Hate the Idea of Paying Taxes on Your Social Security? Here’s 1 Potential Way to Get Out of Them
Taxes are, unfortunately, a part of life. And by the time you get to retirement, you may be used to them. But it’s one thing to pay taxes on things like your salary or even retirement plan withdrawals. It can feel like another thing entirely to pay taxes on your Social Security benefits. Start Your […]
A Few Social Security Changes Are Starting in April. Here’s What Recipients Need to Know
Social Security isn’t always the easiest program to navigate because it’s constantly going through changes. Some changes are expected, such as cost-of-living adjustments, wage base limit adjustments, and retirement earnings test threshold changes. Other changes are unexpected and can happen seemingly at the drop of a dime based on legislative moves. And there has been […]
Seniors Beware: These Real Estate Scams Are Aimed at You
Given the value of real estate since COVID turned the housing industry on its head, it’s no surprise that scammers want a piece of the action. However, they have no interest in going the honest route. They want to trick others out of their valuable property, and though homeowners of all ages are at risk, […]
3 Signs It’s Time to Come Out of Retirement
Recently, I had a conversation with a friend’s father, who’s in his late 60s and has been retired for a handful of years. I was asking him how retirement was going, and his response was pretty lukewarm. While he was happy to not have to go into work every day, he admitted that he wasn’t […]
Is It Better to Collect Social Security at 62, 66, or 70? An Extensive Analysis Offers a Very Big Clue.
For most Americans, Social Security income helps forge their financial foundation. The Center for Budget and Policy Priorities estimates 16.3 million adults aged 65 and over were pulled above the federal poverty line in 2023 because of their monthly Social Security check. Meanwhile, between 80% and 90% of annually surveyed retirees by Gallup note their […]
