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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..…
Are You Ready to Claim Social Security in 2021?
Every year, millions of Americans become eligible to claim the Social Security benefits they’ve earned from a lifetime of working. But, becoming eligible to claim (at age 62) is a far different thing than actually being ready to claim. In…
Stimulus Checks for Social Security Beneficiaries. How much?
Katie Brockman covers the topic so many Social Security recipients are wondering– will they get a second stimulus payment and if so how much? Just like The CARES Act, retirees and Social Security beneficiaries are eligible to receive a second…
2 Dividend Stocks to Supplement Your Social Security
Social Security replaces just 40% of pre-retirement income. Add to that savings accounts and CD rates of between 0 and 1%, and it’s understandable many seniors are searching for yield to augment their retirement incomes. Dave Kovaleski of The Motley Fool…
Sneaky Way Early Retirement Can Shrink Your Social Security Benefits
Most folks retire at age 62, and that’s such a shame when it comes to maximizing benefits. Maurie Backman reports on the mistaken belief of many that Social Security benefits are universal — meaning all seniors collect the same amount of money every month…