In the United States, a person’s Social Security Number is very important in your day-to-day life. A Social Security Number or SSN is a nine-digit number that is used to verify your identity. While originally created to monitor the earnings history of people in the United States in order to determine their Social Security benefits, …
Help! Someone Is Using My Social Security Number For Employment! Read More »
In this day and age of information overload via many information channels, including social media platforms, many people are unaware or naive about the kinds of information that should be shown to the public and those that must remain private. Information like your Social Security Number (SSN) and Date of Birth (DOB) may seem harmless, …
What Can A Scammer Do With the Last 4 Digits of Your Social Security Number? Read More »
Did you receive a tax form saying you received unemployment compensation even though you never filed for one? Did you get a call from your employer asking you why you filed an unemployment claim when you’re still working with them? Or perhaps you tried to claim your unemployment benefits only to find out that someone …
Someone Used My Social Security Number to File for Unemployment: What To Do? Read More »
Economic times have been tough for everybody-especially the baby boomer. In a recent survey, almost have of Americans say they will begin collecting Social Security at age 62. Most boomers share the notion of “It’s my money, why not take it now”. Where as others feel by waiting till normal retirement age to collect the …
Social Security retirement benefits are available to American workers who have paid into the system throughout their working years. Originally established after the Great Depression, Social Security is a supplemental retirement program designed to ensure retired citizens have some level of income from which to live after they stop working. Social Security benefits make it …
How Long Does It Take To Get Your First Social Security Check Read More »
Some people are genuinely surprised when they learn that their social security income can be taxed. In certain instances, they may not have factored tax payments into their retirement planning. In other instances, people may continue working even though they’re eligible for social security benefits. Tax Rates and Social Security There are a few factors …
How Much of Social Security is Taxable If Still Working Read More »
Good news for boomers who are also Veterans. You may qualify for an additional increase in your Social Security Benefits. Here’s a rundown of the qualifications: Since 1957, if you had military service earnings for active duty (including active duty for training), you paid Social Security taxes on those earnings. Since 1988, inactive duty service …
Baby Boomers hoping to get a raise this year on Social Security are out of luck. SSI will remain flat for the first year since 1975. Social Security benefits are keyed to inflation. So what happens when year-over-year inflation becomes negative? No cost-of-living adjustment (COLA) occurs to increase your Social Security income. On October 15, …
Having your social security card lost or stolen can be a frightening experience. After all, every piece of our human existence is tied to that nine digit number. Most of the time, if you have your social security number memorized or written down, the card is not needed. There is no law requiring one to …
The age of 62 is quickly approaching. The important decision of when to take your social security is haunting you. Do you take it now or wait? Before you decide, let’s first understand what social security is really about. Social Security Comes In Three Flavors When it comes to Social Security, you’ve got three alternatives: Take …
