Tag: Social Security
Social Security faces a more immediate threat than running out of money in 2034. The Washington Post has reported in “Closed Social Security offices, furloughed staff under GOP cuts, agency warns,” that it is possible the Social Security Administration may not receive the funds it needs to operate in next year’s budget. The Social Security […]
Being wrongly placed on deceased list can be a problem. The Social Security Administration mistakenly places the names of living people on the deceased list, according to an NPR report “Social Security Data Errors Can Turn People Into The Living Dead.” When a person passes away his or her name, birth date and Social Security […]
Social Security may run out of money in 2034 unless a solution is found to shore it up. Boosting taxes on the wealthy is proposed, but its success is questioned. The effectiveness of raising taxes on the wealthy to keep Social Security operating has been questioned, according to an article in Trust Advisor “Can Taxing […]
Government recommendations may fix retirement but larger tax bills may loom. A bipartisan commission has come up with some proposals that may ease the problems of retirement but that fix may not be easy, according to Bloomberg in “High Earners Are Going to Hate These Retirement Proposals.” Since not everyone plans for a comfortable retirement, […]
Some benefit increasing strategies remain despite the loss of file and suspend. The file and suspend Social Security strategy ended April 29, 2016 but other options remain as discussed in Investopedia’s “Alternative Strategies to File and Suspend.” The first option is known as a restricted application. This is a limited option allowing those whose spouses […]
Japan’s aging population creates need for corpse hotels in residential areas. An increasing elderly population and a real estate shortage have overwhelmed Japan’s crematoriums and there is scarce land for building new crematoriums. The country’s solution is to allow what are being called corpse hotels as reported by AOL in “Japan’s corpse hotels upset some […]
While it is common knowledge that Social Security is in trouble, not everyone knows why. Social Security has many sides that include the good and the bad. On the good side is the fact that Social Security will not run out of reserves until 2034 and on the bad side it will run out unless […]
The Social Security Administration has issued a new policy on explaining why a special needs trust was rejected. The Social Security Administration has moved to clear up some of the difficulties that have arisen in the past when a special needs trust for a Supplemental Security Income recipient was rejected without an explanation. A report […]
It is important for most seniors to plan for and receive the largest possible benefit from Social Security. Since many people do not understand the Social Security system, they often do not receive the largest possible benefit check despite having worked most of their lives and contributing to the system. The Motley Fool recently offered […]
Think you know enough about Social Security to make the best decision about when to claim your benefits? The catch is, when the same folks took an eight question quiz about crucial Social Security rules, just 5% got all the answers right. Did you know that only about a quarter of workers age 55 and older are […]
