Social Security
Retirement checklist includes more than when to take Social Security
Maurie Backman of The Motley Fool discusses three things those headed for retirement must confront. The usual and most obvious is when to file for Social Security, as claiming it at any time before full retirement age (now 66 or…
It’s Myth-busting time again with regard to Social Security
Just because you’ve heard the same line for years with regard to Social Security does not make it true. In fact, misinformation can hamper confidence in the program; it can alter the way political leaders try to deal with the…
Three questions to ask about when to claim Social Security
Maurie Backman puts in right in black and white on how filing age impacts Social Security benefits– “imagine you’re entitled to $1,600 a month at a full retirement age of 67. Filing at 62 will leave you with just $1,120…
Four Popular Ages to Claim Social Security
One can start Social Security benefits as early as 62 but also as late as 70 (there’s no benefit to waiting past this max age). But one can also start any time in between the early retirement age and the…
Be weary of having too much faith in Social Security
According to a recent survey by the reverse-mortgage lender American Advisors Group, almost 50% of all baby boomers say that Social Security will be their primary source of money in retirement. As Kailey Fralick reports, that is worrisome because Social…
Who Pays What When it Comes to Tax on Social Security Benefits
For those already drawing Social Security retirement payments, it’s no secret who is assessed Federal Income Tax on their monthly benefits. But for those aging into Social Security, it’s a good idea to understand the mechanics of how these tax…
Retaining Your Quality of Life Under Social Security Alone
America’s “savings crisis” has been discussed frequently in financial and governmental media outlets especially from the perspective of retirees without adequate–or any–savings to supplement those monthly benefit checks. Forbes contributor Teresa Ghilarducci adds perspective to this discussion with an article…
More on the Rumored Social Security Tax Cut
USA Today contributor Paul Davidson, in a post on www.usatoday.com, notes that “several prominent economists” downplay the effectiveness of a cut in the FICA rate from 6.2% to 4.2%, suggesting that workers might not freely spend the extra cash in…
SSDI’s Compassionate Allowances List Expanded
CDKL5 deficiency disorder, Pitt Hopkins syndrome, primary peritoneal cancer and Richter syndrome have been added to Social Security’s Compassionate Allowances list. This list, which now identifies 237 conditions that help expedite Disability benefits for applicants, can be viewed on the…
The “Retirement Crisis”…More than Just Fixing Social Security
Anyone tuned into the news about America’s retirement system are keenly aware of Social Security’s solvency dilemma and the actions being debated in Congress to fix the problem. But according to Financial Regulation News’ Douglas Clark, the problem is broader…