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…
January 24, 2021
Do Stimulus Checks Increase the Tax on Social Security Benefits?
Coronavirus and Your Money

Do Stimulus Checks Increase the Tax on Social Security Benefits?

The answer to this question comes down to whether a stimulus check increases "provisional income."
January 12, 2021
Is a Fix Coming Soon for Social Security?
Smart Buying

Is a Fix Coming Soon for Social Security?

Social Security has funding problems the COVID-19 pandemic has made worse. What are the prospects for the next Congress and administration doing somet…
January 12, 2021
10 Things Social Security Recipients Need to Know About Their Second Stimulus Check
social security

10 Things Social Security Recipients Need to Know About Their Second Stimulus Check

It's a bit more difficult for Social Security recipients to learn the ins and outs of second-round stimulus checks, since there are a few special rule…
January 4, 2021
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 almost here. Here's how you can claim your…
November 18, 2020

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Big Changes Likely for Social Security, Medicare Under a Biden Presidency
Making Your Money Last

Big Changes Likely for Social Security, Medicare Under a Biden Presidency

The new president and a fresh Congress will sooner or later have to face the twin safety net programs, both sorely in need of help.
November 10, 2020
What Happens to Medicare If the Affordable Care Act Is Overturned?
Medicare

What Happens to Medicare If the Affordable Care Act Is Overturned?

Experts say if the ACA is repealed or rescinded "it would be devastating for Medicare." Here's what might happen -- and how it could be costly for you…
November 4, 2020
What Is the Social Security COLA?
retirement

What Is the Social Security COLA?

For the average recipient, the 2021 monthly increase won't even cover a fill-up at the gas station — but it beats nothing.
October 27, 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
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
10 Worst Things to Keep in Your Wallet
Scams

10 Worst Things to Keep in Your Wallet

Storing your passport book or card, a spare key, or any of these other important items in your wallet leaves you open to identity theft -- or worse.
October 9, 2020
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
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