Latest News
SOCIAL SECURITY MATTERS: Statements are in the mail
(Source: Social Security Administration) It’s that time of year again. Preparing for tax season can seem overwhelming. Some forms and paperwork might be difficult to track down. If you misplaced your Benefits Statement or haven’t received it by the end…
Some Suggestions for Handling Tax-Deferred Savings as Retirement Nears
Tax-deferral is a great way to accumulate a retirement fund, but we all know the day will come when that money needs to be turned into an income stream. And that’s when the tax is due…it didn’t just go away.…
Some Positive Comments About Retirement Finances
With so much negativity in the media about retirement unpreparedness, it’s occasionally worthwhile to look at the positive side of the story. Bloomberg View’s Ramesh Ponnuru does just that in an article published on www.columbiatribune.com. Check it out here… Notice: The link…
Understanding the Social Security Tax Levy
Many Americans are aware of exactly what portion of their income is taxed for Social Security, but for those who aren’t here’s a quick analysis from Maurie Backman. Here artlcle was posted today on host.madison.com…read it here. Notice: The link…
More Guidance for the Self-Employed
As reported int he preceding “Latest News” article, self-employed people are responsible for the fill 12.4% tax that funds Social Security. This article by Missouri State University’s Kerri Tassin provides a technical look at the process for adhering to this…
Decision point for those turning 65 (and still working)
If this is the year you turn 65, it’s also the year you age into Medicare eligibility. That’s great, but if you intend to remain part of the workforce, there are some decisions you need to make to be sure…
Self-employed? Freelancer? Some thoughts on saving for retirement.
Individuals who do not have the benefit of payroll-related savings tools can find it difficult to build a retirement nest egg. Don’t despair, though, because there are some steps you can take to help you prepare financially for your later…
Attention Widows and Widowers: Some clarification of the rules.
Andy Landis, in a post today on www.nextavenue.org, examines the complex rules associated with benefits available to widows and widowers, provides some background on various claiming strategies. Check his article out here… Also, for those needing assistance in navigating the forest…
Something to Keep in Mind…State Taxation of Social Security Benefits
For those looking to select a retirement destination, it’s a good idea to verify whether or not the state you’re planning to reside in levies an income tax on your Social Security benefits. This article by Kiplinger.com Executive Editor Michael DeSenne…
A Look at the Rules for Spousal Benefits
Columnist Robert Powell, in a post on www.usatoday.com, takes a look at how the rules for spousal benefits play out in a specific situation involving divorced partners. Read his post here… Notice: The link provided above connects readers to the full…