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A Quick Year-End Synopsis of Social Security Changes for 2021
As we take breath at year-end and adjust our mindsets for the coming year, it’s always good to reflect on what’s ahead for Social Security that everyone needs to know. For example, while the 1.3% cost-of-living adjustment is well known…
Social Security numbers, not surprisingly, factor into the newest round of stimulus scams
As talk about the next round of pandemic relief checks heats up, it’s no surprise that the scammers and fraudsters are busily preparing a new round of assaults on unsuspecting Americans. And, in keeping with so many other forms of…
There are factors that can deny you Social Security
As The Motley Fool’s Kailey Hagen points out in a post on greensboro.com, the availability of Social Security benefits for retirement income is not necessarily automatic. For most people, earning the benefit is a fairly straightforward product of a work life and…
Be careful if you’re turning 66 in 2021 and filing for Social Security benefits
As you may be aware, for anyone born between 1943 and 1954 age 66 was considered their full retirement age. It didn’t matter when in the year you attained that age. But for those attaining age 66 in 2021, things are…
Social Security Benefits: The Top 10 State Averages
New Jersey heads the list of average Social Security benefits by state, $20,537 across its 1.2 million beneficiaries. Which state is next in line? Check out this realdaily.com post by Benjamin Roussey to see the remainder of the top ten. Then, if you’re…
Social Security 2020 – There was some good news!
Contrary to most expectations, Social Security’s Old-Age and Survivors Insurance (OASI) Trust Fund reserves actually increased in the fiscal year ended September 30, according to the U.S. Treasury Department’s latest report. The fund showed a slight ($7 billion) increase, but the significance is…
Reminder – 3 Basic Social Security Changes for 2021
Just a year-end reminder here…three of Social Security’s basic parameters are changing as we head into the New Year. Benefits Pro reporter Ilana Polyak takes a look at them in a post benefitspro.com. Check it out here, and if you have any…
FERS, CSRS, and Social Security for Members of Congress…What’s the Connection?
There’s always a level of conjecture about the retirement “packages” made available to retiring members of Congress. One prevalent assumption is that their rate of pay continues unaffected upon retirement, but that may or may not be true. The “Answer…
Military Personnel: Don’t forget to plan for payroll taxes deferred from 2020
Military Times reporter Karen Jowers, in a post on their website, offers a reminder to military personnel that they’ll need to make provision for repayment of the payroll taxes deferred in 2020 following President Trump’s August memorandum. After all, it was…
Preparing for Retirement? Here are Some Thoughtful Suggestions.
Considering that big step into retirement can produce some anxiety, but there are a few steps you can take as you approach this phase of life that can make things go a bit smoother. In fact, as The Motley Fool’s…