Social Security
Retire, or Wait…Some Factors to Consider
Whether to retire is, for many Americans, a bit of a choice that requires some serious planning. If you have the luxury of considering whether now or later is the best scenario for you, there are some key considerations beyond…
Spousal Benefits: The Importance of Knowing the Rules
With Social Security benefits playing a key role in so many retirement financial plans–and especially for married couples–being fully aware of the many rules that govern eligibility for–and calculation of– spousal benefits is critical. From the provisions for one spouse…
Ask Rusty – Can Someone Work While Collecting Social Security Disability?
Dear Rusty: If a person is collecting Social Security disability benefits, can they, at any point, work at all? If they can, what is the maximum they can earn and still keep the disability benefit? I am asking because my…
Is a Social Security Perpetuity Tax Coming?
Ted Jenkin, CEO and co-founder of oXYGen Financial, writes for Fox Business that a Social Security tax on all of your income is a real possibility under a second Biden term. He notes Biden has called for putting the combined…
Op-ed: Moves to maximize Social Security benefits in 2024
Lea Ann Knight, co-owner and managing partner at Better Money Decisions, writes for CNBC about being strategic in taking Social Security, an important income stream for millions in retirement. Waiting until age 70 is the usual best advice to gain…
Spotlight on Social Security Tax– 200+ People Have Already Paid Theirs in 2024
Teresa Ghilarducci, a former economics professor, highlights the Social Security wage cap in this Forbes piece. Only the first $168,600 in wages in 2024 are subject to the combined employee and employer 12.4% tax, and many of the uber rich…
Social Security Earnings Test: Unliked & Misunderstood.
If there’s one rule that trips people up the most when it comes to Social Security benefits, it’s likely the Earnings Test Limit. Maurie Backman notes many people like to work part or even full time while collecting benefits. But…
An Argument for Better Investment of Social Security Funds
In a post yesterday on marningstar.com, finance writer Brent Arends takes exception to how Social Security’s trust fund reserves have been invested over the years, suggesting that deploying the balance in selected U.S. stocks could have produced a return far…
Limit the recovery of overpayments
There is a new bill in Congress, H.R. 6858, which will amend the Social Security Act to limit the recovery of overpayments to a ten-year period; currently, there is no time limit on how far back they can go to…
Optimistic about the future of Social Security
Despite all the fear-mongering on social media saying Social Security is going bankrupt and will not be able to pay Social Security benefits, over half of the respondents to a recent survey said they expect to receive Social Security benefits.…