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Applying for Social Security Online
Social Security Administration claims specialist J. Parrish, in a post on galesburg.com, provides a quick review of the online application process for Social Security benefits, beginning with the creation of a my Social Security account. Her article also includes a list of…
Concerned About Outliving Your Resources?
The Steet’s Robert Powell takes a look at one of the most prevalent concerns on the minds of retirees–running out of money in one’s “golden years.” Citing commentary from a recent Society of Actuaries’ Aging & Retirement Strategic Research Program study,…
Social Security and Other Potential Stimulus Bills
The Motley Fool’s Christy Bieber, in a post on their website, provides insight into several potential stimulus bill proposals and assesses what they would mean to Social Security beneficiaries (or not mean, as the case may be). Her analysis addresses Kevin…
Coronavirus Relief and Social Security?
The future of Social Security may become a factor in the next pandemic relief measure, if in fact there is one. Specifically, rumors have begun to surface suggesting that the “Time to Rescue United States Trusts Act (TRUST Act)” may…
Taxability of Social Security Benefits – How it Works
The fact that your benefits can be subject to federal income tax can come as a not-do-welcome surprise when you retire. So, it’s important that you understand the mechanics of this provision and factor it into your financial plans. In a…
COVID-19 Ramping Up Again–What it Could Mean for Those Nearing Retirement
Whether it’s the potential of yet another wallop to the employment picture, or whether the resurgence might ignite another stock market slump, it’s clear that the impact of the pandemic’s second wave has many folks jittery. Especially those on the…
Next Year’s COLA? Who knows, but one can speculate.
It’s that time of the year, and the numbers that will determine the COLA calculation for next year are now being accumulated. For those pundits looking ahead to what the CPI-W comparison will yield in October, the speculation is a…
A Practical Look at How Social Security Fits in Your Retirement
Of course, Social Security will be a significant part of your retirement financial picture. For some, it will be the most significant part, while for others it may serve to support other financial resources that have been accumulated along the…
The Timing of DRCs Explained
In a post on www.forbes.com, Social Security commentator Laurence Kotlikoff explains the calculation of Delayed Retirement Credits (DRCs) and the timing of their appearance in monthly benefit payments. Kotlikoff’s post also covers two other points on Social Security: online filing and spousal benefits,…
A Need to Know List for Claiming Social Security During This Pandemic
Maurie Backman explains the predicaments many seniors may find themselves if they were or are now close to or at retirement. She reminds readers that signing up early will reduce your benefits for life and thus should be avoided if possible. But…