Exposing the Truth Behind Popular Retirement Misconceptions By, Jeremy Reif, CRPS With the never-ending stream of retirement advice being thrown at you, how do you know which answer is correct? Different sources will tell you different things, like when you should claim Social Security, what type of account you should use, and how much you […]
Friend of the blog DT wrote in and said: In regards to your recent “When to Take Social Security” article, you left something out. You can take Social Security early (say, age 62), then invest that money, and your investment will end up better than if you had waited on Social Security until age 67 […]
Thanks to reader Lynn, who wrote in this week with some specifics about her household’s situation and an overarching question: When should we start taking Social Security? I’ll provide background information below, and then we’ll discuss a few common “if –> then” heuristics to help you with your Social Security planning. Background – The Pros […]
Paving the way to burden season, a huge number of Americans could owe the IRS thousands on their Government backed retirement installments. While Government managed retirement installments saw a cost for many everyday items change (COLA) of 3.2 percent this year, there could be unseen side-effects on […]
Equity’s Bold Fiscal Moves: Slashing Government Expenditures and Unveiling Three New Tax Breaks in 2024 Budget Proposal Making a further declaration on X, previously Twitter, Equity posted: ” We’ve curtailed government expenditures multiple times since I got down to business in 2017, and this year I proposed three extra tax breaks in my spending plan: […]
About one of every seven retired people in the U.S. depend on Government managed retirement for essentially the entirety of their pay, as per an AARP examination. Be that as it may, these advantages don’t generally come without Uncle Sam’s surprises. Some States Tax Social Security for Retirees To demolish monetary issues for retired folks […]
It’s not unusual for Black and Latino children to live with their grandparents, who are either the primary caregivers or members of a multigenerational family. And just as the grandparent is integral to the family unit, so are the Social Security benefits the grandparent receives and contributes to the household. The poverty rates in families […]
Democratic Senator Bernie Sanders is pushing for a new bill that could give current and future Social Security recipients a bit more cash in their monthly checks. The Social Security Expansion Act was introduced to Congress by Sanders and Peter DeFazio last year but didn’t get much traction. This time, Sanders has gained more support […]
Nearly half of the people receiving federal disability benefits have a psychiatric impairment that interferes with working. And they tend to be younger and more willing to work than other disability beneficiaries. This makes them good candidates for employment support programs that encourage working at least part-time and might even prevent them from applying for […]
Jane had always assumed that Social Security would be there for her when she retired. She had been paying into the system for most of her working life, and it seemed like a reliable safety net. However, as she approached retirement age, she began to hear rumors that the program was facing some financial challenges. […]
