1 Big Social Security Change Coming This Summer
The Social Security Administration, or SSA, recently announced that Social Security cards are going digital this summer — well, sort of. In this video, Certified Financial Planner® Matt Frankel discusses what we know, and what we don’t. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best […]
Some Seniors Affected by the Social Security Fairness Act Could Be Getting Short-Changed. How to Know if You’re One of Them.
If you’re on Social Security, you may have heard that 3.2 million Americans are due a benefit increase thanks to the passage of the Social Security Fairness Act. This law removed a key provision that had restricted benefits for those who receive a pension from employers that don’t pay into Social Security. It also eliminated […]
Is Social Security Going Broke? No — but You May Want to Pretend It Is.
A program as important as Social Security is apt to work its way into the news somewhat often. And sometimes, that news just isn’t positive. Social Security has been in the news a lot lately in the context of procedure changes and potential office closures. But current events aside, the program’s financial situation is often […]
Don’t Use Auto-Pay Until You Check This Credit Card Setting
Image source: Getty Images Whenever I get a new credit card, the first thing I do is set up auto-pay. Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today – enjoy peace of mind with competitive rates. It’s a no-brainer — it […]
4 Unexpected Problems Early Social Security Claimers May Face
The benefits of claiming Social Security early are obvious. You receive your maximum number of checks, and you might be able to retire earlier than you could without your benefits. For some, that’s reason enough to fill out their application as soon as they can. But there are drawbacks to claiming Social Security early, too. […]
President Donald Trump Just Called for a Drastic Social Security Change — but It Comes With Unintended Consequences
In March, more than 52 million retired workers took home an average Social Security benefit of nearly $2,000. While this is a relatively modest monthly sum, this income has proved vital to helping retirees make ends meet. Since 2002, Gallup has been conducting annual surveys to decipher how important the income retirees receive from Social […]
Will $1.26 Million Buy You Your Dream Retirement? Americans Think So.
Hopefully by now, you’ve heard that it’s a bad idea to try to retire on Social Security alone. For one thing, those benefits are at risk of being cut if lawmakers don’t find a way to boost Social Security’s revenue. But also, even without benefit cuts, Social Security might only replace about 40% of your […]
