Home Tags Social Security

Tag: Social Security

Just 5% of retirees say personal savings is their primary income source.

Millennials know their retirement won’t look like mom and dad’s, and they’re already planning ahead

A new Wells Fargo survey found that 86% of US retirees live primarily on income from Social Security or a pension. It'll be different for millennials.

How to find out if your data was stolen in the Capital One hack, and what you can do about it

If you applied for a Capital One credit card between 2005 and 2019, you might be one of the 100 million people affected.

Equifax is giving up to $125 to 147 million Americans — here’s how to claim your money

After a major hack in 2017 exposed the data of over 147 million Americans, Equifax is on track to pay out hundreds of millions in a settlement.
Deciding when to take Social Security depends on several factors.

Here’s exactly how much more money you get each year you delay taking Social Security

If you take Social Security after your full retirement age of 66 or 67, your monthly benefit will increase by up to 8% each year until age 70.
No matter a person's income, 15% of their Social Security benefit is tax-free.

The government can tax up to 85% of your Social Security. Here’s how to find out exactly how much

Up to 85% of Social Security benefits are taxed, but how much depends on the person's total earnings. Here's how to calculate the tax.
You can check your Social Security benefits online at any time.

Millions of Americans are ignoring an important tool for retirement planning that only takes seconds to find

Anyone can create a free My Social Security account to find out exactly what their monthly benefit will be when they retire.
Mamie Walker, of Tampa, Florida.

An 84-year-old woman who never attended college says the government cut off her social security over $224,414 in student loan bills

Mamie Walker, of Florida, received a letter from the Treasury Department saying she owed $224,414.50 in student loans, despite never going to college.

Here’s what happens to Social Security and disability benefits during a government shutdown

Social Security and disability checks will still be sent to recipients and beneficiaries for the duration of the partial government shutdown.
Donald Trump and Mitch McConnell

Americans hate Republicans’ idea to cut Medicare, Medicaid, and Social Security to bring down the soaring deficit. And they have another idea th...

Americans would rather deal with the federal deficit by reversing the GOP tax law instead of cutting entitlements like Medicare and Social Security.
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell

Mitch McConnell’s call to cut Medicare, Social Security, and Medicaid also perfectly laid out why it won’t happen anytime soon

Mitch McConnell said Tuesday that both parties should come together to reform entitlement in order to cut the deficit but there is almost no way Democrats would get on board with that idea.