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How to Pause Social Security to Perhaps Get a Larger Amount Later
Katie Teague’s cnet.com article explains that yes, you can stop your Social Security benefits and start receiving a bigger amount later, but it’ll cost you. In short, 1.) you only have 12 months from when you became entitled to Social…
3 Social Security Tips for a Fatter Check
Selena Maranjian states the average Social Security retirement benefit is now $1,671 per month. That’s about $20,000 per year, and clearly not enough to provide a decent standard of living. Thus one must be cognizant of not just other savings…
Some Changes in Store for Social Security Come January
While no changes in law have occurred or will likely take place in 2022, some changes to Social Security occur automatically each January 1st. Trevor Jennewine explains the upcoming cost of living adjustment (COLA), likely to be the largest in…
New bill to eliminate tax on Social Security more of a shell game
“You Earned it, you Keep it.” That sounds like a bill everyone could get behind. Or is it? Tracey Porpora explains this bill introduced by Rep. Angie Craig (D-MN). Eliminating income tax on benefits does create less income for the…
Why a Big 2023 Social Security Raise May Not Be Enough
Katie Brockman explains that the Social Security Administration will make a major announcement in mid October– the amount of the annual cost-of-living adjustment (COLA). The COLA is an annual bump in benefits designed to help Social Security keep up with…
Social Security Surprises – Here are 15 to Know
Christy Bieber’s article is a slide show with a good explanation of each point. Perhaps the most important points are the first and last ones– the program will only replace about 40% of pre-retirement income, and you can’t live on…
Investing for Retirement: Stock Market or Real Estate?
Of course, we’d all like to retire with an overflowing nest egg so we can relax in relative comfort in our golden years. There are, of course, many approaches to maximizing your retirement savings, but it often comes down to…
Social Security Disability Questions Answered
Social Security Disability Insurance (SSDI) benefits are best viewed as a safety net for American workers. Statistically, about one of every eight workers will, at some point in their life, become at least temporarily unable to work, and SSDI is…
Are You Ready to Take Social Security?
Sounds like a simple question, but it is actually quite serious. Deciding if you’re ready to claim your Social Security benefits should be much more than just a feeling. Rather you should seriously evaluate whether your personal circumstances are such…
Will Social Security be a Factor in the Mid-Term Elections?
Pseudo accusations aside, Social Security is facing a financial issue which, in a little more than a decade, could result in across-the-board benefit cuts for all beneficiaries. Social Security now pays out more in benefits than it receives in revenue,…