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Have you ever Wondered How Social Security Works?
There are many facets to Social Security from retirement benefits to disability benefits to survivor benefits. It’s important to understand how this information may apply to you. This article by Kristin Hitchcock for MSN offers a comprehensive look at these…
One Perspective on Social Security and Attaining Wealth
Scott Galloway, New York University and podcaster views the Social Security tax as regressive because of the tax cap on earnings. He suggests that affluent people such as himself should not receive Social Security and that the program should be…
Handling Social Security Overpayment repayments
Effective March 10, 2025 Social Security reinstated its policy of withholding 100% of payments to pay off overpayments. The new rule applies after March 27th. If you have been overpaid, Social Security will send you a letter with an explanation…
Social Security Benefits and Taxes
On this tax day let’s read about how to figure income tax on your Social Security benefits. When making financial decisions it is important to consider the amount of taxes you will need to pay on your Social Security Benefits.…
Modernizing Social Security Now will Safeguard it for Present and Future Retirees
There’s a lot of ranting about recent changes to Social Security. Some fail to realize that leaving it alone to continue on as is will be devastating to millions as the trust fund runs dry in the mid 2030’s. Working…
What Affect will Tariffs have on Next Year’s COLA?
The Cost of Living Adjustment (COLA) is a measure of third quarter inflation from one year to the next. With tariffs in play inflation could be increased or decreased. Which way will it swing? Sean Williams for The Motley Fool…
Switching Social Security payments to Direct Deposit: Paper checks have disadvantages
Susan Tompor for Detroit Free Press warns about listening to advice on Facebook regarding handling your Social Security payments. As of September 30th having some type of electronic deposit, bank account or bankcard, will be required. There are safety factors…
“Original Medicare” vs. Medicare Advantage – A national picture
In this interesting article, a study found that most seniors living in rural areas tend to rely on the federal government’s “traditional Medicare – Part A and Part B” to provide their healthcare insurance, versus opting for enrollment in private…
An Idea to Save Social Security Money
In this piece by a prominent Social Security disability executive, an opinion is offered for how to save about $400 billion of Social Security’s money. The opinion offered describes the Social Security disability program known as “SSDI” (Social Security Disability…
When is Medicare Part A free?
For most seniors, the FICA payroll tax they pay when working includes an amount for Medicare’s “Part A” – which is Medicare coverage for inpatient hospitalization services. Those payroll contributions, made for at least 10 years of working, result in…