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Social Security Fund Runs Out of Money One Year Earlier

Category: Financial and taxes in retirement

September 8, 2021 — The latest Trustees report for Social Security shows that the COVID-19 pandemic and the 2020 recession are affecting the future of this popular program, but no one is certain exactly how that will play out. One thing the report does lay out is that the Trust…

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Published on September 7, 2021
Comments 7

Overlooking Social Security Spousal Benefits Could Leave Him Clipping Coupons

Category: Financial and taxes in retirement

April 5, 2021 – Naturally enough, most people concentrate their focus on their own Social Security retirement benefits. If they are careful, they compare the advantages of taking it early (as soon as age 62), waiting to Full Retirement Age (FRA, which is 67 for those born 1960 or later),…

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Published on April 4, 2021
Comments 6

The 3 Critical Things About Social Security Most People Don’t Understand

Category: Financial and taxes in retirement

January 9, 2020 – Most of the people who took the new version of our popular Social Security IQ Quiz were able to get a passing score of 60%. But there were 3 questions that many people had a lot of difficulty answering correctly. That lack…

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Published on January 9, 2021
Comments 10

Answers to the 2020 Social Security IQ Text

Category: Financial and taxes in retirement

October 28, 2020 — Thank you for taking our 2020 Social Security IQ Test. We hope you found it useful. (If you haven’t taken it yet, here is the link). Please find below a detailed summary of all the questions and answers, along with an explanation…

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Published on October 28, 2020
Comments 0

Knocking Down Some Windfall Elimination Provision (WEP) Misconceptions

Category: Financial and taxes in retirement

July 4, 2020 — Our friend Robert Powell at TheStreet.com just wrote a very helpful article for people who worked for governments or non profits and did not pay into Social Security for much of their work lives. They are usually concerned that they won’t get Social Security retirement payments.

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Published on July 4, 2020
Comments 6

Will Pandemic Affect Social Security’s Future?

Category: Social Security

May 4, 2020 — When the coronavirus pandemic first arrived on our shores one of the first thing many people added to their list of worries was its potential effect on the viability of Social Security. Those of a negative mindset were drawn to two main concerns about its funding:…

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Published on May 4, 2020
Comments 15

Will Covid-19 Affect Your Social Security Plans?

Category: Social Security

April 21, 2019 — Deciding when to take Social Security retirement benefits is always a complex question. Now the devastating impact of Coronavirus is making it even harder. Here are some thoughts that might help on a question that always has many possible answers. The New York Times reports in…

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Published on April 20, 2020
Comments 2

3 Social Security Rules to Know and Live By

Category: Financial and taxes in retirement

BULLETIN: SOFTWARE GLITCH MIGHT HAVE UNSUBSCRIBED ALL SUBSCRIBERS! We are sorry to burden you with this, but it appears the company that sends out our newsletter might have accidentally UNSUBSCRIBED ALL of our Best Places Newsletter subscribers! If you would like to continue getting our free newsletter, please go…

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Published on December 28, 2019
Comments 10

Is the Reward for Postponing Social Security Too Great?

Category: Social Security

December 11, 2019 — You can always expect a lively debate on this subject: should you wait to claim Social Security, or take it as early as age 62? No matter your opinion, it is indisputable that claiming later than your Full Retirement Age (66 or later) provides an attractive…

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Published on December 10, 2019
Comments 11

Social Security COLA for 2020 Announced: Lower Than This Year’s

Category: Social Security

November 18, 2019 — Late last month it was announced that Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020. This follows increases of 2.8 percent in 2019, 2% in 2018 and .3% in 2016.  The 1.6 percent cost-of-living adjustment…

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Published on November 18, 2019
Comments 16

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