Benefit calculation
What working one more year could do
Your Social Security benefit is based on your highest 35 years of earnings, adjusted for wage growth, and calculated using a formula that produces your Primary Insurance Amount (PIA), which is then adjusted for your claiming age. Even if you…
Working after claiming benefits…A look at this workforce demographic
How many of those who claim Social Security benefits remain in–or rejoin–the workforce? Many years ago, when Social Security was healthy, when the full retirement age was 65, and when the cost of living was more manageable, most folks pulled…
Candidate Trump Offers a Glimpse of Potential Tax Strategy
In his June 9 Las Vegas rally, presumptive Republican presidential nominee Donald Trump announced his intent, if elected, to exempt tip income from “federal taxation.” Left undefined, though, is whether he’s referring to federal income tax or FICA tax (the…