Will Social Security Automatically Enroll You At 70: Avoid Costly Mistakes

Will Social Security Automatically Enroll You At 70: Avoid Costly Mistakes

Many seniors wonder if they Will Social Security Automatically Enroll You At 70? The answer is no, so if you’re approaching this milestone, you’ll need to take action yourself. One nice feature of Social Security is that it doesn’t lock all seniors into one specific filing age. You can claim benefits as early as age … Read more

85% of Americans Willing to Raise Tax to Save Social Security

85% of Americans Willing to Raise Tax to Save Social Security

Social Security is a crucial part of retirement security for millions of Americans. However, with a funding shortfall threatening future benefits, many are looking for solutions. A recent survey highlights that Americans Willing to Raise Tax to Save Social Security far outnumber those who support benefit cuts. This signals strong public backing for tax-based solutions … Read more

Steps to Make Before Retiring in 2025: Avoid These Mistakes!

Steps to Make Before Retiring in 2025

Retirement is a major milestone, and if you plan to retire in 2025, there are crucial Steps to Make Before Retiring in 2025 and secure your financial future. From reviewing your savings to deciding on Social Security and having a backup plan, careful preparation can help you avoid financial stress. Making these key moves now … Read more

Government Shutdown Could Affect Social Security Checks: SSA Confirms

Government Shutdown Could Affect Social Security Checks: SSA Confirms

Many people have been concerned about whether a Government Shutdown Could Affect Social Security Checks. According to the Social Security Administration (SSA), benefits will continue, but some agency functions may be disrupted. In the U.S., one in five elderly individuals depends on Social Security for at least 90% of their income. While benefit payments are … Read more

The Main Reason for Applying for Social Security at the Age of 70

The Main Reason for Applying for Social Security at the Age of 70

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

3 Times It Delay Your Social Security Claim

3 Times It Delay Your Social Security Claim

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

How to Prepare for a Social Security Shortfall? Here are 3 Ways

How to Prepare for a Social Security Shortfall: Here are 3 Ways

Many Americans rely on Social Security to cover their expenses in retirement. However, there’s a potential issue ahead. The Social Security Administration (SSA) warns that by 2033, the program’s trust funds could run out, leading to a 21% cut in benefits. This means if you currently receive $1,000 per month, it could drop to about … Read more

6 Social Security Changes Americans Want to See

6 Social Security Changes Americans Want to See

Social Security is facing a huge financial challenge. Experts estimate that its trust funds could run out in less than ten years. If nothing changes, benefits might be cut by about 25%. While that worst-case scenario is unlikely, the government still needs a solution. Let’s explore what 6 Social Security changes Americans want to see. … Read more

Millions of Retirees Set to Receive Higher Social Security Benefits

Millions of Retirees Set to Receive Higher Social Security Benefits

The Social Security Fairness Act has finally been signed into law, bringing a much-needed of over 3 millions of retirees set to receive higher Social Security benefits. This change is especially important for public employees who rely on pensions but were previously impacted by benefit reductions.  While the law is a major victory, its implementation … Read more

Baby Boomers Will Drain Social Security Funds?

Baby Boomers Will Drain Social Security Funds

With around 76 million baby boomers in the U.S., many people worry about the future of Social Security. As this generation retires, some fear the Baby Boomers Will Drain Social Security Funds. But is this the case?. Many believe Social Security will run out of money in the next 10 years. This fear comes from … Read more