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More on the Biden Tax Plans
We’re heading into the final phase of the 2020 presidential election cycle, and many folks are continuing to seek an understanding of the tax implications of the major platforms in contention for the big prize. The Democrat plan, as most…
Is Social Security safe from the courts?
This opinion piece by Nancy Altman of the liberal Social Security Works suggests the courts may be hostile to the Social Security program. She proposes little evidence and simply notes how the current court is more conservative than ever. Altman also…
How to Make Your Social Security Filing Decision Less Stressful
Maurie Backman has some simple advice designed to take the stress and guess work out of tthe most perplexing issue many face in their 60s– when to take Social Security. She says, “Amass a healthy level of savings in a dedicated retirement…
7 Blunt Social Security Truths You Need to Hear
Sean Williams notes that nearly 65 million people receive monthly Social Security benefits. But the program is facing long term challenges due to changing demographics and longevity. These are seven truthful statements, with each explained in the full article: 1.…
Avoid costing yourself $456 in monthly Soc Sec benefits
It’s actually a familiar refrain in most articles on Social Security. Wait! That is, wait as long as you can but at least until full retirement age to get full benefits (age 66-67). Full benefits are NOT paid at age…
5 Ways You Can Cost Yourself Social Security Benefits
Kailey Hagen notes here that you may not be the only one interested in your Social Security benefits. The government, scammers, and debt collectors are among those who would love to get their hands on as much of your benefits as they…
Will Rx Drug Costs Eat Up 20% of Your Social Security Benefits?
It’s possible. Christy Bieber’s article here reports data from the Senior Citizens League showing out-of-pocket costs seniors paid for prescription drugs came in at an average of $3,875 per year in 2019. For those receiving the average Social Security benefit of $1,519 for retired…
A Downside to Claiming Social Security at 70?
More seniors sign up for Social Security benefits at age 62 than at any other. Experts would agree that is too bad, because potentially tens or even hundreds of thousands of dollars might be left on the table — and…
Social Security to pay an extra $20 a month on average in 2021
Twenty bucks is what the average Social Security recipient currently making $1,523 per month will get added to his/her check starting January 1, 2021. Medicare Part B premium increases will likely eat up about 50% of that increase, though the…
The most important Social Security table you’ll ever see
If only folks could know they could get 120% or more of their regular Social Security benefit. But they’d have to wait until age 70 to get that. What if folks knew they were actually being penalized or punished for taking…