Social Security
Ask Rusty –Please Clear Up Our Confusion about Our Social Security Payments?
Dear Rusty: I am thoroughly confused. What do I need to do to continue receiving automatic Social Security deposits to my bank account, and maintain our Medicare and Supplement health insurance? My wife has received her SS deposit regularly on…
Social Security’s “Effective” Date Conundrum Explained
For those of you just beginning to look seriously at claiming Social Security benefits, you’ll quickly realize that there are not only many rules associated with this step, but certain idiosyncrasies as well. One of the more esoteric of these…
Critical Details to Know About Spousal Benefits
Anyone approaching Social Security eligibility faces several key decision points, most of which have long-term implications for their later years. Couples reaching this stage have a specific set of parameters they need to understand clearly, from determining eligibility to assessing…
How Proposed Changes to Social Security could affect Insolvency Date
President Trump wants to eliminate taxes on Social Security benefits, overtime pay and tips. The downside of this change is that the Social Security trust fund would run out of money three years earlier than originally projected. Trevor Jennewine for…
Fact Checking Biden’s Speech on Social Security
Former President Biden made several misleading claims in his recent speech in Chicago at the Advocates, Counselors and Representatives for the Disabled conference. Lori Robertson for FactCheck.org explains here… Notice : The link provided above connects readers to the full…
Taxation of Social Security Benefits
The guidelines regarding the income levels that tax Social Security benefits have remained unchanged for decades. As COLA increases income, more and more retirees will have to pay tax on their benefits. President Trump wants to eliminate taxes on Social…
Could COLA be Affected by Tariffs?
Millions of people rely on Social Security to help make ends meet. Each year inflation is measured by comparing third quarter numbers with the third quarter numbers from last year. This is what determines the amount of the Cost of…
Social Security Complications as a result of the Fairness Act
The Fairness Act was the largest change to Social Security in decades. The chaotic process that preceded the bill being passed and the fact that Congress failed to fund the additional administrative costs of processing the change has added to…
Should Social Security look more like Australia’s Retirement Plan?
There are numerous ideas circulating about reforming Social Security. BlackRock CEO Larry Fink suggests examining how Australia approaches it. Employers contribute 11.5% of each employee’s salary to their “superannuation” account. Employees have the option to contribute. Employees decide how their…
Social Security Administration Communication
Recently rumors have been circulating saying that moving forward Social Security will communicate exclusively on X (formerly Twitter). Meghan Bragg for Verify has reported that this is false. Social Security will continue to communicate through all mediums. Read here… Notice…