New consumer price numbers have been released. The bad news is, inflation is likely not going down anytime soon. Good news for people on social security: They are going to see the biggest increase in four decades next year. A major U.S. bank is cutting ties with Kanye West and his business after the rapper…
Sept. Inflation Up More Than Expected; WH Asked Saudis to Delay Oil Cuts by One Month | NTD Business
How COVID-19 has Impacted Retirement
I’ll be the first to admit it. I’m exhausted by COVID-19—just as I’m sure that you are. But, that doesn’t mean you should completely ignore it. If you do, you may not only be putting your physical health in jeopardy but also your financial future. The pandemic has caused job loss or a reduction in hours. In…
When a Breadwinner Dies: Applying for Survivors Benefits
July 16, 2022
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Families often rely on one person to bring in the income that sustains the household. When the family’s breadwinner dies, the loss is felt deeply. Compounding the family’s grief is the question of how to meet their daily needs. This can quickly become a serious issue. Under certain conditions, the survivors may be able to…
Social Security Benefits Are Not Prorated
June 21, 2022
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Q: It has always puzzled me why Social Security takes back a person’s Social Security check for the month he or she dies. My aunt died in April, and as her executor, I was counting on using her last Social Security check to pay off some of her bills. But the government took that money…
5 Ways to Maximize Your Social Security Payments
June 15, 2022
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By James Royal From Bankrate.com Social Security provides a secure, fixed income to retirees and others, helping many to afford their golden years. Given the fact that you get reliable money for the rest of your life, many people want to max out their monthly check. But how do you do that? Broadly speaking, you…
How Social Security Works for Business Owners
Social Security is a government-backed retirement program. Workers across the country pay a Social Security tax each year in exchange for a payment each month in retirement, or if disabled in some cases. This retirement fund isn’t quite a guarantee. For the most part, workers from all backgrounds can count on social security. Still, there…
Should You Delay Social Security?
For many Americans, the age of 62 is a noteworthy milestone. At this age, those paying into Social Security are first eligible to draw from their benefits. Because of the crucial role that Social Security checks play in many Americans’ retirement, the age of 62 often becomes the magical age where many finally choose to…
Social Security for Divorced Women
My wife and I and a group of our neighbors were chatting the other day, and it dawned on us that there are eight houses in a row on our block in which each of the couples has been married for more than 50 years! Well, not quite. My wife and I are the “newlyweds”…
Don’t Blame the Government — Blame Yourself
May 10, 2022
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Sometimes people will write to me complaining that the government, specifically the Social Security Administration, has messed up and cheated them out of benefits they might have been due. But many times, the fault (to trivialize a famous line from Shakespeare’s play, “Julius Caesar”) is not in our government, but in ourselves. Here are some…
Social Security: Protective Filing Dates
This is going to be a column about a special procedure that the Social Security Administration routinely uses that is intended to help people by protecting their rights to possible benefits. It’s called a “protective filing date.” In a nutshell, if you contact the SSA and tell them you intend to file for some kind…
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