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Are You on Track for the Max Social Security Benefit?
The maximum Social Security benefit in 2022 will be $4,194 per month. But who can get that? Maurie Backman explains in this piece. The key is delaying benefits as long as possible, to age 70. Also, very high earnings are…
Key numbers for Americans to remember in 2022
Paul Brandus of MarketWatch lists a plethora of important figures related to Social Security, Medicare, health care, retirement savings, and more in this piece. Inflation is the big story, of course, and it hurts those who have little if any…
The Best Reason to Take Social Security Long Before 70
Kailey Hagen bucks conventional wisdom and most experts who say wait as long as possible to take Social Security benefits to get as high a monthly payment for life as one can. Hagen notes that for some people, delaying Social…
Social Security COLAs, high inflation, and Medicare premiums
Lorie Konish of CNBC explains how the 5.9% cost of living adjustment (COLA) will impact people. She notes the latest figures on inflation show it at 6.8% year over year. Medicare premiums are on the rise, though all but higher…
The U.S. economy needs people to work longer
This op-ed by Richard Jackson of MarketWatch notes the decline in elderly labor-force participation, mainly due to older workers dropping out of the workforce due to Covid, is slowing the current economic recovery. Jackson notes many women left the labor…
This Social Security Rule Stays the Same — and It Could Cost You
A plethora of numbers will change related to Social Security in 2022, as they do every January, most related to indexing figures for inflation. Benefits go up. The amount of taxable income for Social Security purposes rises. The amount one…
Biden Aims to Slash ‘Time Tax’ for Social Security
What’s a “time tax?” In short, it takes a long time to fill out government forms or access federal benefits. Biden’s executive order is a push to make government services more accessible to people. Some of the biggest impacts of the…
3 Great Reasons to Take Social Security Benefits at 62
Seniors can begin collecting Social Security benefits as early as age 62, and most do that. It comes with a permanently reduced amount, however. Thus, most experts advise waiting. But Maurie Backman lists three reasons why age 62 might make…
Can You Work and Claim Social Security?
Christy Bieber answers a common question seniors have– “Can I work and receive Social Security benefits?” The answer is yes, but whether or not you will have a deduction for “making too much” depends on your retirement age. There is…
7 Reasons You Might Not Receive Social Security Benefits
Everyone pays into and receives Social Security benefits, right? Not quite. Most yes, but not all. Andrew Lisa of Yahoo Finance lists seven reasons why one ight not receive Social Security benefits. They are: 1.) You Failed the Social Security…