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A Look at the Math Behind Delaying Social Security
Most of us have heard the discussion around the long-term benefits of deferring Social Security benefits as long as possible, but certainly to attainment of one’s full retirement age (FRA). For those seeking to quantify how this move would affect…
Taking a Look at President Trump’s Social Security Thoughts
It’s been in the news quite a bit for the past several weeks and months, in fact since his early-August announcement about a temporary–maybe permanent–deferral of payroll taxes paid by workers to fund Social Security. While some news accounts have cited…
Another Reason to Seek Social Security Advice!
The Motley Fool’s Katie Brockman, in a post on kenoshanews.com’ Business page, explains the impact of a commonly-held misunderstanding about how Social Security benefits are awarded to eligible beneficiaries. As she points out, a view held by 70% of surveyed baby…
More on the Biden Tax Plans
We’re heading into the final phase of the 2020 presidential election cycle, and many folks are continuing to seek an understanding of the tax implications of the major platforms in contention for the big prize. The Democrat plan, as most…
Is Social Security safe from the courts?
This opinion piece by Nancy Altman of the liberal Social Security Works suggests the courts may be hostile to the Social Security program. She proposes little evidence and simply notes how the current court is more conservative than ever. Altman also…
How to Make Your Social Security Filing Decision Less Stressful
Maurie Backman has some simple advice designed to take the stress and guess work out of tthe most perplexing issue many face in their 60s– when to take Social Security. She says, “Amass a healthy level of savings in a dedicated retirement…
7 Blunt Social Security Truths You Need to Hear
Sean Williams notes that nearly 65 million people receive monthly Social Security benefits. But the program is facing long term challenges due to changing demographics and longevity. These are seven truthful statements, with each explained in the full article: 1.…
Avoid costing yourself $456 in monthly Soc Sec benefits
It’s actually a familiar refrain in most articles on Social Security. Wait! That is, wait as long as you can but at least until full retirement age to get full benefits (age 66-67). Full benefits are NOT paid at age…
5 Ways You Can Cost Yourself Social Security Benefits
Kailey Hagen notes here that you may not be the only one interested in your Social Security benefits. The government, scammers, and debt collectors are among those who would love to get their hands on as much of your benefits as they…
Will Rx Drug Costs Eat Up 20% of Your Social Security Benefits?
It’s possible. Christy Bieber’s article here reports data from the Senior Citizens League showing out-of-pocket costs seniors paid for prescription drugs came in at an average of $3,875 per year in 2019. For those receiving the average Social Security benefit of $1,519 for retired…