New proposals on Capitol Hill aim to fix Social Security funding problem. The funds uses to pay benefits are running low. Benefit cuts are the most talked about solution but benefit cuts are not a certainty. Right now, multiple options…
New proposals on Capitol Hill aim to fix Social Security funding problem. The funds uses to pay benefits are running low. Benefit cuts are the most talked about solution but benefit cuts are not a certainty. Right now, multiple options…
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…
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…
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…
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…
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…
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…
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…
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…
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…