Don’t take a non-expert’s advice on when to claim Social Security benefits — they don’t know everything about your unique situation.
Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.
A recent Social Security report showed a strong economy has helped the program. Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner. Many Americans have a misplaced worry that benefits will disappear. “The biggest myth about Social Security is that when the trust fund runs out, the […]
Freeze your credit, and don’t be afraid to ask for help or use free, online resources, experts say.
The trustees for Social Security have just issued their annual report. And, as we have learned annually over recent years, the system cannot meet its Read More
The trustees for Social Security have just issued their annual report. And, as we have learned annually over recent years, the system cannot meet its obligations. According to this latest report, the Social Security system will not be able to meet its obligations to retirees by 2035. In 2035, the system will be adequate to meet just 83% of its obligations. This is supposedly good news because the projected shortfall occurs one year later than reported last year. But the change simply reflects...
The trustees for Social Security have just issued their annual report. And, as we have learned annually over recent years, the system cannot meet its obligations. According to this latest report, the Social Security system will not be able to meet its obligations to retirees by 2035. In 2035, the system will be adequate to meet just 83% of its obligations. This is supposedly good news because the projected shortfall occurs one year later than reported last year. But the change simply reflects...
You may or may not have to pay back any extra Social Security money you were sent.
Social Security offers retirement income that can never run out, and would-be retirees have many smart strategies to max out their lifetime payout from the program. But they have quite a few ways to mess up their retirement benefits, too, from basics such as not following the rules or not planning to more complex screw-ups […]
As a rule, you shouldn't freak out about a single presidential poll. There are almost six months left until the 2024 election, and everything from the verdict in Donald Trump's hush money trial to the national conventions to some unforeseen event may have an effect. That being said, there's still valuable information that can be gleaned from polls, especially ones that zero in on the battleground states and key demographic groups. But I've gotten a lot of questions from concerned Democrats...
Social Security just expanded access to Supplemental Security Income (SSI) benefits and reduced the administrative burden for low-income households.
To plan smart for retirement, estimate your Social Security benefits years before you'll need the money. Here's how to do it.