Category Archives: Social Security
Social Security turns 80 on Friday, and the massive retirement and disability program is showing its age.
Social Security’s disability fund is projected to run dry next year. The retirement fund has enough money to pay full benefits until 2035. But once the fund is depleted, the shortfalls are projected to be enormous. Read More
Looking at the big picture, the financial health of Social Security and Medicare doesn’t appear to have worsened.
Wednesday’s annual check-up found that Social Security’s retirement trust fund has enough money to pay full benefits until 2035, a year later than previously projected. Read More
The Social Security Administration likes celebrating your birthday. Well, every five years anyway. This is how often you could be receiving Your Social Security Statement, a document that in the past you may have accidentally tossed in the recycling bin. Last month I studied my statement more closely and have found it to be an invaluable financial planning resource for me and my family. Here’s a breakdown of each section and contents which you may also find helpful. Read More
Social Security can be a sensitive subject. Many are deciding what role it will play in their retirement plan, while others wonder if they will receive any social security at all. Eric Jacobsmeyer is a Senior Wealth Strategist with Zions Trust and is here to help us understand more about social security and what we can expect from it, now and in the future. Eric holds a Certified Financial Planner designation and is also a Certified Public Accountant.
Social Security retirement benefits have many important facets that need to be understood before making your retirement plan. One of these features is spousal benefits. Maria Recto, Vice President Wealth Advisor from Zions Wealth Advisors, gives us some guidance on how spousal benefits work and points out a couple of aspects you may want to think about when considering how it will affect your bottom line. Read More
Boise Fry Company’s mantra is “natural, local, and whenever feasible, organic products”. With their signature fries, this is certainly the case. Learn more about the not-so-great lengths that this truly Idahoan Company went to procure their potatoes.
The Social Security Administration has been closing a record number of field offices because of budget constraints even as the demand for services soars, according to a congressional report being released on Wednesday. As a result, seniors seeking information and help from the agency are facing increasingly long waits, in person and on the phone, the report said. Read More
Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency. Read More
Once considered untouchable, Social Security is now in play in the debt-ceiling
negotiations. And that could mean higher income taxes for many U.S. families in addition to shaved benefits for tens of millions of retirees as they age. Read More
When should you begin taking Social Security benefits? The question seems straightforward enough. But the right time to start taking advantage of this important source of retirement income is often difficult to determine. You can start collecting Social Security once … Read More