Social Security
Be careful if contributing to an HSA while on Social Security
Sarah O’Brien of CNBC writes an important and informative piece here for those that regularly contribute to a health savings account (HSA) and plan to tap Social Security past full retirement age. Folks must be careful not to run afoul…
Free up your time by using Social Security online
Maria Ortega of The Sun Sentinel describes time as one of our most valuable commodities. This article discusses online resources to make doing business with Social Security easier and faster. By establishing a my Social Security account, those receiving benefits…
States With the Best and Worst Average Social Security Checks
New Jersey and Connecticut are where older people receive the largest average Social Security payments, according to the latest data from the Social Security Administration. Louisiana ranks last. Doug Whiteman of MoneyWise ranks all 50 states and the District of…
An analysis of two approaches to reforming Social Security
Monique Morrissey, writing in The Philadelphia Tribune, explains some details of and analyzes Rep. John Larson’s Social Security 2100 Act as well as Sen. Elizabeth Warren’s plan to reform Social Security. Both plans are progressive in nature, and the author…
Social Security Expansion Hits Speed Bumps
Andrew Biggs of the American Enterprise Institute summarizes how the incredulous idea of expanding Social Security benefits has gone from a fringe position in 2012 to solely a Bernie Sanders idea in 2016 to now a mainstay view of all…
Beyond just the 1.6% Social Security raise
David Rae, writing in Forbes Magazine, explains how the 1.6% cost of living adjustment was derived by the Social Security Administration two weeks ago and what it means to the average recipient. Rae cites data from the Labor Department, showing…
Will you get what Social Security promises?
Liz Weston of The Chicago Tribune explains how people can access information on what they can expect to receive in future Social Security benefits. But there are imperfections with Social Security projecting what one’s benefit will be years from now.…
Earn More in 2020 and Keep Your Social Security Benefits
The most common age for people to claim Social Security retirement benefits is 62. Many of these folks still keep their jobs and decide to supplement their income by claiming their Social Security. While you don’t have to stop working…
Banking on Social Security alone in retirement? Fuggedaboutit!
Maurie Backman’s piece here notes that seniors who have incomes from several sources in retirement will no doubt be unaffected by the paltry 1.6% cost of living adjustment just announced for 2020. But too many seniors do rely solely on…
Turning 62 in 2020? Social Security Will Pay You Less.
In 1983 Congress and President Reagan agreed to changes to make Social Security solvent for the longer term. One change that did achieve this end was increasing the full retirement age from 65 to 67 in two month increments over…