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Side Hustles To Supplement Your Social Security
John Csiszar of Yahoo Finance notes there are ways to supplement Social Security benefits, which only replaces about 40% of pre-retirement income. He also notes ‘side hustles’ in retirement can be a way to keep your mental focus sharp and to…
Your First Social Security Check of 2022 Will Look Different
Christy Bieber takes readers through the 5.9% cost of living adjustment (COLA) that will be applied to all beneficiaries’ direct deposits in January. She compares that with recent COLAs, all of which were quite miserly in comparison. Bieber also explains…
Learn as much as you can before claiming Social Security
Liz Weston of MarketWatch urges people not to let Social Security representatives alone to talk them into any decisions as important and life altering as starting Social Security benefits. Social Security employees aren’t supposed to give advice, just education. But…
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…