Tags » Social Security

How are Social Security benefits computed, and what are WEP and GPO?

Social Security.

Perhaps the most successful government program ever, Social Security was put in place as a form of “social insurance” in order to protect against people who’d worked their entire lives ending up in poverty in their old age. 2,256 more words

Taxes

In Providing Financial Advice, Putting Customers First is Good Public Policy and Good Business Practice

Today, President Obama announced that he will be proposing a draft rule from the Department of Labor that would require those offering retirement investment advice to serve as fiduciaries. 685 more words

Social Security

The Effect of Rising Inequality on Social Security

Social Security has become a core component of retirement security in the United States: Nearly two-thirds of seniors rely on the program’s benefits for most of their income.

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SOCIAL Security

The Full Retirement Age Is Increasing

Full retirement age (also called “normal retirement age”) had been 65 for many years. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959. 95 more words

Estate Planning

Social Security - don't end the cap on taxable wages.

Recently, more people have called for an end to the cap on wages that are subject to the social security tax.  (For 2015, only the first $118,500 of wages are taxable, no social security tax is paid on wages above that amount.)  I think that would be the wrong way to go.  115 more words

The Wall Street Journal: The Economic Argument for More Aid to the Elderly Poor

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KAREN LINCOLN: A rising tide lifts all boats. This idiom, typically referring to the economy, suggests that a good outcome will benefit all. There has been much debate about whether economic growth benefits the rich, middle class and poor, equally. 112 more words

Seniors