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Deciding When to Claim Social Security
This article posted at “FedWeek” (a publication for Federal employees), offers a helpful discussion about when to claim Social Security benefits, as viewed by experts at the Social Security Administration. As explained in the article, timing is everything, and exactly…
Social Security Disability Insurance (SSDI) – A Safety Net
Even the best of retirement plans can run into unexpected issues, especially if your health puts you in a position of no longer being able to work. And if you’re eligible for Social Security when that condition occurs, some might…
Redesigned Social Security Retirement Portal
In its continuing effort to take better advantage of online capabilities to provide more efficient services, Social Security has unveiled their new online portal for obtaining information about Social Security benefits, and for applying tor and managing those benefits. In this…
The Pandemic Dilemma For Those Turning 60 in 2020
As has been reported in several recent articles, the pandemic creates a special dilemma for those turning 60 in 2020, because of the way that Social Security calculates benefits. Such calculations are done using “bend points” in the year you…
Will the “Stimulus” Payment Be Taxed?
The short answer is no – the recent economic relief payment, or “stimulus check,” will not be considered as part of your income for income tax purposes, nor will it count toward your income limitations when deciding if you Social…
Choosing A Representative Payee in Advance
A “representative payee” is sometimes used for Social Security recipients who become incapable of handling their own financial affairs, or minor children who are eligible for benefits from a parent. The Representative Payee receives the beneficiary’s Social Security payment, but…
The Changing Retirement Landscape
“Baby Boomers,” that generation of American now entering the retirement phase of their lives, are poorly equipped financially to spend decades in the so-called “golden years.” Most boomers haven’t saved nearly enough, and many are still working, trying to catch…
Retire? Or Go Back to Work? A Perplexing Pandemic Question
These are definitely uncertain times. The COVID-19 pandemic has resulted in about 45 million Americans being added to the unemployment rolls as businesses shuttered while the crisis was in full swing. But as the crisis subsides and companies start to…
A Shifting Attitude: Most Millennials Don’t Expect SS to be a Major Source of Their Retirement Income
In a stark contrast to reality for today’s Social Security recipients, only a small percentage of America’s younger generations think that Social Security will be a major source of their retirement income. In fact, in a recent Transamerica survey, only…
The Importance of Understanding Candidate Positions on Social Security
In a post on www.ibtimes.com, reporter Christy Bieber stresses the importance of understanding and evaluating the positions being taken by presidential candidates Donald Trump and Joe BIden on Social Security. Although the subject of Social Security’s long-term financial picture seems to…