In 1935, the Full Retirement Age (FRA), was 65. At this age a person became eligible to collect the full Social Security benefit amount. Fast forward to recent times and future Social Security recipients are faced with a different reality.…
In 1935, the Full Retirement Age (FRA), was 65. At this age a person became eligible to collect the full Social Security benefit amount. Fast forward to recent times and future Social Security recipients are faced with a different reality.…
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…
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…
Under the new Biden administration the future of Social Security and Medicare President Joe Biden has proposed reform and expansion of both that go well beyond addressing solvency. The Social Security Problem A solvency problem that may be years out…