Social Security
Gray Divorce: Some things to think about.
With the rate of divorce among folks 65 and over tripling since the 1990s, the phenomenon of “:gray divorce” has worked its way into everyday life. The divorce itself is one thing, and can it can be amiable or not,…
Taxation of Social Security Benefits
It’s a shock to some, but your Social Security benefits might well be subject to federal income tax. In fact, the better you’ve planned financially for your retirement. the more likely your benefits will be taxed. Time.com’s Martha C. White explains…
Social Security Myths and Misunderstandings
It’s been said that as you age in to Social Security eligibility, you automatically have two experts to guide you: your neighbor on the left, and your neighbor on the right. If you don’t have any neighbors, you’re probably better…
The Nagging Question…When Must You Supply Your Social Security Number?
We’re in a time where database breaches resulting in the release of personal data–most notably Social Security numbers–has become fairly commonplace. And there’s no question about the vulnerability that arises from those breaches…whether it’s a situation as broad as the…
Understanding the “Social Security Administration Representative Payee Program”
A representative payee is someone who is chosen by the Social Security Administration (SSA) to help individuals budget and spend the Social Security money. So, if you are receiving monthly Social Security benefits called SSI or SSDI, and the SSA…
Boomers Confident About Retirement Lifestyle, but is it Wishful Thinking?
Citing an NHP Foundation quote pointing to a “disconnect between Baby Boomers’ current financial status and where they perceive themselves in retirement,” a post by PlanAdvisor’s Lee Barney takes a look at a potential disconnect between where those age 50 and older…
Social Security’s Diminishing Ability to Keep Pace
With national health care spending growing at an average rate of 5.5% for the next decade, it’s easy to see why the recent trend in Social Security’s cost-of-living adjustments (COLAs)–1.1% average for the past five years–is cause for concern among the System’s…
Planning on Working in Retirement? What if You Can’t?
The statistics are impressive: 79% of future retirees expecting to hold a job in their retirement years, for example. For some, working fills a social need; for others it fills an economic need. And for still others, having this as…
Social Security’s Basic 2018 Changes Recapped
In a post on www.financial-planning.com, columnists Kimberly Foss and Amanda Schiavo examine five of the basic changes implemented in Social Security for 2018. The changes range from the COLA adjustment to the changes in earnings limits and maximum benefit payouts, and include the changes…
Student Loans and Social Security: New Legislation Introduced
Www.plansponsor.com’s Rebecca Moore takes a look at H.R. 1937: Student Security Act of 2017, introduced last year with an objective of providing “loan forgiveness to borrowers of Federal student loans who agree to delay eligibility to collect Social Security benefits, and…