Latest News
Senator Calls for SSA to Re-Open
Sen. Josh Hawley (R-MO) today called for federal government offices to reopen in-person offices for services, citing complaints he’s received about constituents’ inability to make use of important government services, including Social Security. While some offices have begun phased re-openings, Hawley…
Myth-Busting Time: Three Persistent Illusions
Anyone looking ahead at their retirement financing needs to do some careful planning, and this should include taking a serious look at some of the long-standing folklore that can cause problems down the road. For example, there’s the false assumption that Social…
Unemployment Benefits and SSDI
While collecting unemployment benefits, it is also possible to collect Social Security Disability Insurance (SSDI) payments since the ‘Social Security offset” has been repealed. The details on this, as well as information on provisions for collecting unemployment along with Supplemental Security…
For Those Retiring Early: Barriers You’ll Need to Consider
If you’ve made the decision to exit the workforce early (like, for example, before your full retirement age), there are few key “barriers” you need to factor into your financial planning). They involve implications associated with IRA/401k withdrawals, Social Security…
Taxation of Social Security Benefits–An Explanation of the Guidelines
The Money Tips page of The Denison (IA) Bulletin Review recently posted an explanation of the manner in which Social Security benefits can become taxable at the federal level, along with a discussion of how to estimate the impending tax bite.…
Social Security: The Rules on Receipt of Your Benefits
Cash flow is an important–critical, in many cases–part of seniors’ financial management world. As a result, it is important to understand the scheduling of when benefit payments will be delivered from the Social Security Administration to them. Key timing elements,…
Income Taxes: The Often Overlooked Retirement Planning Piece
The Motley Fool’s Christy Bieber, in a post today on statesville.com’s Business page, covers the results of a recent Nationwide Financial survey and the conclusion that 41% of current retirees lament their overlooking the size of the bite that taxes can take out of…
Social Security Administration Seeking Guidance on Priorities
In compliance with the “Foundations for Evidence-Based Policymaking Act of 2018 (Evidence Act),” the Social Security Administration (SSA) has issued Docket No. SSA-2021-0008, its Request for Information (RFI) on the Foundations for Evidence-Based Policymaking Act of 2018 Learning Agenda. The RFI seeks…
Determining the Right Filing Age: Marriage Introduces Serious Considerations
For married couples, the thought processes associated with filing for Social Security benefits can become more complex, specifically with the need to consider the implications for spousal benefits and survivor benefits. The Motley Fool’s Maurie Backman addresses this matter in a…
Attention Ex-Spouses: Here Are the Rules for Obtaining Benefits on an Ex-Spouses’ Record
It comes as a surprise to many who have experienced a divorce situation, but ex-spouses can obtain Social Security benefits based on the record of a former spouse. This can be critical, especially if the former spouse was the higher…