Future beneficiaries do not know whether current and future beneficiaries will have a Social Security Trust Fund to collect from or not. Social Security is primarily financed through payroll taxes and from Old-Age and Survivors Insurance (OASI) Trust Fund receipts, but current payroll taxes are insufficient to cover all benefits. The OASI fund fills the … Read more
Weeks of speculation are over. The Social Security Administration has confirmed the adjustment in monthly income that would affect beneficiaries in any of the four broad categories, Whether Retired or Survivor, Disabled or SSI. The majority of retired Americans stressed by the dependence on social security benefits expect to receive such payments on a monthly … Read more
One of the most important things Americans have to do prior to applying for Social Security benefits is save for retirement. The average retirement savings balance for Americans across all age groups is $89,300, current. It’s not an ideal number, but it’s understandable, as most people can still have decades to accumulate retirement savings. … Read more
Social Security benefits are so simple, right? They’ve been going a long time; there aren’t that many changes, so people aren’t really paying that much attention and it’s hard enough to understand without research that many people don’t know what choices they have. We often picture Social Security as retirement benefits, but not all children, … Read more
Now, attempting to get the highest Social Security payment of $4,873 per month in October is challenging but doable. If you meet these requirements, you can add an immeasurable boost to your retirement income from the Social Security Administration (SSA). The payment date for retirees who become eligible in October will be different across the … Read more
Social Security Retirees: The Social Security Administration (SSA) sends new checks to people across the United States every month. But do you know that there is one more on top of which could reach a bonus of up to a meager $943? This advantage is not limited to retired persons only; some Americans can get … Read more