Stimulus Checks and Social Security | Part 3

Supplemental Security Income recipients without dependent children should have received stimulus payments automatically, without having to file any additional paperwork. The same is true for people who receive Compensation and Pension benefits from the Department of Veterans Affairs. What about

Stimulus Checks and Social Security | Part 2

Your gross income (again, this differs from your AGI) includes income from selling your main home and gains (but not losses) reported on Form 8949 or Schedule D and from sources outside the US. Your gross income doesn’t include any

Stimulus Checks and Social Security | Part 1

Will the third payment eligibility requirements affect you? A third stimulus check is on the way. If you’re 65 or older, here’s what to know about qualifications, income, SSI and retirement, and what to do if you’re missing stimulus money

The Benefit Of IRAs and Social Security Together | Part 2

Retire Early The earliest age at which you can start collecting it is 62 and the latest is 70. This will effect social security in different ways, however. If you want to retire at, say, 60, you will have to

The Benefit Of IRAs and Social Security Together | Part 1

Here’s a look at what traditional and Roth IRAs are and three ways that they can be perfect supplements to your Social Security income. Traditional and Roth IRAs Traditional and Roth IRAs both offer tax-advantaged saving, but the tax breaks

Claiming An Ex’s Social Security: Be Aware Of Misconceptions| Part 2

Don’t Need To Wait For Ex To Claim To get your ex’s Social Security, they need to be eligible for benefits. That means they must be at least 62 with a minimum of 40 work credits, which is the equivalent

Claiming An Ex’s Social Security: Be Aware Of Misconceptions | Part 1

There are a lot of misconceptions about Social Security and divorce. Here are seven myths that are just plain wrong. Reduction Of Checks Is False A December 2020 Fidelity survey found that 52% of adults believed that someone’s ex-spouse could

Biden’s Plan for Social Security and Medicare | Part 4

Medicare Expansion It is important to stress that many social security disability claims are denied because of inadequate medical records and other information related to medical records such as Medicare enrollment. How will the new president effect Medicare and how

Biden’s Plan for Social Security and Medicare | Part 3

Medicare Solvency and Unsustainability of Medicare The relationship between Medicare and social security is a strong one. Medicare is not all financed in the same way thoughout as Medicare has multiple parts to it. The solvency issue comes from how

Biden’s Plan for Social Security and Medicare | Part 2

Biden also proposes several changes that I’d group together under the category of longevity insurance, with a goal of boosting benefits for older beneficiaries. This can be significant for clients who run the risk of running out of savings if