Social Security
Ask Rusty – About Investing Social Security Money in the Stock Market
Dear Rusty: For most folks collecting Social Security, you get back what you put in within 3-5 years, so for those that scream – “SS is not an entitlement, it is my money”- that is not entirely accurate beyond 3-5…
Will 2025 be your year?
This year will be important for those individuals born in the last eight months of 1958 and the first two months of 1959. Why; because they will be reaching their full retirement age. When you reach your full retirement age…
Resolve to Protect Yourself From Scams This New Year
(Source -By William Bardin, Acting Associate Commissioner for the Office of Program Integrity of The Social Security Administration) As we welcome in the new year, let’s make protecting ourselves against scams a top priority. Ring in 2025 with some smart…
A new year but the same solvency issues linger
A new year, but the same old problems linger. Social Security continues a problematic path with looming insolvency and benefits cuts as soon as 2033; that is only eight years away. What about Medicare? Medicare Part A (Hospital Insurance or…
Have you already paid your taxes for 2025
In the wee hours of New Year’s Day, over 229 Americans had already paid their Social Security tax for 2025. Compare this to the 164 million Americans who pay Social Security tax all year long. If there were no cap…
Don’t forget these changes for 2025
One of your New Year’s resolutions may have been to set your financial goals for 2025. One item you will need to remember is the annual changes to Social Security, which will impact your finances. Charlene Rhinehart has outlined three…
When will HR 82 be signed?
According to a Facebook post by the National Fraternal Order of Police, President Biden may sign the Social Security Fairness Act on January 6th, but this has not been confirmed. The Social Security Fairness Act will repeal the windfall elimination…
Musk and Social Security
Congress needs to make a Social Security resolution in 2025. The road to insolvency looms closer than ever. Can Musk help this process along? Read this article by Daniel McCarthy for New York Post here… As an example of the…
Will Biden Sign HR 82 into Law?
HR 82, the Social Security Fairness Act, has been passed by Congress and is now sitting on Biden’s desk waiting for a signature for it to become law. The President has until Monday to sign it, which is January 6th.…
A Common Social Security Mistake
It is well known that, if Congress fails to act, the Social Security Trust Fund will be depleted by 2035. This has caused some anxiety among upcoming retirees about when to take benefits. Those who take benefits at 62 are…