Social Security is a government-run program in the United States that provides a source of income for retirees, as well as for people who are disabled or the survivors of deceased workers. The program is funded through payroll taxes, and it is designed to provide a basic level of financial security for those who are no longer able to work.
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Background information: I'm currently 66-4 months and full retirement age is 66-8 months. My wife is 55. I retired 2 years ago and my wife will be retiring in 2 months. We both are collecting decent p...
A discussion of factors to consider while deciding when to file for Social Security benefits, factoring in age and other components. The post When to File For Social Security Benefits appeared first o...
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future....
To read this story on KSL.com, click here. Are you counting on Social Security as an important source of income in retirement? You’re not alone. Nine out of 10 Americans…...
If you were a government worker that did not pay into the Social Security System and have been penalized for getting a Survivors or Spousal benefit because your Government pension was too high - That ...
Social Security and Medicare are slowly running out of money, but what does that mean for the retirees counting on them? Actually, it's not all bad news....
The law will increase benefits for millions of retirees, but it's still not clear where the added funds will come from....
Over two million Social Security beneficiaries had their retirement incomes reduced due to two programs: the Windfall Elimination Provision and Government Pension Offset...
Congress made a move recently to eliminate the WEP and GPO provisions from Social Security benefit calculations. The post Say Goodbye to GPO and WEP appeared first on Getting Your Financial Ducks In A...
The new Social Security Fairness Act was just signed into law by President Biden. What is the Act and how could it impact your Social Security benefits in 2025?...
The vast majority of seniors surveyed about Social Security's COLA say the number should be as much as five times higher than the government is forking over this year....
The Social Security Administration encourages applicants for its research grants to explore “the structural barriers that may contribute to disparate outcomes among people who have been historic...
As the calendar turns to a new year, some retirees have tax reasons to celebrate....
Most experts agree without intervention from Congress and the president, the Social Security system will be unable to meet its full obligations within the next eight y......
My spouse needs to start ss payments BEFORE full retirement age. Do we specify to start the month of the birthday, when the payment amount changes, or the month AFTER the birthday?...
Social Security is more confusing than ever. Myths abound. Here, you’ll find a complete set of 25 facts to help you understand Social Security and its benefits....
I'm reaching out to encourage everyone to contact their representatives and support President Trump's proposal to eliminate income taxes on Social Security benefits. Here's why this matters: Key Point...
In the first few hours of 2025, over 229 U.S. workers earning over $50 million per year will have likely paid all their Social Security taxes for the entire year....
The exact date your first Social Security January benefit arrives depends on what day of the month you were born, generally. Payments follow the month that they are due, so your January check is for y...
Social Security benefits are shrinking relative to Medicare premium increases, leaving older adults with less cash at the end of the month....
Written by someone who is involved in the WEP - IT’S THE BENEFITS FORMULA that created the problem so unless they have a new benefits formula for those involved in the WEP or GPO, then they are ...
I am trying to figure out if there is a way for my wife to get larger social security amount next year. My amount will be closer to $3K but my wife's projected benefit based on government site estimat...
What Social Security Benefits Changes Do You Want? These are some that have recently been proposed - YEA or NAY on these? If you don’t understand what these are - you need not vote. There are so...
From IRA contributions to Social Security COLAs and the standard deduction, several changes are headed our way. Get ready to make the most of them....
My brother and I are working to develop a retirement plan. Our working class parents never really saved for retirement (my mom worked until my dad died), so our expertise in this area is fairly low. N...
When should Richie and Heather and Rebecca and Sam collect their Social Security benefits? Why is Dan’s benefit so much higher than his wife’s? PWare has a Roth conversion case for claimin...
Will there be any coverage of the changes to Social Security eligibility/payments because of the changes to WEP/GPO?...
I am 71 years old and worked for the Post Office for over 30 years. I am collecting a government pension and was not eligible for spousal benefits due to GPO.I do have an online SS account and used th...
So what is done is done - Passage of HR 82 happened last nite in the Senate. But now we need more money to come into the Social Security Trust Fund ASAP to help make up for this $ 200 Billion being pa...
Though Social Security was designed to provide a safety net of about 40% of a retiree's customary income needs, there are millions of people for whom SS is at least 75% of their income. I'm not talkin...
Many middle-aged adults nearing retirement face anxiety over uncontrollable factors like Social Security cuts, lower investment returns, and increasing tax rates. Ari and James discuss how fear of the...
But the increase should be small and gradual. Enough with politics. It’s time to get back to solving problems. Not surprisingly – given my slant on the world – the problem I care mos...
John in Pennsylvania doesn’t have bonds in his investment portfolio. Should he add them, and if so, where? That’s today on Your Money, Your Wealth® podcast number 508 with Joe Anderson...
Curious about how timing your Social Security could maximize your benefits? Join Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions as they welcome their long-time friend and Investment Advisor...
It’s been 40 years since the social security tax was imposed back in 1984. And the AARP has done nothing to repeal that tax. That seems like it should have been a year after year priority with e...
If that question has been on your mind, we've got good and bad news....
Timing is everything when it comes to starting Social Security. Here are the top reasons why people choose to delay or take it early, according to one expert....
In ways big — e.g., Donald Trump's reelection — and small — e.g., a slight reprieve for Social Security's trust fund — 2024 was a turning point for American retirement. Here's ...
A bill has been introduced to eliminate taxes on Social Security benefits....
The maximum Social Security check is $5,108 in 2025, up from $4,873 in 2024. Even if you don't qualify for the maximum monthly benefit, you can still increase your payments....
This legislation would allow some workers to double-dip and speeds the exhaustion of the trust fund. On November 12, the House passed the Social Security Fairness Act to repeal the Windfall Eliminatio...
Some people don’t receive all their Social Security benefits, even though they paid into the system. A bill would change that....
Don't unnecessarily delay or reduce your Social Security benefits because you don't know all the rules and requirements....
While inflation has been easing downward, it has still been pinching retirees’ budgets. Will retirees still be getting a big raise via their Social Security Cola?...
There is support for a House vote in Congress to eliminate this provision. This article is written to provide you with the reasoning for WEP....
The longer a husband delays his Social Security retirement benefits, the larger the check his wife will get when he dies. And odds are that he’ll die first, so that decision to delay will leave ...
Note: you can find the first part of this discussion of Social Security Survivor Benefits at the link. Part 1 covered the basics of Survivor Benefits, and this article covers other considerations with...
Basics of the Social Security Survivor benefit. This article lays the foundation for understanding this confusing aspect of Social Security. The post The Social Security Survivor Benefit – Part ...
Declining inflation led to the lowest cost-of-living adjustment since 2020, with the 2025 COLA set to rise 2.5%....
F66 and Husband 71. Full Retirment is 66 and 8 month. Received a severance package that covers me till January 2025. Our total combined net worth including home around 750K Home is about $250k SS woul...