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Advice About Identifying Social Security Scams
It seems there is no end to the number of ways scammers can try to get at your money, and your Social Security benefit has apparently become a primary target. Key to avoiding being scammed by one of these criminals is…
Key Things to Know Before Claiming Social Security
If you’re approaching that time of life when claiming Social Security is on your radar screen, there are a few key things you should know of, and evaluate before making the decision to apply. Social Security is, admittedly, a very…
Can Stimulus Payments Make My Social Security Taxable?
Many, if not most, Americans received economic relief, or “stimulus” payments during 2020, a result of Government actions to ease the financial impact of the COVID-19 pandemic. Now, as we enter into the annual Income Tax preparation period, many are wondering whether…
How Far Will Your Retirement Savings Go?
How much of a retirement nest egg you will need is a number that varies greatly, depending upon the financial advisor you speak with. Many will say you should have at least a million dollars saved, while others will be…
How to get your Tax Document for Social Security Benefits Received
With income tax season fast approaching, you may find yourself in need of tax documentation for your Social Security benefits. These documents, – either IRS form 1099 (for US citizens & legal residents) or form 1042 (for non-citizen beneficiaries living…
Another Warning About Social Security Scams
We’ve warned about Social Security scams often on this website, and the problem only seems to be worsening. Social Security’s Inspector General has once again issued a warning to Americans that Social Security scams have increased, so you must be…
Social Security’s Full Retirement Age, and how it affects your benefits
Your full retirement age, or “FRA” as most SS experts refer to it, is a key factor in determining how much your benefit will be. And how old you are in relationship to your FRA when you claim benefits is…
Five Important Social Security Figures to Know
Few would argue that Social Security isn’t a complex program. After all, with about 64 million current beneficiaries and millions more becoming eligible for benefits each year, the program’s rules need to cover just about any situation imaginable. There are,…
Three Key 2021 Changes for Social Security
Various Social Security factors are adjusted automatically each year, based upon changes to any of several national indices maintained by the Federal Government. But as relates to Social Security, several changes stand out as key, and especially important for current beneficiaries as…
Social Security Changes for 2021
Change is, perhaps, the only thing truly constant, and Social Security has changed for 2021. As happens each year, Social Security adjusts various benefit calculation factors based upon inflation and changes to certain indices such as the National Average Wage Index..…