When Will Social Security Run Out?

The Social Security program aims to provide retirement and disability benefits to workers and their families. Workers pay into the system, the government holds onto the money, and the money earns interest. When workers reach eligibility, the government returns money to them. Essentially, this system relies on a steady stream of workers. But can Social … Read more

I’m on Social Security. Should I Settle My Debts?

Piggy Bank

Question: Dear Steve, I’m retired, receiving social security and small pension, $21,404 annually. I bought a mobile home a couple of years ago, good price, as-is. Turned out to be more than I bargained for. I currently owe about $13,000 between credit cards and one personal loan (about $10,000). I’m making payments but have missed … Read more

Top 5 Social Security Myths and What You Need to Know

While “it’ll figure itself out” might be a popular mindset when thinking about future Social Security benefits, particularly if you’re still relatively young, you don’t have to know much about the topic to understand that strategy probably won’t yield the results you might be hoping for in your retirement years. You also aren’t alone: Only … Read more

Can You Collect Social Security if You Never Worked?

into Social Security — that you would not be eligible to receive Social Security benefits. Well, that’s not the case. In fact, there are several different scenarios in which a person can receive Social Security benefits without ever having paid into the system, or even worked, for that matter. Among the people eligible for Social Security without having worked … Read more

4 Expensive Social Security Mistakes You Don’t Want to Make

In a new SimplyWise survey, we asked a panel of 60 to 70 year old’s about their knowledge of specific social security rules and identified the four misconceptions that were the most prevalent. Social Security has a massive reach, with an estimated 64 million Americans having received benefits in 2019, according to the Social Security Administration. The impact is … Read more

This Social Security Decision Could Cost You Thousands

Phil Moeller, the author of Get What’s Yours for Medicare: Maximize Your Coverage, Minimize Your Costs and co-author of the updated edition of How to Get What’s Yours: The Revised Secrets to Maxing Out Your Social Security, answers a reader question about Social Security: Question I was born in 1951 and my wife in 1950. She began drawing … Read more

We Owe a Lot of People Money Including Social Security Disability Overpayment

Question: Dear Steve, I am 57 yo male married 27 years my wife is 52 yo we both work full time but r in debit for cars, student loans, and house payment plus my wages r being garnished by SSI for overpayment We owe about 160,000.00 student loans 1 car pay 427.00/ month for 30 … Read more

How Can I Stop a Social Security Garnishment After it Stared?

Question: Dear Steve, I receive ss disability due to having brain tumors. They are benign. But I have had to full brain surgeries & one round of radiation & I still have the tumors. I read your article about stopping the garnishment on social security checks & how it should be done when you get … Read more

What Will President Trump Do to Privatize and Gut Social Security? – Debbie

Question: Dear Steve, It was so nice to read your comments about how Trump may handle student loan debt. Could you please write something similar about how Trump, and also the Republicans in the House and Senate, will Change social security? Will they privatize social security? Can you discuss Trump’s/the Republican’s changes and cuts/privatization of … Read more

Survey Discovers One-Third Of Seniors Depend Entirely on Social Security

Alexandria, VA (PRWEB) August 20, 2015 One out of three Social Security recipients, about 31 percent, say they rely entirely on Social Security for all of their income, according to a new survey from The Senior Citizens League(TSCL). With Social Security benefits averaging $1,220 per month, this means an estimated 19 million retirees are living … Read more

Majority of Older Americans Say Social Security Benefits Not Keeping Up

TSCL Chairman Edward Cates “The promise of Social Security to help retirees live more comfortably in retirement — is in danger,” says TSCL Chairman Ed Cates. Alexandria, VA (PRWEB) August 05, 2015 Social Security benefits are not keeping pace with rising household budgets, according to the majority of retirees participating in a new survey by … Read more