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Unretiring? Make sure you understand the Implications for Social Security & Medicare
The chaotic years of the COVID pandemic led to many folks leaving the workforce earlier than planned. Now that the landscape has leveled, many are rethinking that decision and looking toward rejoining the workforce. As indicated in a ThinkAdvisor post…
SSA Under Pressure to Expedite HR 82 Implementation
In a display of bipartisan interest, a coalition of 28 Senator this week issued a letter to Social Security Acting Commissioner Michelle King expressing concern that “… it might take the agency more than a year to implement an expansion…
Social Security Seems to be Playing a Greater Role in Finances of the Newly-Retired
A recent survey by the Employee Benefit Research Institute (EBRI) revealed that younger retirees–those who entered retirement at ages 62 and 63–depend on Social Security for about two-thirds of their income, compared to about half for retirees now in their…
The Importance of Verifying the Data SSA Has in Your Record
The Social Security Administration (SSA) maintains records of our work history, along with the earnings history and a record of the taxes you’ve paid for both retirement benefits and Medicare coverage. Using this information, SSA develops benefit data for you…
Suggestions for Reducing Social Security Spending
American Enterprise Institute senior fellow Mark J. Warshawsky, also a former Social Security Administration senior official, yesterday offered opinions on how and where President Trump and the Department of Government Efficiency (DOGE) should focus cost-saving efforts. His post, appearing on the…
5 Things Nobody Told You About Medicare
When you become eligible for Medicare, there’s a lot to learn in a short amount of time. Moreover, there’s many things that no one tells you, like when you can apply for Medicare or how much it costs. But don’t…
Another Argument for Opting Out of Social Security
The issue of breaking away from Social Security in its present form is not new. It’s been discussed repeatedly through the years and is now resurfacing as the projected full depletion of the program’s financial reserves approaches. The arguments for…
LBJ and Social Security…Again.
It’s one of those myths (or misunderstandings) that won’t go away. We’ve seen it pop up repeatedly in the past, and it seems embedded in the rumor mill that fuels so many aspects of social media. Lyndon B. Johnson, our…
Social Security warns about scams, provides scam awareness information
Source: Social Security Administration Social Security imposter scams continue to be widespread across the United States. Scammers use tactics to deceive you into providing sensitive information or money. If you receive a suspicious letter, text, email, or call, do not…
Taxation of Social Security Benefits–A Reminder of How the Process Works
The deadline for filing 2024 income tax returns is still more than two months away, but for those receiving Social Security benefits, now’s a good time for a refresher on how the taxation of those benefits is applied. A post…