Social Security Changes for 2020: Raises, COLA, Taxes, Benefits

My Comments: Virtually all of us now retired depend to some degree on our Social Security retirement benefits. To suggest otherwise is silly. It’s now so ingrained in our financial lives that to maintain our standard of living, we must make sure we continue to receive those monthly benefits. That’s true no matter how much …

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Social Security: File Early of Later?

For millions of us, a monthly check for the rest of our lives has real meaning. We’ve paid into the system for years and for better or worse, we want our promised benefits. I have no idea if you consider yourself a “senior”. As I was passing through middle age, a “senior” was someone with …

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10 Things to Know About Social Security in 2020

My Comments: As the article states, 64 million people receive a benefit payment every month, keeping at least 22 million of us above the federal poverty line. Beyond that, the article from Sean Williams speaks for itself. By Sean Williams \ 10 NOV 19 \ https://tinyurl.com/vm5dp2k Social Security is undeniably our country's most important social …

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4 Social Security Myths That Need to Die

My Comments: Again, since today is Tuesday, here’s something about Social Security that needs to be read and understood if you have not yet applied for retirement benefits. And even if you have, if it was in the last 12 months, you get a one-time do-over. Social Security can get really complicated if you let …

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Understanding Social Security Survivors Benefits

My Comments: Today is Tuesday, which is when I typically post something about Social Security. Of all the sources of income you are likely to enjoy in retirement, Social Security is hands down the most valuable income source to millions of Americans in the years to come. For those of us married participants, survivor benefits …

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10 Social Security Rules Everyone Should Know

My Comments: Call me a Socialist if you must, but know that my Social Security check every month, along with my wife’s, is critical if we expect to sustain our standard of living. Where we are today is largely a function of how we arrived at this point over the past 50 years. When you …

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Five Facts About Social Security

I’ll say it once again: Social Security is a fundamental source of retirement money for millions of Americans every month. To the extent those of us receiving money from the system want and need it to continue, we represent a massive voting block to make sure it continues to benefit us as before. My source …

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