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The Hazard of Relying Too Much on Social Security in Retirement
More than a third of the “baby boom” generation indicates that Social Security benefits will be their main source of income in their retirement years, according to The 20th annual Transamerica Retirement Survey of Workers. MSN Money Talks reporter Chris Kissell explains…
Update on the Payroll Tax Deferral
In a post on www.foxbusiness.com, reporter Brittany De Lea notes that guidance for employers to implement President Trump’s recommended deferral of Payroll Taxes scheduled to begin September 1 has not been released at this point, making it unlikely that the deferral will…
The Most Important Things to Know When Getting Set to Apply for Social Security
Social Security is complex…that’s an understatement. It’s virtually impossible for most folks to have a complete understanding on the thousands of rules and regulations associated with the program. But if you’re at the point where you’re considering filing, there are…
Phased Retirement–Thinking Through this Alternative
A post on cincinnati.com by columnists Nathan Bachrach and Amy Wagner takes a look at some of the aspects associated with the concept of a “phased” entry into retired life. Beginning with a gradual withdrawal from a full-time workload, and structuring your…
Applying for Social Security? Don’t Let the Pandemic Deter you.
Even though the Social Security Administration (SSA) offices are physically closed to walk-in traffic during the COVID-19 pandemic, you can still apply for benefits. In a USAtoday post by The Motley Fool’s Barbara Eisner Bayer, a five-step process is outlined that can…
Confusion on the Payroll Tax Issue Continues
In a post on ocregister.com, Bloomberg reporters Laura Davison and Allyson Versprille take a look at the continuing discussions regarding President Trump’s two-week-old executive order on deferral of payroll taxes, noting that the absence of definitive guidance from the Internal Revenue Service (IRS) on…
The IRS takes new steps to ensure people with children receive $500 Economic Impact Payments
(Source: Social Security Administration_ The IRS has extended its deadline to September 30, 2020 to provide information to the IRS using its IRS’ Non-Filer Tool if you: Continue reading → Notice: The link provided above connects readers to the full content…
Yet Another Scam Warning!
WATE.com’s Don Dare, reporting in a post on their website, outlines the context of a scam alert issued by the Social Security Administration, noting that another wave of false activity in which “fraudulent calls are being made by scammers posing as…
Social Security Benefits: Are Your Ready to File?
It’s a really big decision…one of the most important decisions you’ll make regarding your retirement life. In fact, at the AMAC Foundation’s Social Security Advisory Service, the question of when to file for benefits is the most frequent query we…
Mixed Reactions on Payroll Tax Deferral
The CARES Act provision to allow companies to defer paying employer payroll taxes until as late as the end of 2022 without incurring interest charges is garnering little interest among small businesses, according to an article posted on inquirer.com by Philadelphia…