2017 Social Security Changes Announced The Social Security Administration recently announced their 2017 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know 2017 Social Security Changes Announced The Social Security Administration recently announced monthly social security and supplemental security income benefits (SSI) will increase slightly in 2017. This increase is based upon the Consumer Price Index over the past 12 months ending in September 2016. On the other …Read More
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Social Security: know the variables … run your math When to start taking Social Security Benefits is anything but simple. So where does one start? Start by understanding the key variables that can impact the amount you receive. Here are some of the keys.
Beware the Tax Torpedo – Large retirement account balances can cause Social Security tax problems A big surprise can occur when you see your Social Security Retirement Benefits being subject to income tax. This “tax torpedo” is often triggered by Retirement Account distributions. Are you prepared for this?
Social Security recently announced planned benefit increases for 2014. Now is the time to plan for these changes. The Social Security Administration recently announced monthly social security and supplemental security income benefits (SSI) will increase in 2014 by 1.5%. This increase is based upon the Consumer Price Index over the past 12 months ending in September 2013. In addition, other figures based on the national average wage index will also …Read More
You are the only one that can confirm the accuracy of your Social Security earnings record. Without timely correction of any errors, you may be short-changing yourself when benefit checks start. Thankfully SSA’s on-line tools make it easier than ever to check your statement. Most of us go through life without being concerned with, or ever checking on, our Social Security records. We assume the money deducted each payday and …Read More
Rebalancing your portfolio when you get older makes sense. So does anticipating for these possible tax surprises during your retirement years. You’ve got it all planned out. Your retirement savings plans are full, you have started receiving Social Security benefits, and your Pension is ready to go. Everything is planned, what could go wrong? Here are five surprises that can turn your plan on a dime. 1. Health emergency and …Read More
The taxability of Social Security Benefits can be confusing. In fact the taxable nature of your benefits should include a discussion of benefit reductions when you decide to receive these benefits prior to your full retirement age. Here is what you need to know. When it comes to retirement many Americans believe they can count on their full Social Security benefits as a core element of income. You can imagine …Read More