Below you'll find a list of all posts that have been tagged as “social security”
While the Social Security Administration has stopped mailing annual statements, you can still calculate your (approximate) retirement benefits. In an effort to save money, the Social Security Administration (SSA) stopped mailing annual statements nearly a decade ago. The yearly statements were helpful, as they helped workers estimate their Social Security benefits. Despite this lack of formal reporting, the SSA offers …
Deciding when to begin collecting Social Security depends on a number of factors, including how longyou anticipate needing it. Deciding when to retire and begin collecting Social Security is an important life decision. For some, savings losses may dictate that you delay your retirement plans and continue working, which means postponing when you begin collecting Social Security. Current law allows …
Will Social Security be different when you retire? Its reserves are projected to be depleted by 2034, and if that happens, the program could pay retirees only about 80% of projected retirement benefits. Let’s discuss if Social Security can be fixed before it’s gone.
Many Americans count on Social Security as a substantial source of income in retirement. But, most people do not understand the guidelines surrounding these benefits. So, they may claim their benefits at a time that’s detrimental for their circumstances, eventually losing money in the process. Claiming early With these rules, it may seem obvious to delay your retirement benefits, …
An overview of its current financial dilemma and potential solutions. Will Social Security be different when you retire? Its reserves are projected to be depleted by 2034, and if that happens, the program could pay retirees only about 80% of projected retirement benefits.1 Since 2010, Social Security has paid out more than it has taken in. With roughly 10,000 …
Did you know that the age at which many workers will qualify for full Social Security benefits has risen to 67 from 65? If that’s news to you, you’re not alone: The majority of workers are still in the dark about Social Security eligibility requirements and many expect to qualify for benefits payments sooner than they actually will. Combined …
