Social Security

Will a government pension reduce my Social Security benefits?

Posted on: February 18th, 2018
If you earned a government pension from a job not subject to Social Security tax withholding ("noncovered employment") and are also eligible for Social Security benefits through a job where Social Security taxes were withheld, two provisions might reduce your benefits: the windfall elimination provision (WEP) and the government pension offset (GPO). ...

How does working affect Social Security retirement benefits?

Posted on: February 18th, 2018
If you're thinking about working as long as possible to increase your retirement savings, you may be wondering whether you can receive Social Security retirement benefits while you're still employed. ...

Social Security Beneficiaries Will Receive a 2% Increase in 2018

Posted on: November 6th, 2017
In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums....

Four Social Security Myths Debunked

Posted on: June 5th, 2016
There are a lot of misconceptions surrounding the Social Security system. Here are four common myths and the truth about how Social Security works and its future prospects....

Last Chance to Use File and Suspend Strategy for Claiming Social Security Benefits

Posted on: March 1st, 2016
Time is running out to use a potentially very lucrative Social Security benefits-claiming strategy. Spouses will no longer be able to use the "file and suspend" strategy after April 29, 2016. Beware, however, that the new rules are causing confusion at some Social Security offices....

Changes to Social Security Claiming Strategies

Posted on: January 1st, 2016
The Bipartisan Budget Act of 2015 included a section titled "Closure of Unintended Loopholes" that ends two Social Security claiming strategies that have become increasingly popular over the last several years. These two strategies, known as "file and suspend" and "restricted application" for a spousal benefit, have often been used to optimize Social Security income for married couples....
Posts: 1 2 3 All