Social Security
Making an informed choice about when to claim Social Security
Starting your Social Security retirement benefits is an important step on your retirement journey. The Social Security Administration reports: Elderly Social Security beneficiaries, 12 percent of men and 15 percent of women, rely on Social Security for 90 percent or…
Before you file for Social Security
The fear of running out of money in retirement is a rational one. After all, you have spent your entire career making and saving money, but even that may run out. However, you will receive your Social Security benefit for…
AI may make fraudulent schemes easier and faster to execute
Elon Musk said, “While AI has tremendous potential to transform industries, we must not forget the impact it could have on society and must work to mitigate potential risks.” The risk is here now. The Social Security Administration Office of…
Common misconceptions about how Social Security benefits are calculated
Among Social Security beneficiaries, 37 percent of men and 42 percent of women receive 50 percent or more of their income from Social Security. Among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on…
When you’re able to retire on schedule
Starting your Social Security retirement benefits is a major step on your retirement journey. You can begin your retirement benefits as early as 62 or as late as 70. If you start your Social Security benefits as early as 62,…
What to do if you have not received your check yet?
In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit, totaling over one trillion dollars in benefits paid during the year. What happens if it is the end of the month and you…
What if Social Security runs out of money?
The Social Security Trustees report is an annual report that provides information about the current and projected financial status of the Social Security and Medicare trust funds. The latest annual report shows the Trust Fund will run out of money…
Using your personal mySocial Security account
A free and secure my Social Security account provides personalized tools for everyone, whether you receive benefits or not. You can use your account to request a replacement Social Security card, check the status of an application, estimate future benefits,…
The two events that could reduce your Social Security Increase in 2024
The Social Security’s Cost-of-Living Adjustment (COLA) is to ensure that the purchasing power of Social Security benefits does not erode by inflation. COLA calculation is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and…
Ask Rusty – I’m a Veteran. How Do I Get My Extra Social Security?
Dear Rusty: As a military veteran, I was told that the final amount of my Social Security should be a little higher as a reward for military service. If so, I have two questions: 1. How much is the boost?…