landmark in Social Security because it is the age at which you can start collecting early benefits, but there are other landmark ages that come sooner. One of the first that you will…
Recap for Social Security in the Past Year
More happened in the past year for Social Security than usually happens, Social Security does not often see as many changes as it did in 2015. This is a good first step in spurring more discussions on the best direction…
IRS’s Donor SSN Rule Under Attack from Legislators
Rep. Keith Rothfus(R-PA) and Rep. Brian Higgins (D-NY) on Thursday introduced House bill H.R. 4281, The Charitable Giving Privacy Protection Act, designed to block a move by the Internal Revenue Service to enable the collection of Social Security numbers to substantiate donor…
The Two Parties on Social Security
Social Security is quickly becoming more and more important in the political landscape as Baby Boomers start retiring and nearing retirement at greater and greater numbers daily and will continue to do so over the coming decade. With this in…
The Future of Social Security
Social Security just marked its 80th anniversary this year and has solidified itself as one of the government’s top programs. In 2015 alone, spending on Social Security topped out at $877 billion, almost 25% of the total federal budget. The…
Keeping up with all your Retirement Accounts
It is very important to stay up to date on accounts that you may have with former employers. If they ever go through a change it could drastically alter your planned path to retirement savings. Staying up to date with…
What Baby Boomers are Passing Down
Each new generation builds off the ideals and aspirations of their parents’ generation. The Baby Boomers adopted the work ethic of their parents and supplemented it with their own ideals of self fulfilment. They have since passed that down to…
The Dangers of Waiting too Long to Collect Benefits
One of the biggest draws to putting off collecting on Social Security is the promise of bigger monthly checks. While it is true that each individual check will be larger, you may not end up getting any more money in…
Fixing Social Security is a Group Effort
It is no secret that Social Security has been under fire for its solvency issues, and the government has been under pressure to supply solutions for this problem. What most miss, however, is that in order to fix Social Security,…