Tag: Social Security

What The Latest Social Security Numbers Mean to You

By on January 9, 2017 in Retirement with 0 Comments
What The Latest Social Security Numbers Mean to You

The author suggests that the consequences of Social Security will arrive much sooner than the experts are predicting and says that we may actually have to repay the Trust Fund.

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CBO: Social Security Benefits Would Need to be Reduced by 29%

By on December 23, 2016 in Retirement with 0 Comments
CBO: Social Security Benefits Would Need to be Reduced by 29%

A new report from the Congressional Budget Office says that under current law, Social Security benefits would have to be cut 29% beginning in 2030 at the current rate of consumption.

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Legislation Introduced to Apply the Chained CPI to Social Security COLA

By on December 11, 2016 in Retirement with 0 Comments
Legislation Introduced to Apply the Chained CPI to Social Security COLA

Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.

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How to Boost Your Social Security Check by 85 Percent

on December 2, 2016 in Retirement with 0 Comments
While you can draw Social Security as early as age 62, there are incentives to waiting. Here is some guidance based on some recent studies.

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Social Security is not a Windfall for Federal Employees

on November 29, 2016 in Retirement with 0 Comments
The Windfall Elimination Provision (WEP) is an often misunderstood Social Security rule designed to prevent double dipping from Social Security and public sector pensions.

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Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty

By on November 21, 2016 in Retirement with 0 Comments
Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty

New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.

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Moving to Canada? You Can Take Social Security With You

on November 17, 2016 in Retirement with 0 Comments
Generally, if you have Social Security credits in the U.S. and Canada, you may be eligible for benefits from one or both countries. The author explains how this might work.

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10 Social Security Rules Everyone Should Know

on November 10, 2016 in Retirement with 0 Comments
Workers who familiarize themselves with the Social Security rules will be better able to maximize their payments. Pay close attention to these aspects of the program when making Social Security decisions.

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Why Social Security COLAs Aren’t Keeping Up With Inflation

By on November 9, 2016 in Retirement with 0 Comments
Why Social Security COLAs Aren’t Keeping Up With Inflation

A lot of retirees are upset about the small COLA for the coming year, however, the author says that the COLA calculation is not an exact science. Here is an explanation of why it has been so low in recent years.

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The Real Story on Social Security Deficits

on November 8, 2016 in Retirement with 0 Comments
Social Security faces a serious financial shortfall, but there is no shortage of Social Security myths designed to draw attention away from the need for action. The author says that one such myth is that because interest payments this year will cover the gap between Social Security benefit outlays and tax revenue, there is little need to worry about the financial state of the program.

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