Delaying the start of Social Security benefits is a powerful way for retirees to cope with inflation, survive bad investment markets and reduce the risk they’ll run short of money. The advantages of waiting are so great that financial planners often recommend their clients tap other savings, such as retirement funds, to help them delay…
No Relief on Taxation of Social Security Benefits
By Joy Taylor From Kiplinger’s Personal Finance Question: Given the high rate of inflation, does that mean the income limits for avoiding taxes on Social Security benefits will be going up now? Answer: Although many income-tax breaks and income levels are indexed to inflation each year, some important ones are not. And taxation of Social…
Be Prepared
I got an email from a woman who had recently filed for widow’s benefits. She was writing to tell me that the process went very smoothly, and her benefits started within weeks of her application. She said one of the reasons things went so well is that she had done her homework and was prepared…
Capitol Report: House Democrats Release Trump’s Tax Returns; NBA Honors CCP Ambassador
December 30, 2022
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The results of a years-long probe into the finances of former President Donald Trump was made public today. A Democrat-led house committee released the former president’s tax returns for the past 6 years—how is the former president responding? To assess the latest surrounding Trump we’ll have the founder of the Center for Security Policy, Frank…
Divorced? You May Still Be Eligible for Spousal Benefits
By Sandra Block From Kiplinger’s Personal Finance The wage gap between men and women has narrowed in recent years, but many women still earn less than their spouses, particularly if they took time out to care for their family. This discrepancy can be particularly difficult for divorced women who earned less than their former husbands…
Should You Collect Social Security at 62? Pros and Cons
Whether to collect Social Security at 62 depends on your individual circumstances. There are many reasons that you may want to collect Social Security early. But what are the benefits of signing up for benefits at 62? And does it really hurt in the long run? Here are some pros and cons of collecting Social…
For Spouses, Claiming Social Security Is a Joint Decision
By Sandra Block From Kiplinger’s Personal Finance Getting the most out of your Social Security benefits could significantly improve your retirement security, and if you’re married, it’s not a decision you should make in a vacuum. Before you and your spouse file for benefits, you should consider a host of factors, including your respective earnings…
Upcoming Changes to Social Security You Can Appreciate
December 16, 2022
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Some of the highest inflation rates in the United States for decades occurred in 2022. Although costs have skyrocketed this year, making things financially tight for many people, it also has a good side—for next year. The abnormally high rate means that the annual cost-of-living adjustment (COLA) made by the Social Security Administration (SSA) will…
When Will You Retire?
November 6, 2022
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By Elliot Raphaelson From Tribune Content Agency In a recent edition of Financial Planning magazine, there was an interesting column written by Nathan Place that discussed some of the reasons that Americans are retiring later. I’ll discuss some of these factors below. One of the primary reasons people are putting off retirement is changes to…
LIVE NOW: Sept. Inflation Up More Than Expected; WH Asked Saudis to Delay Oil Cuts by 1 Month | NTD Business
New consumer price numbers released today. Bad news is, inflation is likely not going down anytime soon. Good news for people on Social Security: They are going to see the biggest increase in four decades next year. A major U.S bank is cutting ties with Kanye West and his business after the rapper posted some…
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