The Office of Inspector General’s latest report

The Social Security Administration Office of the Inspector General (OIG) is responsible for protecting taxpayer dollars. Their statutory mission is to prevent and detect fraud, waste, and abuse, and to strengthen the Social Security programs and operations.  They do this…

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The Claiming Age Clarity Act

The Claiming Age Clarity Act (H.R. 5284) passed the House on Monday and was sent to the Senate for consideration. The bill aims to simplify Social Security terminology to help retirees better understand their benefits and make informed claiming decisions.…

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The contribution limits are increasing

Social Security is a federal government program funded through payroll taxes that provides a basic level of retirement income. However, Social Security is only designed to replace about 40 percent of your pre-retirement income, not all of it. Over 70…

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Retirement Security for Couples 

We encourage Americans to focus on saving for their co-called “golden years.” Saving for retirement is, of course, important, but equally important is how Social Security income fits into each couple’s retirement future. After all, statistics show that, savings aside,…

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Principles for Consideration in Social Security Reform

Wednesday’s post on this site covered a call to President Trump and Congress to reactivate the public trustee positions previously part of Social Security’s board of trustees roster. The five former public trustees not only jointly advocated for this step,…

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“Ask Rusty – About Tax Filing Status and Medicare”

Dear Rusty: I’m trying to figure out if I should change my IRS filing status to “Married – Filing Jointly” prior to getting reviewed for my Medicare Part B and Part D.  My current IRS status is “Married – Filing…

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