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The Impact of Deferring Social Security Benefits
The Motley Fool’s Katie Brockman provides a review of the financial benefit–in terms of monthly payments–resulting from delaying one’s Social Security benefits until age 70, citing the “advantage” that accrues in the form of 8% delayed retirement credits each year. Her…
Social Security Modernization Well on the Way
A revitalization of Social Security’s IT infrastructure is progressing, according to Sean Brune, chief program officer, and is being designed to focus on services used by the general public. According to a post by Federal News Radio’s Amelia Brust, “IT modernization also includes…
Learning About Social Security
The Social Security Administration’s Josh Weller, speaking on a video posted by 9news.com, provides guidance to folks seeking a broader understanding of Social Security and its overall structure. His remarks are part of the commemoration of “National Social Security Month.” Read the…
Follow the Money–Reflecting on Tax Day
Daily Reckoning’s Nilus Mattive takes a look at the money trail for where your tax dollars go, citing a number of examples of waste and ridiculous spending projects that go along with the allocation of funds to legitimate uses. Read his…
See What You Can Do Online!
(Source: Social Security Administration) For over 80 years, Social Security has changed to meet the needs of our customers. Today, our easy, secure, and convenient-to-use online services allow you to do business with us from the comfort of your preferred location. From…
The Joy of Self-Employment
Yes, there are many benefits to being self-employed, and the booming “gig economy” is evidence of how popular self-employment is becoming. After all, being your own boss allows you to call the shots, work when you want to (well, most…
Approaching Social Security? Some steps to take.
As your age of eligibility for Social Security benefits draws closer, the complexities of entering this new world may seem daunting. If you take a studied approach to it, however, it can make the process quite a bit more straightforward. Social…
More Perspectives on Taxation of Retirement INcome
The common belief that your overall tax obligations will drop dramatically in retirement is rapidly evaporating, and an article posted on www.washingtonpost.com helps explain why. Written by personal finance columnist Michelle Singletary, the article examines the impact of taxes on Social Security…
Some Social Security Backgrounders
Social Security is a broad and complex area, no question about that. To help put the overall concept in perspective for you, though, there are several basic factors that, once understood, might be able to help you comprehend the system…
Thinking about retiring at 62? Here’s what that means.
It’s an attractive thought, bailing out at the first opportunity and grabbing your benefits. But while many folks focus only on the short-term benefit of cashing in those benefits, the longer term impact of higher benefits later is frequently overlooked.…