social security

13 States That Tax Social Security Benefits
social security

13 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on…
October 21, 2020
Waiting to File for Social Security Benefits Is Hard, but Payoff Is Sweet
social security

Waiting to File for Social Security Benefits Is Hard, but Payoff Is Sweet

Your piece of the Social Security pie will be bigger each month for the rest of your life if you do.
October 21, 2020
No 2021 Social Security COLA Increase Likely
retirement

No 2021 Social Security COLA Increase Likely

Social Security benefits get a yearly boost to keep up with the cost of living — except when they don’t.
October 14, 2020
What You Need to Know about Social Security in a Pandemic and Recession
social security

What You Need to Know about Social Security in a Pandemic and Recession

Social Security benefits play an important role in retirement security, and they are being impacted by current events in several ways.
October 13, 2020
Social Security Cost of Living Adjustment (COLA) for 2021: 1.3%
Making Your Money Last

Social Security Cost of Living Adjustment (COLA) for 2021: 1.3%

For the average recipient, the monthly increase won't even cover a fill-up at the gas station — but it beats nothing.
October 13, 2020

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7 Things Medicare Doesn’t Cover
Healthy Living on a Budget

7 Things Medicare Doesn’t Cover

Medicare Part A and Part B leave some pretty significant gaps in your health-care coverage. Here's a closer look at what isn't covered by Medicare.
October 1, 2020
11 Costly Medicare Mistakes You Should Avoid Making
Medicare

11 Costly Medicare Mistakes You Should Avoid Making

If you don't make the right choices to fill in the health coverage gaps, you could end up with high Medicare premiums and big out-of-pocket costs.
October 1, 2020
How to Pick the Right Medicare Plans for You
Healthy Living on a Budget

How to Pick the Right Medicare Plans for You

As you're signing up for Medicare, you must learn the basics of Medicare Part A, Part B, Part D, medigap plans, Medicare Advantage plans and even doug…
September 30, 2020
3 Reasons to Wait Until 70 to Claim Social Security Benefits
social security

3 Reasons to Wait Until 70 to Claim Social Security Benefits

In a rush to file for Social Security benefits at age 62? Many people are, but slow down and do the math first.
September 29, 2020
Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check
Coronavirus and Your Money

Social Security Recipients, Veterans Must Act Now to Get Extra $500 Stimulus Check

The deadline for seniors and veterans to request an additional $500 stimulus check for a dependent child is approaching fast. See how you can claim yo…
September 25, 2020
What Trump's Payroll Tax Cut Will Mean for You
Tax Breaks

What Trump's Payroll Tax Cut Will Mean for You

President Trump issued an executive order to suspend the collection of Social Security payroll taxes. How much could it save you?
September 17, 2020
Uncle Sam’s Bite of Social Security
Financial Planning

Uncle Sam’s Bite of Social Security

Retirement surprise: As much as 85% of Social Security benefits are subject to tax when provisional income exceeds $34,000 on a single return or $44,0…
September 10, 2020
Qualifying for Social Security Spousal and Survivor Benefits
social security

Qualifying for Social Security Spousal and Survivor Benefits

A guide for spouses, ex-spouses, widows and widowers on their Social Security benefits and how to make the most of them.
September 8, 2020
A Kiplinger-Alliance for Lifetime Income Poll: Americans & Retirement Security
Financial Planning

A Kiplinger-Alliance for Lifetime Income Poll: Americans & Retirement Security

The majority of respondents in our poll would welcome more guaranteed income.
September 8, 2020
How Workers Face Double Taxation Under Trump's Payroll Tax Break
Tax Breaks

How Workers Face Double Taxation Under Trump's Payroll Tax Break

There's a catch if your Social Security payroll taxes are deferred under President Trump's recent executive order, which kicks in on September 1.
August 31, 2020
Deferred Payroll Taxes to Be Paid in 2021
Tax Breaks

Deferred Payroll Taxes to Be Paid in 2021

The IRS says Social Security payroll taxes that aren't collected this year under President Trump's executive order will have to be withheld and paid e…
August 29, 2020
2021 COLA: A Raise Likely for Social Security Recipients After All
Economic Forecasts

2021 COLA: A Raise Likely for Social Security Recipients After All

Fear of a flat COLA? Relax, looks like an increase is coming for 2021 Social Security checks.
August 24, 2020
Social Security Recipients Get More Time to Request Extra $500 Stimulus Check
Coronavirus and Your Money

Social Security Recipients Get More Time to Request Extra $500 Stimulus Check

The IRS is reopening the registration period for seniors who didn't receive the additional payment for dependent children earlier this year.
August 14, 2020
What a Payroll Tax Cut Would Mean for You
Tax Breaks

What a Payroll Tax Cut Would Mean for You

If Congress can't pass another stimulus bill, President Trump says he will initiate a payroll tax cut by executive order. How much would that save you…
August 8, 2020
Calculating Taxes on Social Security Benefits
social security

Calculating Taxes on Social Security Benefits

Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
August 4, 2020
Turning 60 in 2020? Expect Lower Social Security Benefits
Coronavirus and Your Money

Turning 60 in 2020? Expect Lower Social Security Benefits

When you file for Social Security, the amount you receive may be lower.
July 30, 2020
Did You Know You Can Start, Stop and Then Restart Social Security?
social security

Did You Know You Can Start, Stop and Then Restart Social Security?

Check out Social Security claiming strategies (some familiar and others you may never have heard of) that could help those in or near retirement durin…
June 29, 2020
14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
June 26, 2020
What's My Social Security Full Retirement Age?
social security

What's My Social Security Full Retirement Age?

Your full retirement age is the age at which you are eligible to receive 100% of your Social Security retirement benefit. When the Social Security Act…
June 18, 2020
Will Your Stimulus Check Increase the Tax on Your Social Security Benefits?
income tax

Will Your Stimulus Check Increase the Tax on Your Social Security Benefits?

It comes down to whether your stimulus check will boost your "provisional income."
June 18, 2020