The prediction for Social Security cost of living adjustment (COLA) for 2023 is 8.7%. Learn why this might almost feel like enough.
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Here is what you need to know about Social Security and working: taxes, penalties, when to start benefits, and when to stop work.
The post Social Security and Working: Everything You Need to Know appeared first on NewRetirement.
There’s tax advice available on TikTok. Is it worth following? Does it miss the big picture? Retirement Saving Through Various Forms of Life Insurance TikTok tax advice often boils down to something like the following: don’t save in traditional retirem...
I thought figuring out when to claim Social Security would be one of the more complicated decisions we’d have to make in retirement. I was wrong. In less than 15 […]
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How safe is Social Security? Should you count on it for your retirement planning? Here's why I absolutely believe it can be counted on. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! How safe is Social Security? I hear a lot of people say, “You can't count […]
The post 5 Reasons to Not Give Up on Social Security appeared first on Passive Income M.D..
Introduction Worried about an early retirement based on the Four Percent Rule? Might the 4% Rule work because of natural backstops most early retirees enjoy? The 4% Rule The 4% Rule is a rule of thumb developed by the FI community. For example, J...
Yes. You will likely pay taxes on Social Security. Learn what to expect (federal, state or work) and find a retirement tax calculator! Learn more now...
The post Taxes on Social Security: Don’t Get Taken for a Wild Ride appeared first on NewRetirement.
I can’t retire early! I’ll destroy my Social Security! Is that true? What happens to Social Security benefits when retirees retire early? Are significantly reduced Social Security benefits a drawback of the financial independence retire early (FIRE) mo...
Recent History In Part 28 of the Pension Series, I stated that age, tenure, and (in some cases) gender mattered more than any singular pension design element during a pensionable worker’s Golden Albatross pension decision. I based that statement ...
As far as a topic goes, the death binder is a bit grim and tedious but also necessary. The post Death Binder 2.0: The Pensioner’s Edition appeared first on The Golden Albatross.
Your benefits are determined by your Full Retirement Age (FRA), your benefit amount and FRA and the age when you decide to start benefits.
The post Full Retirement Age: Is it the Best Time to Start Social Security Benefits? appeared first on NewRetirement.
If you're in your 20s or 30s, can you count on Social Security benefits in 40 or 50 years? Half of Millennials say "no". Here are the facts.If you're in your 20s or 30s, can you count on Social Security benefits in 40 or 50 years? Yes and no. It's like...
Yes, you can get Social Security retirement benefits and work at the same time.
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The Social Security Administration is predicted to announce a big Social Security benefit increase for 2023. Beginning next January, Social Security paychecks are currently predicted to show a Cost of Living Adjustment (COLA) of 8.7%. This is a huge bump over the modest 1.3% increase that was awarded in 2021 and even a pretty big…
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Steve and Mike discuss Social Security planning, Roth conversions, and retirement account distributions.
The post Podcast: Mike Piper — Social Security and Tax-Efficient Retirement Planning appeared first on NewRetirement.
When will Social Security run out? Medicare? The COVID-19 crisis may cause these programs to become insolvent in the very near future.
The post Will Social Security Run Out? What Does a Shortfall in 2033 Really Mean? appeared first on NewRetirement.
What's the highest Social Security benefit? Will you qualify? Get easy answers for a wealthier retirement.
The post How to Qualify for the Highest Possible Social Security Benefit appeared first on NewRetirement.
How to apply for Social Security is very straightforward. In fact, applying is perhaps too easy for such a very important decision. The more important and complicated question is: When to apply? But, let’s get started with the easy part… 6 Steps to Apply for Social Security Just follow these 6 steps… Step 1: Make…
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Living on Social Security alone really is possible. Get the scoop on 11 ways to make it work for your situation. Read now!
The post 11 Ideas for Living on Social Security Alone appeared first on NewRetirement.
Choosing the right Social Security strategies can be a $100,000 (or more) question. Find out how to make the most of this benefit with 16 easy tips.
The post Social Security Strategies: 16 Easy Tips for Making the Best Decisions appeared first on NewRetirement.