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‘Tis the season…Here’s Another Scam
“We regret to inform you your social security number is going to be suspended due to suspicious and fraudulent activity.” That’s the content of a robocall making the rounds, as explained in a post by WFMY’s Tanya Rivera. For more…
Another View of Americans’ Retirement Savings Patterns
Contrary to the persistent reports that Americans are not putting enough aside for their retirement years, the results of a recent YouGov survey indicate that the trend may be shifting. In a post by marketingcharts.com’s editorial staff, the percentage of folks…
Understanding the Riddle that is the Social Security COLA/Medicare Part B Relationship
Yes, Social Security recipient will receive a 2% increase in their monthly benefit, but no, most of these recipients will not have more money available to meet their routine household expenses. Morningstar columnist Mark Miller explains how this is so in…
A Primer on IRAs and their Rulebook
The Motley Fool’s Maurie Backman, in a post on Madison.com, provides a recap of some of the details and rules associated with Individual Retirement Arrangements (IRAs). If you’re thinking about IRAs as partof your retieement planning, it’s a quick read that…
Medical Expense Deduction Safe…or Now.
The Senate’s version of the tax reform effort preserves–in fact improves–the income tax deduction for medical expenses, rolling the 10% threshold to its previous level of 7.5%. Read an analysis of the issue, and what happens next, by Time.com’s Elizabeth O’Brien…
ICYMI: The 2018 Wage Base Limit for Social Security Tax
If you’re in the midst of developing your budget for the coming year, and if you fall into the category of “high wage earners,” here’s a reminder of the 2018 maximum amount subject to Social Security tax. This cap–$128400–represents an…
Attention, Small Business Owners…Hints on Retirement Savings Strategies
Although her article is focused on women small business owners, Forbes contributor Kerry Hannon provides some insight into what any small business owners can do to help their employees get set for their retirement years, Her article includes a replay…
Dispelling the “Social Security Bankruptcy” Rumor
Financial executive Ken Fisher, in a post on wbir.com, examines the persistent rumors of Social Security’s impending collapse, and provides insights into what various groups of future retirees can anticipate. Read his post here… Notice: The link provided above connects…
The “Ready” Part of “Ready, Set, Go”
If you’re in your 50s and thinking long term, retirement might be one of those endpoints your’re looking at. Financially preparing for this endpoint is also most likely in your thoughts, so the folks at The Motley Fool are providing…
Understanding This Thing Called a “Chained CPI”
Although this Bloomberg article is two weeks old, the editors at SocialSecurityReport.org felt that the attention focused on Taxation and benefit reform these days warrants renewed attention to this subject. Bloomberg’s Sho Chandra takes an analytical look at the concept,…