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McGill Reporter Disability Awareness Week: Making it virtual and accessible
McGill’s third Disability Awareness Week will be held March 24-28, and this year’s theme is ‘Making it virtual and accessible.’ The Office for Students with Disabilities (OSD) promotes awareness and implementation of Universal Design (UD) as a sustainable and socially just…
‘File-and-suspend’: A Social Security strategy under fire
Are high-income Americans gaming Social Security? The Obama administration wants to go after the wealthy for “aggressive” moves to “manipulate” their Social Security claiming decisions, according to the fiscal 2015 budget released by the White House earlier this month. The administration…
Government Workers Outearn Private Sector in Retirement
A private sector worker would have to retire with a 401(k) balance of $768,940 to match the retirement income of an average career state government employee. That is one of the key findings of a new study by Andrew Biggs, a…
Five Essential Social Security Questions to Ask Before Retirement
Delayed gratification is difficult, whether you are 2 or 62 years old. When it comes to Social Security, most people don’t delay their gratification. In fact, according to ING U.S.’s 2013 Retirement Experience study, 65 percent of retirees start taking…
Severance pay for laid-off workers is taxable, Supreme Court rules
The U.S. Supreme Court ruled in favor of the Obama administration in a dispute over taxes on severance compensation, overturning a lower court decision that could have forced the IRS to refund more than $1 billion. The court said that payments to laid-off workers are…
Sen. Warren & Rep. Keating Applaud Restoration of Social Security Services on Martha’s Vineyard
WASHINGTON, DC – United States Senator Elizabeth Warren and Congressman Bill Keating applauded the Social Security Administration’s (SSA) decision to offer Social Security services on Martha’s Vineyard via the use of video teleconferencing technology. Regular monthly visits to Martha’s Vineyard and Nantucket…
Breaking down retirement risks
The transition to retirement fundamentally changes the nature of risk. A worthwhile approach is to distinguish risks based on whether they jeopardize the asset side of the household balance sheet, or the liability side (future spending needs) of the balance sheet. Another…
Taxes From A To Z (2014): M Is For Medicare Payments
M is for Medicare Payments. If you receive Social Security benefits throughout the year, the government will report those benefits to you on a form SSA-1099. In many cases, the actual amount that you receive isn’t the same as the amount…
Social Security Disability Claims Pending At Initial Level To Increase in 2014
Social Security ended fiscal year 2013 with 698,000 people waiting for a decision on their initial applications for Social Security Disability Insurance (SSDI) benefits, indicating the importance of preparing before applying for SSDI benefits, according to Allsup. The company, based in…
Social Security has been around for 79 years.
Social Security has been around for 79 years. Nine out of ten individuals age 65 and older received benefits and last year 58 million Americans received $816 billion dollars in Social Security benefits. The Social Security Act was signed into law by President Roosevelt in 1935. This act…