Latest News
Collecting Social Security and Continuing to Work
After reaching your full retirement age (FRA), you can work and earn any amount. If you claim Social Security before your FRA, different rules apply. If you decide to take your benefits before your FRA, you are not only taking…
Beware of the “IRMMA Trap” When Making Your Retirement Plans
Discussion of the requirements for minimum distributions (RMDs) usually focuses on the tax effect. Especially since your RMDs can go up as you age. Marc Gubert has written an article with some pointers to help you avoid “The Potential Tax…
Assets Do Not Affect Your Eligibility For Social Security
Social Security was created in 1935, and the rules have changed over the years. The earnings limit now ends in the month you reach your full retirement age (FRA). Originally, if you made any money, you could not receive your…
Social Security will remain solvent as long as people contribute.
There is a lot of unnecessary fear that Social Security will go bankrupt. Social Security operates on a pay-as-you-go basis and remains funded as long as workers contribute. Social Security is experiencing a financial deficit, which may lead to reduced…
Benefits of Working Longer
We all look forward to our “retirement date.” But do you really want to retire full-time? Working longer may be the right thing to do. It not only provides additional financial support, ensuring your retirement savings last your whole life,…
Did You Receive a Warrior Dividend?
A payment of $1,776 was sent to approximately 1.45 million military members in 2025. The Internal Revenue Service (IRS) has announced that the income is not taxable. The funds used were treated as a supplement to the Basic Allowance for…
Ways to Increase Your Social Security Benefit
The cost-of-living adjustment (COLA) is not the only way to increase your Social Security benefit. In fact, a COLA increase is not even guaranteed. In 2009, 2010, and 2015, there wasn’t an increase. The good news is that if inflation…
Social Security Has Reduced the Disability Backlog
Social Security has been reducing the backlog of disability claims. The average wait time for a hearing is now the lowest it has been in the past 20 years! The average wait time has dropped to 265 days; it used…
Maximizing Your Social Security Benefits
You are now 62 and eligible to start receiving your Social Security benefits. But should you start them? If you were born in 1960 or later, your full retirement age (FRA) is 67. If you start your benefits at 62,…
The Importance of Discussing When to Start Your Social Security Benefits with Your Spouse
If you and your spouse are close in age, starting your benefits at the same time may not always be the best option for you. You both need to consider your life expectancy, health, and other retirement funds, such as…