All local Social Security offices will be closed to the public for in-person service starting Tuesday, March 17, 2020. According to the Social Security Administration, “This
Read MoreCategory: retirement & pension
Are Your Social Security Benefits Taxable?
In February of 2020, more than 69 million people collected a check for Social Security, Supplemental Security Income (SSI), or both. The majority of those beneficiaries (nearly
Read MoreSocial Security Warns On New Texting Scam
Scammers aren’t just relying on robocalls and voice mails to reach potential victims: they’re now texting. The Inspector General of Social Security, Gail S. Ennis, recently issued a
Read MoreHere’s How To Get A Copy Of Your Social Security Form For Tax Season
Looking for your tax forms, like your W-2 or 1099-MISC? Most tax forms should be in your mailbox or on their way – but if
Read MoreTrustees Report That Social Security Benefits Could Be At Risk
Each year, the Trustees for Social Security release an annual report on the financial outlook for Social Security and Medicare. The key takeaway this year: Both face long-term financing shortfalls.
Read MoreDo You Need To Pay Tax On Social Security Benefits?
At the end of last year, nearly 67 million people collected a Social Security check. The majority of those beneficiaries (47 million) were over the age of 65. Each year, many seniors grapple with whether any or all of those benefits are taxable. Here’s what you need to know.
Read More7 Tax-Favored Strategies For Retirement
Thinking about retiring early? To ensure that you’ll have enough money to live off of in future years, sock away money now. Here are seven tax-favored strategies to consider.
Read MoreIRS Announces Relaxed Retirement Plan Rules For Victims Of Hurricane Matthew
The Internal Revenue Service (IRS) has announced that 401(k)s and similar employer-sponsored retirement plans, including 403(b) and 457(b) plans, can make loans and hardship distributions to victims of Hurricane Matthew and members of their families.
Read MoreA Quick Look At Roth IRAs, Roth 401(k)s & The Man Responsible For Both
William Victor “Bill” Roth Jr. would have been 95 today. Roth was a World War II veteran, a lawyer, a U.S. Representative and a U.S. Senator but is best known for creating the Roth IRA.
Read MoreAsk The Taxgirl: Are Social Security Benefits Taxable?
Ask The Taxgirl: Are Social Security Benefits Taxable?
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