Social Security
Clarification of the CARES Act Rules on Payroll Tax Deferral
The National Law Review, in a post today on their website, explains a number of provisions enacted via the Families First Coronavirus Relief Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), along with a recap of…
Getting the Most Out of Social Security
Rather than wait until its too late, folks need to know that there are ways to boost the benefit amount they will receive when they elect to begin drawing their earned benefits. For example, delaying the starting point for collecting…
A Retrospective on Aging: Looking back to 1995’s White House Conference on Aging
The “Contract with America” adopted by the Clinton Administration served as the centerpeice for the 1995 White House Conference on Aging, a convocation that adopted as its top resolution, ““Keeping Social Security Sound for Now and for the Future.” Next Avenue Contributor Bob Blancato, in…
The Social Security Dilemma: A Look at Political Realities
In a post on forbes.com, contributor Steve Vernon provides an assessment of some potential paths to resolving the Social Security solvency issue. Vernon, president of Rest-of-Life Communications and a research scholar for the Stanford Center on Longevity, offers analysis into the statistical…
Social Security’s Problematic Trifecta
Let’s start with an understatement: the COVID-19 pandemic is wreaking havoc on the nation’s economy. The projections dealing with unemployment, corporate earnings, small business continuity, etc. are horrendous, both short-term and long-term. We see alerts every day telling us how…
Guarding Against the Potential for Insolvency-Driven Social Security Cuts
It should be no secret to anyone that Social Security is in a gradual descent toward insolvency. After all, for years now the annual Social Security Trustees Report has sounded the alarm, and many news reports have hyped the problem…
ATTENTION: SSI Beneficiaries with Dependents
Action Needed for People Receiving SSI with Dependents and Who Do Not File Tax Returns to Receive $500 Per Child Payment – The Social Security Administration last evening released a press release advising steps to be taken to ensure that “SSI…
Most but not all Social Security recipients to get automatic stimulus deposits
Most recipients of Social Security benefits need do nothing to get a $1,200 stimulus payment directly deposited into their accounts, assuming they otherwise are within the income guidelines. Deposits began hitting accounts this past weekend. However, the following three groups…
Worried About Social Security in Your Future? Mistakes to Avoid
As noted in an article posted today by The Motley Fool’s Selena Maranjian on their site, many Americans are worried about the health of our country’s Social Security system, and rightfully so. Ms. Maranjian acknowledges the worries, and offers conjecture on three…
The Debate on Payroll Tax Elimination
President Trump, in a Coronavirus Task Force briefing yesterday, discussed his thoughts on cutting and/or eliminating the payroll tax withheld by employers, thereby generating immediate financial relief for workers. The 7.65% payroll tax (6.2% for Social Security and 1.45% for Medicare) represents…