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.
Showing 50 results of 1282
I don't understand why if I go by the 4% rule, my SS payment and our budget, we have plenty of money left over, without even counting on collecting my husband's SS payment in 9 years. But New Retireme...
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Social Security COLA 2025: How Much Will Payments Increase Next Year? With inflation cooling, analysts estimate benefit boost could come in a bit under 3%. B...
Social Security celebrates its 89th birthday today, but this highly popular and effective anti-poverty program needs a long-term funding solution....
I’m still working and have employer’s health care coverage. I already get my SS and signed up for Medicare Part A. I plan on retiring in January 2025. How soon should I apply for Medicare ...
Mid 60s. Retired about a year. Income means little to me in retirement. I’m delaying social security. I decide what my income will be. Besides dividends and interest, there’s no new money ...
The complicated way Social Security is taxed can catch middle-income earners by surprise....
It is not difficult to find people who have received a fake email claiming to be from the government or a retailer asking them to clear up a problem with their Social Security number, tax filing, or r...
When you're paid less, it's hard to get by, much less save for retirement. And your Social Security benefit could be lower, too. What's a woman to do? Invest....
Last week, the American Academy of Actuaries (AAA) released An Actuarial Perspective on the 2024 Social Security Trustees Report. This Issue Brief was released about six months after the release of th...
We know what we are dealing with, and can take steps to address it. The key metric used to summarize Social Security’s financial status is the 75-year deficit. This number is the present discoun...
In the late 1960s and 1970s, the U.S. Social Security Administration subsidized college expenses for young adults with deceased, disabled or retired parents who were receiving dependent benefits. The ...
FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Logging in to Your Social Security Account? You May Find a Surprise. SSA sign-in change will affect millions of My Social Security users. By Andy Markowitz, ...
The programs that Americans rely on for security in retirement today rest on just a few major legislative acts. The two most important are the laws that created Social Security, Medicare and Medicaid ...
Project 2025 also known as Agenda 47 cuts Social Security benefits by raising the retirement age. Why have we heard nothing from AARP on this? If you aren’t familiar with Project 2025, It’...
Am I doing it wrong? Almost made the decision to retire in a year. I'm looking at all the money I currently have, plus what I will get from pensions and social security and added up all my projected e...
My wife is retiring from her job with our state govt. She will be drawing a pension. She is not old enough for SS yet. She is going to receive a lump sum amount for accumulated vacation/sick time. Her...
FROM ARTICLE - SEE ARTICLE FOR MORE! Social Security Debunks Rumors of Imminent $600 Benefit Boost. Dubious ‘news’ sites spread misinformation about midyear COLA increase. By Andy Markowit...
Wife and I struggling over where to retire within 3 years. Me M(64) she F (xx - to protect me from getting stink eye). Leave it to say, she is already retired as is not working and drawing SS. We are ...
FROM THE ARTICLE - SEE ARTICLE FOR MORE! Social Security Chief Warns Local Offices Could Buckle Amid Staff Woes. Some SSA field offices ‘teetering on the brink,’ O’Malley says in AAR...
I live in Thailand where my SS check is sent. In the past I was able to transfer online and also had an ATM card. Now the Thai banks are saying that the US govt has said that all recipients must go to...
Retired last year, living off savings and small SS for my wife until I turn 70 in December. Filed taxes for 2023 using HR Block software, paid state and Feds calculated taxes due. Then in last few wee...
It reduces Social Security applications and new beneficiaries. Enthusiasm seems to be running high for Family and Medical Leave programs. My views are mixed: as a human I can see some benefit; as a pe...
I fell into the assumption that my daughter would be taking care of all the payments. Well now I'm retired and on SS and a small supplemental income and daughter hasn't made payments in quite awhile. ...
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
What the heck is a representative payee? Social Security approves a family member or, less frequently, an organization to receive benefits on behalf of an individual who is old and infirm or has a dis...
Photo credit: jb If you’ve been looking into your Social Security projected benefits for long, you’ve probably run across the term Primary Insurance Amount, or PIA. Click on the link to se...
Thebrief’skey findings are: The 2024 Trustees Report showed a slight drop in the 75-year deficit, but the depletion date for the retirement trust fund remains at 2033. The prospect of a 21-perce...
I just came back from visiting friends I'll call the L's. He retired from a state job and between pension and SS, his income is more than what his take-home was while working. She's still working but ...
Should 70-year-old Bob live off of capital gains and dividends from his mutual funds plus Social Security, or should he sell poor-performing mutual funds for living expenses and reinvest the cap gains...
I’m planning on working until the age of 70. I’m 54 now and I love my job. I get plenty of time off for travel, etc. My current expenses are 4k a month. I should get around 3k in SS,if I w...
My Mother receives Social Security and disability. If she has or makes too much money, they will start restricting her benefits. I'm in a position where I need to utilize her bank account, and move ab...
I have been thinking about retiring for some time. I am already collecting SS and on Medicare A and B while working full time. My job has been getting worse and worse, and I just heard from my boss th...
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
About 11 percent of the children in poor families are living with adults who receive Social Security’s retirement, disability, or supplemental cash benefits. The children are often Black or Hisp...
Does anyone know if I am able to check on the status of my son's social security benefit payment. He lives with my ex-wife and neither of them will communicate with me. My son turned 18 in January of ...
My wife died a few years ago and took her SS benefit about 11 months before FRA (at a reduced value) and passed about four months later. I still have a couple years before reaching FRA and will likely...
Waiting until 70 to claim Social Security benefits can pay off, so how do you bridge the gap between giving up your paycheck and filing for benefits?...
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
Waiting until 70 to file for Social Security benefits comes with a higher check, but there could be financial consequences to consider for you and your family....
During the pandemic, the U.S. Social Security Administration leaned into providing more services and processing applications online. But that has furthered the agency’s disconnect with Native Am...
How much do you know about Social Security, Medicare and life expectancy?...
At the moment, I’m sitting in a regional Social Security office waiting room so packed that there’s a queue outside just to get in to wait. I’m here to submit forms for reducing IRMA...
Considered the country’s leading experts on Social Security, find out how to maximize your benefits with Retirement Brothers Ryan and Tyson Thacker. By:Spotlight Television The Retirement Brothe...
When people aren’t getting a government benefit they’re eligible for, the program’s goal of improving equity is compromised. Social Security’s disability insurance is an exampl...
Let’s see if we agree on what the retirement age is today. With the projected depletion of the Social Security trust fund assets in the 2030s, policymakers are looking for ways to bridge the gap...
While Biden and Trump both say they support Social Security and Medicare, their approach to each has been different....
When the Fed starts cutting interest rates, retirees could see lower yields on fixed-income assets. Social Security’s finances could be impacted, too....
Thebrief’skey findings are: When the employer cost for employer-sponsored health insurance (ESHI) rises, it slows wage growth and erodes Social Security’s tax base. Both these effects were...
Good news for wages and Social Security tax base, but will costs stay flat? Health care costs are a large and growing share of the nation’s GDP. One way those costs feed into the general economy...
Nearly half (44%) of all American households with members aged 55-64 have no savings at all and will have to rely entirely on Social Security....