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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I (M66) am retired. My spouse (F65) is winding down her business and will basically be retired after the first of the year. Between Social Security and savings we have enough to live on in a reasonabl...
The intergenerational-conflict myth is weaponized to cut Social Security and Medicare and make people work longer. The intergenerational – conflict myth intones that politicians who cut spending...
As we approach retirement, we often find ourselves immersed in a sea of financial considerations, pondering our savings, Social Security ... Read more...
I am a widow, age 65. Initially when I visited the local SS office and presented all my paperwork, I was told that I could start collecting my SS benefit whenever I choose, and then when I turn 66+4 m...
Once a year, Social Security reports on the program’s financial outlook but the bottom line doesn’t change: the reserve in the trust fund is running out of money. Many workers and retirees...
Cost-of-living adjustment makes sure the backbone of our retirement system keeps pace with rising prices. With the release of the September CPI-W inflation number, the Social Security Administration a...
Social Security and 401(k) plans leave Americans less secure than retirees in much of the world, a new ranking finds...
I'm retired and collecting social security. I'm considering going back to work part time but I don't want to add much income. I don't need the $ and it will only cause my health insurance to cost more...
September 19, 2023 – Quick – what is the 2023 maximum monthly benefit from Social Security? $2810/mo., $3035/month, $4193/mo., or $4,555/mo.? And, how much is the average benefit? If you g...
Recently closed a house and after all closing costs, I will have $1m cash on hand. Anticipated Retirement Income: $80,000. Age 60. Anticipated SS: $44,000 annually. 401k: 750k, currently in retirement...
Wondering if anybody has knowledge of retirement planners who work with dual citizens. We are near retirement and will be eligible for both CPP and Social Security. We also have investments in both co...
The sorry truth is that most, over 63 million workers, have no retirement plan that will supplement their Social Security....
Everyone is suddenly talking about raising the retirement age, but is the discussion already moot? And what impact might earning post-retirement income have on your Social Security benefits?...
I just turned 67 and claimed my SS benefit when I reached my FRA, last year. My wife, who turns 66 this next week, was mostly a stay at home mom but did teach for a few years. Upon her turning 62, she...
Rising interest rates, pressure on Social Security, unpredictable markets and longevity risks are making annuities ever more attractive as a part of retirement planning....
Should you take the current debate seriously? Or should you just accept Social Security won’t be around when you need it?...
I need help completing the form for claiming amounts due in the case of a deceased beneficiary. Question #1...name of surviving widow - that's me...I entered my SS#, I answered "yes" to living in the ...
Hi, I was wondering if you’re allowed to use social security survivor’s benefit / widow’s benefit payments to contribute to a personal IRA. My mom is 61 and is receiving benefits fro...
Your optimism or pessimism about our politicians’ courage to shore up Social Security benefits could influence your claiming strategy, depending on your situation....
Photo credit: jb In a previous article we talked about the Social Security Family Maximum Benefit for a retired worker – and we mentioned that there was a separate calculation for the Social Sec...
Your optimism or pessimism about our politicians’ courage to shore up Social Security benefits could influence your claiming strategy, depending on your situation....
When mediating a divorce settlement, a 50-50 split of assets isn’t always equitable when Social Security benefits are taken into account....
Hubby 75 still working 9 months a year; I’m 62 are now work part time. Expect him to fully retire in 3-5 years. We are fairly set financially- both have state pensions, 401ks and SS (not me yet....
If this does not belong here.. Dump it. Not meant to be politically based. What are the chances that the Fed’s start taxing Roth accounts like they do Social Security Payments? How would / could...
I've been thinking this would be a good alternative to an annuity for generating monthly income for the time between retiring and starting social security, assuming social security at 70. Has anyone h...
Recipients of Social Security disability benefits rely on the monthly check as a vital source of income, but in no state does it match up to the livable wage....
I think I'm doing okay, but not sure if I'm on track to retire in my late 60s, or even by 70 (I understand you get more SS benefits the later you draw on it). I have 200K+ in cash/liquid accounts. My ...
For the sliver of retirees who are far behind in paying their own or their children’s student loans, Social Security can withhold part of their benefits to pay the loans back. But college has go...
Hey all, maybe an odd question, but I continually see people in their 60-70's post here who seemingly have no idea about retirement, social security, etc. I saw one in fact where a guy who is a bit ov...
Because near retirees have no significant source of retirement income besides Social Security many will have to take any job they can find....
Sorry for the long post; I hope many can read it and comment. I'm pretty close to retiring. I'm past the Social Security age and I've been drawing and saving Social Security for a year or two while st...
October 13, 2022 — It has been four decades since the Social Security COLA (Cost of Living Adjustment) was this high. The government announced the increase today, which came in as widely expecte...