No Taxes On Tips, Overtime, And Social Security? Not Exactly
Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary....
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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Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary....
The Social Security trust fund will be insolvent in 2033 and by 2035 will have to reduce benefits by 17%. Here is now much more you need to save to cover the potential shortfall....
I'm sure I'm missing something obvious about social security full retirement age but I'm confused. My FRA will be 67. I understand that if I start taking SS earlier than that, there is a penalty. I al...
The Social Security Fairness Act's big changes and new opportunities could require adjustments in tax strategy for some Social Security recipients....
Reintroduced legislation accompanies another bill requiring the SSA to mail statements…...
Misinformation about a Social Security login update sparked panic. Here’s what’s true, what’s not, and how to safely access your account without losing benefits....
FROM THE ARTICLE: AARP Backs Effort to Improve SSA's Assistance for Identity Fraud Victims. Congressional bill calls for streamlining help for older adults whose Social Security numbers have been stol...
My wife is a retired teacher since 2014. The school system does not pay into Social Security. She retired 10 years ago and has been paying her Medicare premium through bank withdrawals. Now, 10 years ...
With a Social Security shortfall looming and many workers struggling to save for retirement, most Americans agree: It's time for the government to step in....
So I was married for 25 years, 15 of those years I was the care giver and really didn’t work. I am now divorced for 2 years. I’m 1.5 years away from collecting full SS payments, my ex made...
If you are filing for your Social Security Retirement BEFORE your Full Retirement age, PLEASE keep in mind there is an Earnings Limit on how much you can make and not have some of your benefits clawed...
This week, we continue our Process Over Panic theme by focusing on how to take back control in uncertain times. Learn how to shift your energy toward what you can control—and let go of what you ...
FROM THE ARTICLE: How Social Security Became a Baby Name Influencer. Storing more than a century of American IDs, the program’s database is a go-to resource for cultural historians — and a...
Social Security beneficiaries may welcome the withholding rate reduction, but financial advisors say the back-and-forth policy changes threaten to erode public confidence in the agency....
I have a couple questions and I was hoping the knowledgeable people here may be able to answer. If I retire in October, when I turn 64, does the income I made all year up to that point, ( which will b...
Congratulations to our 18th Social Security Commissioner -Financial Services Industry Leader Mr. Frank Bisignano. I think he is gonna do a great job with his background in payment systems - maybe we a...
There has been a fair amount of change at the SSA since Trump took office. Here's a look at what's new this year and how it will impact the agency going forward....
With concerns about funding shortfalls and DOGE disruption, more Americans than usual are filing to collect Social Security benefits, and at younger ages....
People who don't 'need' their Social Security may consider using their benefits to manage estate taxes and long-term care expenses....
It isn’t common, but there are times when your Social Security payment could be delayed....
For those interested - SSA.gov Press Release 04/29/2025 - Social Security Administration Highlights Key Accomplishments in the First 100 Days of New Administration...
Yes, this is still the current interpretation of Social Security as an entitlement of benefits from contributions made over time - SSA.gov Social Security History -Supreme Court Case - Flemming v Nest...
FROM THE ARTICLE: How Social Security and Medicare Transformed Aging in America. Two lifelines for older adults reach important milestones in 2025. By T.R. Reid, AARP. Published April 30, 2025. After ...
FROM THE ARTICLE: AARP Answers Your Social Security Questions: 5 Takeaways from Our Live Event. An expert panel discussed customer service issues, the program’s financial future and our advocacy...
FROM THE ARTICLE: These Americans Depend on Their Social Security Payments — and Fear Losing Them. Caregiving, health challenges and business woes derailed their retirement plans, depleted their...
A family of (4) - a stay at home mom. (2) small kids and a dad that makes very good money from securing his degree and he is climbing the ladder. Own their nice home with a mortgage, two cars, are fin...
FROM THE ARTICLE: Social Security Retreats on Plan to Claw Back 100% of Benefits for Overpayments. SSA will now withhold up to half of benefits from those who owe for past payment errors. By Andy Mark...
FROM THE ARTICLE: Americans Rely on These Sacred Promises. Social Security and Medicare must be protected. By Dr. Myechia Minter-Jordan, CEO, AARP. Published April 30, 2025. Social Security and Medica...
You can make charitable donations to Social Security, the safety net for older Americans. But will it make a lasting impact?...
What financial advisers might need to know to help their clients navigate Social Security in 2025....
If you're strategic about your retirement account withdrawals, you can potentially minimize the taxes you'll pay on your Social Security benefits....
I received many questions after concluding in my post “How Much is Enough to FIRE in San Francisco” that $5,654,000 was enough to cover my current and planned future spending needs....
Here's a brief look at some of the biggest changes to Social Security that we’ve seen so far in 2025....
FROM THE ARTICLE: On Social Security’s Front Lines, Customers Seek Service — and Reassurance. At field offices in 3 states, beneficiaries worry that changing rules and staff cuts will make...
If you need to solve Social Security problems, online should your first stop....
In this inbox episode, we break down how the Social Security earnings limit works—especially for C corp owners who split income between salary and dividends. Learn what counts toward the limit, ...
Privatizing Social Security could mean more investment options for workers. It could also mean the loss of guaranteed income in retirement....
Perhaps you can help a retired lady. I'm 77 and started collecting SS when 62. I still work part time and am self employed. Recently I won a work related lawsuit of $220,000.00. I've been relatively l...
I swear I don’t know how I managed to get all the detail work of life done when I had a full time job. Start with Medicare and SS. That alone requires constant checking, monitoring, and tweaking...
FROM THE ARTICLE: How to Verify Your Identity with Social Security. You can still confirm your ID online, on the phone or in person when applying for benefits. By Phil Pruitt, AARP. Published April 16...
FROM THE ARTICLE: Have You Earned Your Eligibility for Retirement Benefits? Work, taxes and age all factor into whether you qualify. 2.5-minute read. By Andy Markowitz, AARP. Reviewed by Jammie Lyell....
The services of a Registered Social Security Analyst (RSSA) are often overlooked. Yet, for those planning for retirement, nearing or already retired, an RSSA can be an invaluable resource....
Work your way around income gaps, tax gaffes and Social Security insecurity with some thoughtful planning and analysis....
I am almost 64 and so is my husband. He started drawing early retirement this past year. I am still working and am planning on waiting as long as possible to draw mine and mine is going to be signific...
Delaying Social Security until age 70 will increase your benefits. But with shortages ahead, and talk of cuts, is there a case for claiming sooner?...
To read this story on KSL.com, click here. Up to 85% of your Social Security benefits could be taxed. Many families planning for retirement don’t realize this – or how…...
Higher Medicare premiums, smaller Social Security payments, bigger tax bills … Financial changes can hit hard when a spouse dies. How to counter the blow....
I am 64 years and have earned only 29 credits towards Social Security because I have spent much of my working life in Canada after marrying a Canadian. In 2024, I began earning US 1099 income (plus Ca...
FROM THE ARTICLE: AARP reiterates customer-service concerns as buyouts cut staff at local sites. By Andy Markowitz, AARP. Published April 10, 2025. Amid surging complaints about Social Security custom...
Deep staff reductions. New policies. Spreading misinformation. Since President Trump has taken office, the agency has been in tumult....