Latest News
A Second Stimulus Check? Maybe, Maybe not.
The “Heroes Act” is causing a stir these days, as many folks speculate on whether a second round of stimulus payments might be in the offing. But, according to Forbes contributor Zack Friedman, final resolution of the matter will likely not…
Your Retirement Age: What’s Ideal for You?
There’s an early retirement age, a full retirement age, and a deferred retirement age. Deciding which one is appropriate for you can be a mind-boggling exercise. So, what’s an “ideal” retirement age? The Motley Fool’s Katie Brockman discusses the science for…
The Elusive “Retirement Dream”
For many folks, the thought of an eventual, comfortable retirement life has kept them going during those long working years. They have even been steadfast in their financial planning, putting what funds they could aside for those “golden tears.” But…
The Coronavirus Impact on Individuals’ Social Security
As noted in a companion post today, the COVID-19 pandemic is creating a long-term impact on Social Security’s long-term financial picture. Often overlooked in this discussion, though, is the impact on future retirees as a result of time spent off…
June is World Elder Abuse Awareness Month; Social Security is a Key Vulnerability
It’s a pretty constant threat, but the scammers in recent months appear to have ramped up their efforts amid the stimulus confusion and the general havoc in the economy. So much so that the Social Security Administration today issued another…
More on “my Social Security” Accounts
We’re in a time where many of are still remaining ay home to handle business, both personal and vocational. Based on this current situation, the Social Security Administration notes that having a my Social Security account can be particularly helpful…
IRS provides relief to retirement plan participants to sign elections remotely
WASHINGTON — The Internal Revenue Service today provided temporary administrative relief to help certain retirement plan participants or beneficiaries who need to make participant elections by allowing flexibility for remote signatures. The change relates to signatures of the individual making the…
2021 COLA Projections and the Likelihood of a “Zero Year”
Based on what’s happening in the economy these days, it appears possible–maybe even likely–that the Social Security Cost-of-Living-Adjustment (COLA) may be zeroed out for 2021. Citing the collapse of prices in the fuel markets as a leading reason why the…
The Duties of a Representative Payee
Social Security Public Affairs Specialist Marilenin Vasquez, in a post on patch.com, discusses the role of a Representative Payee in helping seniors manage their Social Security benefits. Her post begins with an outline of Social Security’s process for helping to ensure…
Safe Deposit Boxes and Your Social Security Card
Kiplinger Online Editor Bob Niedt, in a post www.kiplinger.com, takes a look at what many folks tend to keep in safe deposit boxes, highlighting the pros and cons of certain items many consider appropriate items to subject to this form of security.…