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Beware of dubious finance advice on TikTok
TikTok is a short-form, video-sharing app that allows users to create and share 15-second videos, on any topic. Many people watch viral dances to popular songs, lean to make hot cocoa bombs or paint a wall, but they are also…
Reducing your retirement risks
For majority of retirees, Social Security benefits are the foundation to retirement income. As retirement goes on, because other retirement income sources are exhausted or lose purchasing power to inflation, Social Security provides income that is both guaranteed for life,…
What’s the benefits of gig work?
Some Seniors are choosing to supplement their retirement income with gig work. Gig workers work as short-term, temporary, or independent contactors for one or a variety of employers. According to the 2020 report from the Center for Retirement Research at…
The Effect of Changing Social Security’s Full Retirement Age (FRA)
In recent years, much discussion has ensued in political circles, as well as in “media pundit” circles, about how to fix Social Security’s looming financial crisis, an issue which has been forecasted for decades by the Trustees of America’s most important…
Can Biden Save Social Security and Medicare?
In this interesting Chicago Tribune editorial piece appearing in the Akron Beacon Journal, a case is made that, as President, Joe Biden has an opportunity to do what Presidents before him have studiously avoided – tackle head-on the looming financial crises…
About Engaging an Attorney for Social Security Disability
Becoming disabled and unable to work is obviously a stressful event in one’s life and, unfortunately, the process of applying for Social Security Disability can add to that stress. Statistically, about 2/3rds of all Social Security Disability Insurance (SSDI) applications…
The Latest $600 “Stimulus” Payment – Who Will Receive?
There seems to be some confusion about who will get the latest $600 “stimulus” check, as some have already received it and some have not. As with the first economic relief payment, there are specific rules which determine eligibility for the…
Social Security Appeal Hearings Now Have a Video Option
When the COVID-19 pandemic forced all Social Security offices to be close to public access, in-person appeal hearings were also suspended. Now, Social Security has announced a new online video appeal option to complement the existing telephone hearing option. The…
All About Benefits for Widows (and Widowers)
Tom Margenau is a retired long time Social Security Administration employee who writes regular articles titled “Social Security and You.” Tom’s articles are always highly informative, but at the same time entertaining, as proven with his most recent contribution to…
Delaying to Claim Social Security Isn’t Always Wise
Most advisors take pains to make sure you know that the longer you delay claiming benefits, the higher your monthly benefit will be. And if you consider only the dollar amount of your benefit, that is sound advice. But most…