Social Security Report » Headlines

For many folks, it’s that time of the year when the issue of required minimum distributions (RMDs) from tax-preferred retirement savings plans (IRAs, 401ks, etc.). One consistent word of advice...

https://socialsecurityreport.org/understanding-rmds-and-the-impact-on-retirement-financial-planning/?utm_source=rss&utm_medium=rss&utm_campaign=understanding-rmds-and-the-impact-on-retirement-financial-planning

Many seniors grapple with the budgeting process, faced with a fixed income and an annual Social Security benefit cost-of-living adjustment that may not completely compensate for general price inc...

https://socialsecurityreport.org/social-security-and-your-housing-costs-some-key-things-to-know/?utm_source=rss&utm_medium=rss&utm_campaign=social-security-and-your-housing-costs-some-key-things-to-know

While it may not work for everyone, using a “bridge” strategy to align IRA redemptions with Social Security claiming decisions might offer a pathway to higher monthly benefits in later years....

https://socialsecurityreport.org/retirement-strategies-thining-about-a-bridge-strategy-to-maximize-monthly-benefits/?utm_source=rss&utm_medium=rss&utm_campaign=retirement-strategies-thining-about-a-bridge-strategy-to-maximize-monthly-benefits

The race is over at this point, except for resolution of a few House seats, so attention can now be focused on what might happen on Social Security reform. As most folks know, we’re about eight...

https://socialsecurityreport.org/while-the-election-smoke-is-clearing-some-thoughts-on-social-securitys-future/?utm_source=rss&utm_medium=rss&utm_campaign=while-the-election-smoke-is-clearing-some-thoughts-on-social-securitys-future

In a post issued yesterday by the Social Security Administration, we find that Veterans account for roughly 13.5% of all beneficiaries. The average monthly benefit for those 7.7 million Veterans ...

https://socialsecurityreport.org/ssa-releases-2024-veteran-related-statistics/?utm_source=rss&utm_medium=rss&utm_campaign=ssa-releases-2024-veteran-related-statistics

Veterans Day is fast approaching, so now’s a good time to refresh your knowledge of the Social Security Administration’s services available to military Veterans and those on active-duty. A pu...

https://socialsecurityreport.org/attention-veterans-ssa-provides-extensive-support/?utm_source=rss&utm_medium=rss&utm_campaign=attention-veterans-ssa-provides-extensive-support

The steadily eroding financial future of Social Security is popping up more frequently these days in a wide range of media outlets, and there’s no doubt that Congress’s strategy of kicking th...

https://socialsecurityreport.org/senirs-growing-reliance-on-social-security-benefits/?utm_source=rss&utm_medium=rss&utm_campaign=senirs-growing-reliance-on-social-security-benefits

The House Bill to repeal the longstanding and much-aligned Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) Social Security rules appeared headed to a forced floor vote, a...

https://socialsecurityreport.org/political-intrigue-sidelines-wep-gpo-bill-for-now-anyway/?utm_source=rss&utm_medium=rss&utm_campaign=political-intrigue-sidelines-wep-gpo-bill-for-now-anyway

If you created your Social Security account online before September 18, 2021, and haven’t updated it recently, you will need to do so relatively soon. SSA has established a new access method fo...

https://socialsecurityreport.org/my-social-security-accounts-soon-to-require-revised-log-in-procedure/?utm_source=rss&utm_medium=rss&utm_campaign=my-social-security-accounts-soon-to-require-revised-log-in-procedure

As the 118th Congress winds to a close, the ongoing saga of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) continues to pop up in the media. Today’...

https://socialsecurityreport.org/wep-and-gpo-in-the-news-again-2/?utm_source=rss&utm_medium=rss&utm_campaign=wep-and-gpo-in-the-news-again-2