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Social Security is in trouble but not all hope is lost
To say that Social Security is the foundation for many elderly retirees is an understatement. About 40 Percent of Older Americans Rely Solely on Social Security for Retirement Income. Unfortunately, this foundation is in trouble and facing depletion of the…
Score an Even Bigger Social Security Check
Articles and books abound on how to increase your Social Security. Some scrupulous types even charge for “secret advice.” But there is really no secret to maximizing your benefits. Maurie Backman lays it out in this piece. Do these four things:…
Don’t Let These 4 Social Security Surprises Ruin Your Retirement
Christy Bieber reminds readers that you could find yourself with a significant financial shortfall in retirement by overestimating what Social Security will pay you. She notes it’s best to understand the truth about and have the facts on the program…
Eligibility for spouse’s Social Security benefits
Kylle’ D. McKinney is an Alabama Social Security Public Affairs Specialist. His piece here reminds folks that if you don’t have enough Social Security credits to qualify for benefits on your own record, you may be able to receive benefits on your…
Boost Your Social Security Knowledge
Maurie Backman cites a recent Nationwide survey of close to 2,000 adults aged 25 and over, that found only 18% said they’re very confident in their Social Security knowledge. While the majority of respondents did express some level of confidence, Backman argues aiming for…
Social Security Benefits Likely to Increase, Even Without Biden Action
While President Biden did mention a number of changes he wanted to make to Social Security in the campaign, recipients need not wait for any of them to get a monthly benefit increase starting January 1, 2022. That’s because cost…
Social Security: Understanding the Basics
This informative article by Andrew Lisa on Yahoo Finance takes readers through the pre-Social Security days, where having as many children as possible was the only hedge against poverty in old age. Lisa explains the rationale behind enactment of The Social…
‘Auto IRAs’ are gaining steam in the states
Social Security will replace just 40 percent of pre-retirement income. Thus Congress and legislators in the 50 states have been busy in the past decade or more trying to find ways to goad people to save more. Enter the automatic IRA. …
Be Wary of Claiming Social Security at 70
Though financial experts almost unanimously agree waiting until age 70 to start Social Security benefits is a great strategy, Christy Bieber suggests it just may not work well for all. Indeed, one garners the highest possible monthly benefit for life by…
Why Set Up a Social Security Account?
Maurie Backman explains why it’s a good idea to sign up for a Social Security account, even if you’re still planning to spend a good many years in the workforce. It’s especially important to have an official Social Security account as…