Jatin Khanna
Social Security benefits are influenced by multiple factors, and applying for Social Security at the age of 70 can significantly impact the amount you receive. The decision to delay benefits until 70 ensures a larger monthly payment, which can be beneficial for long-term financial stability. While the right age to claim benefits varies depending on … Read more
If you’re wondering whether to wait before claiming Social Security, there are 3 Times It Delay Your Social Security Claim can be beneficial. Delaying benefits can result in a larger monthly paycheck, which can help if you lack savings, are still working, or expect to live a long life. Many retirees don’t realize that there … Read more
the idea that Congress stolen trillions from Social Security is a myth. Social Security funds are legally invested in government bonds, ensuring they remain accounted for. The real issue lies in demographic shifts and a growing funding shortfall, which could lead to benefit cuts by 2033 unless Congress takes action. The Reality of Social Security’s … Read more
Russell Gloor(National Social Security Advisor at the AMAC Foundation): I’ve heard that Social Security funds were moved to General Fund of the government. Does this mean Social Security is now an entitlement controlled by the government? Many believe that these funds should be invested to grow our savings rather than being handled by the government. … Read more
Planning for the future isn’t easy, and Retirement Savings Challenges for Americans have made it even harder to secure a stable financial future. Many workers struggle with balancing daily expenses while trying to build a sufficient retirement fund, often falling short of recommended savings goals. Understanding these challenges is crucial to making smarter financial decisions. … Read more
No matter how much you earn, you probably want to keep as much of your income as possible. The good news is that there are 3 smart ways to reduce your taxes legally, allowing you to save more money while staying compliant with IRS rules. Here’s how you can lower your tax bill this year. … Read more
The Social Security Administration (SSA) has made it easier than ever to apply for benefits online. Through the official website, SSA.gov, individuals can access various programs, including five benefits you can apply for on the Social Security website: retirement, disability, Supplemental Security Income (SSI), Medicare, and prescription drug assistance. If you’re looking to apply for … Read more
With the rising cost of living, SSDI & Social Security Payments in 2025 are increasing. Due to a 2.5% Cost-of-Living Adjustment (COLA), some beneficiaries may receive up to $3,250 or more per month. Understanding eligibility, payment calculations, and schedules can help ensure you receive the maximum benefits. Key Highlights of SSDI & Social Security Payments … Read more
Consider the risks Before borrowing from your 401(k), like early withdrawal penalties and lost retirement growth. While it may seem convenient, alternatives like personal loans or credit cards with 0% rates might be safer. Consult a financial advisor to make the best decision for your future. The Good Side of a 401(k) Loan One of … Read more
Understanding your Required Minimum Distributions in 2025 is important because getting it wrong could cost you. If you have retirement savings in a 401(k) or an IRA, you can avoid paying taxes upfront when you contribute, letting you invest more today. But eventually, the government requires you to start withdrawing from your account, which means … Read more