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Social Security is more than just a retirement benefit.
When you pay into Social Security you are not just paying into a retirement account. It also works as insurance for yourself, and your family, should you become disabled or pass away. There are benefits you can become eligible for…
Your children may be eligible for Social Security benefits also.
Your children may be eligible for benefits too. Biological children, adopted children, stepchildren (even if the other parent is alive if you provide more than 50 percent of their support), and grandchildren if both parents are deceased or disabled. Children…
Social Security Increases Transparency and Accountability
New rules for proving your identity with Social Security. Updated March 24th, 2025 “What to Know about Proving Your Identity: SSA recently announced it is strengthening identity proofing requirements for people who do not use a personal My Social Security…
Expanding retirement plan coverage
With only 50 percent of employees covered by a retirement plan, closing the retirement gap is a work in progress. Due to the different kinds of workers, access to plans and the ability to save is a challenge, especially for…
Retiring at age 80
Retiring at 80? Although it is not common practice, some individuals work longer because they enjoy it. Unfortunately, other individuals need to build their financial security. So, if you plan on retiring later in life, what are things you need…
Social Security Administration Resumes Treasury Offset Program Collections After COVID-19 Suspension
The Social Security Administration (SSA) today announced the immediate resumption of debt collection activities through the Treasury Offset Program (TOP) for debts accrued prior to March 2020. This decision comes after a suspension of collections due to the economic challenges…
SS Disability: Can the IRS Garnish your benefit?
The short answer is yes – the IRS can garnish your Social Security Disability Insurance (SSDI) benefit if you owe back taxes. But this would likely be something of a last resort to collect back taxes which are long overdue…
Retirement Planning and Social Security go hand in hand
Planning for retirement can be a sometimes daunting event, but something which is exactly the right way to secure your future. Some employers still offer a traditional “defined benefit” retirement plan, though these seem to be losing favor in American…
Social Security Fairness Act: Update
About 3.2 million people were affected by enactment of the Social Security Fairness Act in early January 2025. The media coverage of this event has many Social Security recipients wondering if their personal benefits will be affected. Here at the…
Don’t forget healthcare when planning your retirement
Of course, healthcare in the form of coverage for doctor visits and medical tests are, for most Americans, substantially covered by Medicare and/or Medicare Advantage plans from private insurers. But reality is that Medicare doesn’t cover everything, and a potentially…