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Retirement Readiness Assessment
As the saying goes, I was watching this frisbee, and then it hit me. Let’s think about retirement as a frisbee, and let’s assume you’ve been watching it (or at least thinking about it). It’s gonna hit you someday, so…
A Few Things Aboout Social Security You May Not Be Aware of (or have overlooked)
The Motley Fool’s James Brumley, in a post pm mooresvilletribune.com, recaps a series of “occasional tweaks” to Social Security that happen regularly, but don’t draw a whole lot of attention. Things like earnings limits, full retirement age changes, etc. Take a look…
The Social Security Benefit Calculation Explained
Very few folks approaching Social Security eligibility have an understanding of how that number conveyed to them from the Social Security Administration is calculated, and as a result there are many rumors about the details. It can appear at first glance…
More on the Stimulus Checks: An Update on Payment Schedules
CNET Editorial Director Jessica Dolcourt provides an update in this post on the latest scheduling for stimulus payments to Social Security beneficiaries, SSI beneficiaries, and veterans and retired railroad workers. She notes that those who have not received payments via direct deposit by…
Replacement or Corrected Social Security Cards during the COVID-19 Pandemic
(Source: Social Security Administration) During the COVID-19 pandemic, Social Security offices are closed to the public other than by appointment for limited, critical service. However, you can continue to apply for a replacement Social Security card online and by mail. Before…
Taxation of Your Social Security Benefits…A Quick Review
Yes, it’s a fact. Yes, it’s an irritant that affects more than half of all Social Security beneficiaries. It’s been called nonsensical double taxation that curtails retirement benefits seniors have been promised. But still, the fact remains that your Social Security…
So, Where are the checks?
Reports of delays in delivery of the approved $1,400 stimulus checks have prompted inquiries from a group of House of Representatives officials directed to the IRS and SSA for explanation. In a letter dated yesterday, the group stressed “”The American…
More Q&A on the Stimulus Checks (The First and Second Editions, Anyway)
The IRS today posted answers information on five frequently asked questions about the first Economic Impact Payment, focusing specifically on Social Security, Railroad Retirement and Department of Veteran Affairs benefit recipients. Click here to check them out on the IRS.gov website……
Social Security and the Biden Plan: An Interview with Alicia Munnell
In a post on their website, ThinkAdvisor’s Jane Wollman Rusoff recaps an interview with Center for Retirement Research at Boston College director Alicia Munnell addressing the Biden Administration’s plans for fixing the U.S. Social Security System. Citing several pros and cons associated with…
Research: Running Out of Money in Retirement Not as Prevalent as Thought?
The fear of outliving one’s resources is something that keeps many from losing sleep. No question about that, but it is it really the monumental problem many fear it is? NerWallet columnist Liz Weston, herself a certified financial planner, suggests…