With their retirement on the horizon, baby boomers must be well-informed about the changes and provisions that will impact their Social Security benefits. From adjustments in the full retirement age to variations in the earning thresholds, they should stay current to make informed decisions regarding their financial security.
Category: Social Security
Retirees: Stepping Up for Fraud Prevention – An Essential Guide
Discover how retirees can empower themselves and their communities in the fight against fraud. Learn about the importance of understanding fraud, harnessing technology, securing personal information, financial vigilance, identifying investment scams, promoting fraud awareness, and reporting fraud promptly.
The Challenge of Housing Insurance for Retirees in Florida
This article explores the unique challenges retirees face when securing housing insurance in Florida, such as natural disasters, building codes, high living costs, and limited options, and offers potential solutions for a worry-free retirement.
The Harsh Truth About What Role Social Security Will Play In Retirement
When preparing for retirement, it’s crucial to have realistic expectations regarding the amount of financial support you can expect from Social Security benefits. Many people consider Social Security a significant part of their retirement income. It’s important to remember that you can only access these benefits once you turn 62, and you must have contributed to the Social Security system for many years to earn them. However, once you start receiving benefits, they will last for the rest of your life.
Biden’s Simple Plan to Improve Social Security
Social Security is in jeopardy. Many know it, including the program’s trustees, who recently stated that Social Security would become bankrupt one year earlier than predicted.
Debunking Common Misconceptions Retirees Have About Charitable Tax Deductions
Discover retirees’ common misconceptions about charitable tax deductions, and learn how to make informed decisions to maximize tax benefits while giving back to society.
Why Eliminating The Earnings Test Could Have A Positive Affect On Social Security
Firstly, an earnings test is a policy that limits or reduces benefits paid to individuals based on their income or assets. In the context of social security programs, an earnings test is often used to limit benefits paid to high-income individuals while providing full benefits to low-income individuals.
Understanding Social Security Benefits When Retiring Abroad
Explore how Social Security benefits work for U.S. citizens retiring abroad, including eligibility, payment options, taxes, Medicare coverage, and more.
Is Increasing The Retirement Age The Right Answer?
Many policymakers and experts have proposed raising retirement age to address the financial challenges an aging population poses. While there are potential benefits to raising the retirement age, such as increased economic productivity and reduced strain on government resources, there are also several drawbacks to consider.
Retirement Age Increase or Higher Taxes? What You Need to Know About The Reform of Social Security
French workers are flocking to the streets to protest President Emmanuel Macron’s pension reforms, which include an increase from 62 to 64 years old for the country mandatory retirement age. There were protests last week with over a million people in attendance, waste has piled up since trash collectors are on strike, and public transportation has been severely impacted.
