Social Security
Working While Receiving Social Security
Those that have not reached full retirement age and are collecting Social Security benefits are subject to an earnings limit of $1,470 per month or $17,640 per year in 2019. Once you have reached your full retirement age, there is…
The New Crisis Brewing in Social Security - Customer Service
Even casual followers of anything related to Social Security are likely aware of the program’s long term funding challenges due to changing demographics. But as Mark Miller of Reuters reports in this article, customer service is the newest flash point.…
Social Security and paid parental leave explained
Social Security’s long term financial health is in peril without congressional reform. Some might find it curious then that lawmakers, including GOP Senators Marco Rubio, Mitt Romney, and Joni Ernst are lobbying for a paid-leave plan, which would allow working…
3 “Must Dos” Before You Claim Social Security
Social Security is a critical source of income during retirement. Before signing up for benefits, Maurie Backman of The Motley Fool suggests folks first commit their full retirement age to memory. Only 26% of Americans could correctly identify that age…
Rep. Larson engaging with the GOP to pass historic Social Security reform
Rep. John Larson (D-CT) has been working on Social Security issues for most of his 20 years in Congress. He cites the statistic of 125,000 Social Security recipients per congressional district to underscore the importance of the program. The Social…
Take these four steps before leaving the workforce for good
Christy Bieber suggests checking off each of these four tasks from your list before leaving the workforce for retirement. First is to pay off debt. Second is figure out what your income will be. This might include Social Security, employer-provided…
Author makes case for “writing off” Social Security
The central message of this piece written by The Motley Fool staff for Fox Business News is this: to avoid financial stress and disappointment in retirement, do not rely on Social Security benefits too heavily. True, there will always be…
Social Security has three sources of revenue
Social Security revenues are derived from three primary sources, as explained by Dan Caplinger in this piece. First, the program collects payroll taxes from employees and employers. Second, it collects income taxes on the portion of Social Security benefits that…
Can Social Security Save Your Retirement?
Maurie Backman notes an estimated 33% of workers 55 and over have less than $10,000 set aside for the future. One of the prevailing views held by so many is that Social Security will save folks in retirement. The problem…
Millenials’ pessimism on Social Security
Abigail Narbe works at a think tank in D.C. Metro and wrote this op-ed piece on Millenials and their views on Social Security. Narbe points out 8 in 10 Millennials don’t expect Social Security support when they retire. Congress narrowly…