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Is Your Social Security Taxed?
Although Social Security is only supposed to replace about 40% of the typical worker’s previous earnings, countless Americans rely on Social Security to pay the bills in retirement. In thirteen states, some seniors don’t get to keep those benefits in…
More on Filing at 62 vs. 70: Measuring the Breakeven
As one approaches their early 60s, it’s a persistent question. Should I file as soon as I can, or should I wait as long as I can. Sure, it’s a personal decision, but understanding the math behind the process can help…
Examining the Difference Between Age 62 and Age 70
For those ageing into Social Security eligibility, specifically those grappling with the decision to file early or wait, it’s important to clearly understand the implications of the decision. Todd Campbell, in a post on www.pantagraph.com, takes a look at these implications and…
The SSDI Dilemma: Balancing the need to support the disabled while engaging those who could work
The “substantial gainful activity” aspect of SSDI eligibility determinant presents a bit of a quandary, notes The Washington Post’s editorial board in an article posted at www.washingtonpost.com, principally in that it appears to serve as an incentive to abandon working (or the…
Filing for Social Security…Location Doesn’t Matter
The simple answer of where to file is a one-word response: Anywhere! As pointed out in this brief article by Social Security district manager Joanne Crane, you can file online at www.socialsecurity.gov/applytoretire. Read her note here… Notice: The link provided above…
Pre-Retirees: Time to take a good look at the financial picture
Morningstar’s director of personal finance, Christine Benz, takes a look at the pre-retirement planning steps that those in their 50s and 60s need to examine before it’s too late. Ranking at the top of her list is the importance of…
An American Dream–Retirement–Stagnated
The ever-present statistics on insufficient savings for retirement are everywhere, it seems, and the outlook for so many in their retirement years is gloomy. Andy Andrews, Business editor at the Reading Eagle, takes an editorial look at the problem in a…
Trying to Curb Medicare Part B Drug Costs
On Thursday, the Medicare Payment Advisory Commission voted 15-0 to recommend that Congress enact new drug reimbursement laws through several proposals that would decrease Medicare spending. Read article here… Notice: The link provided above connects readers to the full…
A Quick Primer on Tax Scams and Your Social Security Number
They’re everywhere, and they tend to pop up more frequently around tax filing season. In an article by The Wired’s Lily Hay Newman, some background on common scams is explained, along with preventive measures you can take to minimize your…
Contrasting Social Security and Market Investments
The question of how one’s “investment” in Social Security compares to what that investment might return in other venues often comes up. Robert Powell, editor of Retirement Weekly, examines this investment trade-off question in a post on www.usatoday.com. Check it out here……