Social Security
Your taxes and Social Security
The Social Security Trust Fund will be insolvent within the next ten years, causing benefits to be cut by 23 percent unless Congress reforms the program. The current presidential candidates both say they will not touch the program; however, the…
The path to the highest possible Social Security check
What does it mean when someone says they have maxed out their Social Security check? It means no matter how much money they made during their career, they cannot receive a Social Security check higher than $4,873 per month. Yes,…
Aim to be less reliant on Social Security COLAs
The official 2025 COLA will be released by the Social Security Administration (SSA) in mid-October 2024, usually around October 15th. However, the announcement may not be what seniors are hoping for. Why? Experts estimate a lower COLA than the previous…
Ask Rusty – Does Some of my Social Security Payment Include Repayment of my Contributions?
Dear Rusty: I have a question about my Social Security benefits. Would I be correct to assume that part of the monthly Social Security income I get is a repayment of what I contributed to the fund while I was…
The Election and Social Security
With the presidential election in just a few months Amanda Umpierrez for 401K Specialist takes a look at how much of an impact Social Security reform will have on voting. Looming insolvency is bringing this issue to the forefront of…
Social Security Systems Around the World
A comparison of retirement systems in different countries by Lou Carloza for Yahoo Finance. Read here… As our own program struggles with potential insolvency, it is interesting to note how other countries handle their retirement programs. As an example of…
Making the Decision – When to Claim Social Security Benefits
You can claim your Social Security Benefits anytime between the ages of 62 and 70. Claiming earlier than your Full Retirement Age (FRA) reduces your payment and waiting beyond your FRA increases your benefit. Christy Bieber for The Motley Fool…
Social Security Talk with Martha Shedden
Martha Shedden, president and co-founder at the National Association of Registered Social Security Analysts, discusses Social Security with John Manganaro for ALM Think Advisor. Read here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
A Social Security Reform Discussion
Suzanne Blake for Newsweek introduces the Social Security perspective of the new kid on the block, Tim Walz in this article. Read here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens…
Alternate Sources of Retirement Income
Social Security is not enough to live on, so a mix of income resources makes sense. Gabrielle Olya for Go Banking Rates explains here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet…