How Will the 2024 Election Results Affect Your Social Security and Retirement Planning? The 2024 U.S. presidential election could impact Social Security benefits, taxes, and retirement strategies. Candidates propose different approaches, such as tax increases, adjusting benefit formulas, and changing retirement age requirements. Understanding the current state of social security and upcoming potential changes can…
Social Security Articles
What to Do if You Receive Incorrect Information from Your Local Social Security Office
The Social Security system is notoriously frustrating. For example, did you know that it is not the job of the Social Security Administration to advise beneficiaries how best to take their benefits? This means staffers at your local Social Security office may not understand every arcane rule or unusual circumstance you may face. Some beneficiaries…
How Remarrying Late in Life Could Affect Your Social Security
The Social Security Administration uses many factors to calculate benefit amounts for beneficiaries, including marital status. For long-married couples who are lucky enough to grow old together, calculations for spousal and survivor benefits are fairly straightforward. However, widowed or divorced Social Security beneficiaries can run into complications if they decide to remarry later in life….
How Social Security Calculates Widow and Widower Benefits
Social Security offers several different types of benefits to the survivors of deceased beneficiaries, but widow and widower benefits are the type of survivor benefits that affect the most beneficiaries. Though it can be unpleasant to think about you or your spouse dying, it’s a good idea for married couples to include widow or widower…
Do You Need to Pay Taxes on Your Social Security Benefits?
Tax season always brings about a bit of panic, as those who are getting Social Security benefits may be filing their first return since they started receiving payments. These payments, while a welcome addition to their financial support system, can feel uncertain (or even a bit burdensome) as the issue of tax liability comes to…
How to Secure Your Dream Retirement Even If You’re Behind on Savings
5 Strategies to Boost Your Retirement Savings: A Guide for Pre-Retirees Approaching retirement should be exciting, but what if you don’t have enough saved? Don’t panic – you have options to boost your retirement savings. Here are five strategies to help you catch up on savings and secure the retirement you want: 1. Adjust…
Why the Government May End Social Security Numbers (and How to Protect Yours)
How much do you think about the security of your Social Security number? All of your life, you’ve been told to keep it secret and safe. However, it’s often requested during life’s everyday moments, such as when you visit the doctor, open a bank account, or start a new job. Data Safety Is in Question…
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