Retirement income sources to consider when Social Security isn't enough to make ends meet
You'll have the best chance of staying comfortable in retirement if you have other sources of income to supplement your Social Security benefits.
41 States That Don't Tax Social Security Benefits
The good news is that in most cases, Social Security is not taxable at the state level. 41 states do not tax Social Security income whatsoever. Not only that, but most of the states that do tax Social Security use far looser rules than the federal government.
This 1 move could shrink your Social Security check by up to 30%
You can maximize your benefits if you wait to claim Social Security until your full retirement age or older. However, claiming earlier could shrink your monthly check by as much as 30 percent. Workers can start to get Social Security retirement benefits as early as 62 years of age.
Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners
President Joe Biden on Sunday signed the Social Security Fairness Act into law, clearing the way for nearly 3 million public workers including teachers, firefighters and police to see an increase to their Social Security benefits.
Social Security Fairness Act Will Boost Retirement Benefits For Millions. Will You Be Impacted?
The new Social Security Fairness Act was just signed into law by President Biden. What is the Act and how could it impact your Social Security benefits in 2025?
Want the Max $5,108 Social Security Benefit? Here's the Salary You Need
The fact is, however, a handful of people are doing pretty well with their Social Security benefits, collecting this year's maximum possible monthly payment $5,108. Start Your Mor
Retirees Are About to Be Shortchanged by Social Security—And It Could Cost You $120
In just a few weeks, millions of retirees will get their first Social Security checks with the 2025 cost-of-living adjustment (COLA) applied. While many were hoping for a more significant increase to help offset rising living costs,
7 Ways Retirees Are Wasting Their Social Security Checks
Receiving Social Security is vitally important for American retirees and the Supplemental Security Income (SSI) payments make up a large portion of what retirees rely on. According to the
Veteran advisor shares a key to maximizing Social Security income
One of the most critical decisions is when to start receiving Social Security benefits. Social Security is a primary source ...
The biggest Social Security changes taking effect in 2025
As we step into 2025, you may be setting financial goals. While you're at it, you should also keep tabs on the Social ...
Social Security and Medicare Funding: Is the Sky Falling?
Social Security and Medicare are slowly running out of money, but what does that mean for the retirees counting on them?
2 High-Yield ETFs That Could Supercharge Your Retirement Income
The Vanguard International High Dividend Yield ETF ( VYMI 0.04%) tracks foreign companies that pay above-average dividends.
Ask the Hammer: Is Social Security Income Tax-Free?
In a recent episode of "Ask the Hammer," financial expert Jeffrey Levine from Buckingham addressed a common concern among Social Security recipients: the potential need for tax withholding on their ...
Who Is Affected By The Social Security Fairness Act And What To Do Next
Over 2 million Social Security beneficiaries had their retirement incomes reduced because of two programs. Here's how the ...
Social Security Update: Payments of Up to $5,108 to Go Out This Week
The maximum amount available to retirees who stop working at the Full Retirement Age - currently 67 years old - is $4,018. If you take your benefits at the earliest possible age of 62, your maximum ...
Social Security Income: Tax-Free or Not? Expert Explains
Financial adviser Jeffrey Levine breaks down when Social Security benefits are tax-free and the importance of understanding your unique situation.