Every year the Trustee Report shows that Social Security is going to be depleted by a certain date. Consequently, many changes have been suggested to help save Social Security. Related: Should seniors get a one-time payment to make up for the small Social Security 2017 COLA? The Washington Post recently invited readers to provide their […]
One of the biggest questions you will face as you get closer to retirement is when to start collecting your Social Security retirement benefits. The decision is much more complicated – and important – than you may think. Not only will this decision affect how much income you will receive during retirement, it affects how […]
What is Social Security? Social Security is a federal program that was created to provide economic security to workers in the United States. Social Security benefits are funded by payroll taxes collected from workers and self employed people. Social Security actually has two main programs, the Old Age, Survivor and Disability Insurance (OASDI) program and […]
Spouses who do not work or who have substantially lower earnings than their spouse may be able to collect Social Security benefits based on their spouse’s earnings. Below is a common question about spousal benefits.
As Baby Boomers are getting closer and closer to retirement, they have many questions about Social Security retirement benefits, such as… Will Social Security be there for me when it’s my time to retire? We’ve heard for years that Social Security is going broke. Millions of Americans rely on Social Security to fund all or […]