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Your Social Security Benefits May or May Not Be Taxable
Usually, when someone’s only income is Social Security benefits, those benefits are not taxable. If you have other income, a portion of it may become taxable, increasing your risk of tax liability. Thresholds for individuals and couples differ. If an…
The debate over why Social Security has not been privatized remains ongoing.
There are ongoing conversations about privatizing Social Security. Some argue that individuals could have more retirement savings with privatization. However, the primary concern is the increased risk compared to the current system. The current system invests Social Security benefits almost…
The Importance of Checking Your Social Security Statement Regularly
Review your Social Security statement without delay to ensure your earnings are reported correctly each year. Any missed or understated earnings will reduce your Social Security payments. Your Social Security benefit depends on your top 35 years of earnings. If…
Having Enough Finances to Retire Isn’t The Only Thing You Need to Prepare For
You have spent years saving responsibly, preparing for retirement. Now, as you exit the working world, you are eager to relax, travel, and enjoy days without alarm clocks. At first, retirement feels like an extended vacation. Working creates structure, routine,…
Can I receive Social Security and continue working?
When Social Security was originally created in 1935, you could not work and collect Social Security benefits at the same time, even if your earnings were less than the amount of your benefit. It has changed many times over the…
The Right Timing for Claiming Your Social Security Will Impact Your Retirement Finances
Determining when to start your Social Security benefits is crucial, especially if they will finance a large part of your retirement. If you were born in 1960 or later, your full retirement age (FRA) is 67. At that age, you…
It’s Never Too Early to Start Planning Financially for Your Retirement
Do not wait until later in life to think about retirement. While you may feel young and carefree now, you must plan ahead to ensure you can afford the retirement of your dreams when the time comes. Many still target…
AI’s Social Security Advice is Not Always Correct
AI is often cited as the reason so many people are losing their jobs. But when it comes to Social Security advice, the answers you receive may not be correct. For example, check out this earlier post describing an unfortunate…
You’re finally 62, but is it time to start your Social Security benefits?
After years of working, reaching the age of 62 means you can access Social Security benefits. But is it optimal for you now? Do you still plan on working? If so, earnings are limited until your full retirement age (FRA).…
When does my Social Security payment come in May?
More than 75 million Americans currently collect Social Security benefits. Matt Durr’s article outlines the May 2026 payment schedule. Supplemental Security Income (SSI) recipients always receive payments on the first of the month, unless the first falls on a weekend…