Social Security

How Will Your Social Security Strategy Affect Your Spouse?

If you or your spouse is expecting a Social Security spousal benefit, you need to read this.<p>It's a well-known principle among pre-retirees that the …

Retirement Planning

Here's Why Social Security Is Going Broke

Social Security is expected to run out of money by 2034. Here's the problem.<p>You may have heard certain things about Social Security's financial …

Retirement

2017 Self-Employment Tax: How Much Will You Owe?

If all or part of your income is from self-employment, here's how to determine your tax bill.<p>If you earn income from self-employment -- such as from …

Taxes

Will You Have to Pay Taxes on Your Social Security Benefits?

Thanks to the steady march of inflation, more and more Social Security beneficiaries are stuck paying income taxes on their benefits.<p>Once you're …

Retirement

Lawyer pleads guilty to $600 million Social Security fraud that involved bribing federal judge

A flamboyant Kentucky lawyer who billed himself as "Mr. Social Security" pleaded guilty Friday for his role in what prosecutors portrayed as a long-running scheme to defraud the government of nearly $600 million in federal disability payments.<p>Eric C. Conn pleaded guilty in federal court in …

Fraud

Social Security Prevents Suicide

Many people consider Social Security part of what is known as the “social safety net,” even though it is actually a contributory non-welfare program, …

Retirement

4 Changes Republicans Could Make to Social Security

With Social Security in trouble and Republicans in control of Congress, some of these solutions could become a reality.<p>Social Security, which is …

Retirement Planning

Trumpcare Will Expedite Medicare's Insolvency, New Report Shows

Medicare's Hospital Insurance Trust could exhaust its spare cash by 2023 if Trumpcare is passed.<p>Healthcare in American is set to change... again. …

Health Care

11 big tax mistakes to avoid

Mistakes are part of life, but try not to make them part of your tax return. One misstep could hold up your tax return — maybe even your refund — for weeks or months, and you might even end up on the hook for interest and penalties. Here are 11 tax mistakes you definitely want to avoid:<p><b>1. Missing</b> …

Taxes

18 Surprising Ways Your Identity Can Be Stolen

Most people have already been victims of the most basic forms of identity theft — having fraudulent charges on your credit card. Those even less …

Identity Theft

Trumpcare: An Indirect Cut To Social Security

Beneficiaries in their early 60s could face a 750 percent increase in premiums!<p>Over 2.8 million Social Security beneficiaries are under the age of 65. Claiming benefits at the earliest possible age, 62, or not long after means that those beneficiaries will have smaller monthly Social Security …

Health Care

Could the Age Tax in Trump's Health Care Bill Sink Your Retirement?

Countless older Americans have no choice but to buy their own health insurance. But thanks to a new health care bill, seniors might feel the pain when they go to purchase insurance on the open market.<p><b>What is the Age Tax?</b><p>The age tax is a penalty of sorts that seniors will face if President Trump's …

Retirement

Q&A: Veterans seek help on Social Security planning confusion

<b>Q: I am 50% combat-related disabled due to an injury suffered in the Vietnam War. I am now</b> <i>67, but took Social Security at age 62. My wife works but wants to retire. We currently use her employer-sponsored health insurance. We also signed up for Medicare Part A but not Part B. Every time I speak to</i> …

Retirement

What Your Employees Should Know About Social Security Benefits and Taxes

Social Security is with you throughout life’s journey, and we want to put your employees in control of their finances and future. With the tax filing …

Retirement

Tax Tips For New Parents

<i>By Mario McKellop</i><p>The birth of a child brings a number of changes in the life of a couple. One of the many significant life changes new parents …

Taxes

3 Ways to Boost Your 401(k) Savings

Behind on your retirement savings? Here's how to turn that around.<p>Americans are massively unprepared for retirement. If you need proof, look no …

Retirement

Column: Ten-fold gain in retirement saving? No thanks, say Republicans

CHICAGO (Reuters) - At the risk of stating the obvious: People are much more likely to save for retirement when they can do it automatically at work. How much more likely? Ten times, according to a study released this week.<p>But someone apparently forgot to tell U.S. Congress and the White House, …

Retirement

Former Social Security judge sentenced to prison in sex case

A former Alabama judge is going to federal prison after pleading guilty to crimes that include having sex with a woman whose case was in his court.<p>A …

Retirement

3 tax deductions that increase the chances of an audit

Want to avoid tax trouble this year? Be careful with these deductions in particular.<p>Though most tax audits aren't the harrowing experience we've all come to fear, they're not necessarily a picnic either – especially if your return boasts its share of questionable deductions. But before we go any …

Taxes

25 Facts About Social Security Every Retiree Should Know

Social Security is one of America's most popular and important social programs. Despite that fact, a surveyconducted by MassMutual Financial Group in 2015 showed that just one respondent out of more than 1,500 was able to answer just 10 multiple choice or true/false questions about the program …

While Nobody's Watching, Paul Ryan Is Taking A Sledgehammer To Medicaid's Promise To Seniors

A longtime dream of the conservative movement has been to dismantle Medicaid. Obamacare is the opportunity.<p>WASHINGTON ― While the debate over Obamacare repeal focuses on insurance subsidies, coverage equity and tax cuts, a far more radical attempt is quietly underway to end the Medicaid program as …

Health Care

If you think taxes are too high, you need to read this

President Trump has promised to lower taxes and reduce the number of tax brackets, but just how high are our taxes compared to historical rates?<p>A cornerstone of President Donald Trump's campaign was tax reform. You can read the full details of Trump's tax plan here, but the general idea is that …

Taxes

Trump's budget director renews a fact-free conservative attack on disability recipients

Appearing Sunday on the CBS program “Face the Nation,” President Trump’s budget director, Mick Mulvaney, engaged in a drive-by shooting of some the nation’s neediest and most defenseless people: the disabled.<p>Mulvaney’s attack shared its essential qualities with most previous Republican attacks on …

Retirement

The Age of Entitlement: How the Baby Boomers Ruined Everything

As a successful venture capitalist and early investor in tech juggernauts like PayPal and Lyft, Bruce Collins Gibney has established a formidable eye …

Democracy

3 Reasons It's Smart to Take Social Security Benefits at 62

The first is surprising, the second underappreciated, and the third a bit morbid.<p>Deciding when to take Social Security benefits is a complex task. …

Retirement

State Highlights: Va.’s Immunization Rates Plateau; Ga. Senate OKs Family Sick Leave Bill

Outlets report on news from Virginia, Georgia, Pennsylvania, Missouri and Connecticut.

Health Policy

4 Proven Ways to Boost Your Retirement Income

Countless seniors struggle financially in retirement. If you're looking for a few surefire ways to increase your retirement income, here are four moves you can make.<p><b>1. Hold off on Social Security</b><p>Once you reach your full retirement age for Social Security purposes, you'll be eligible to claim your …

Retirement

Let’s stop using Social Security cash to fund federal overspending

Last week President Trump put forth an aggressive federal budget designed to cut excess from various government agencies while protecting Social …

Retirement

Ill Missouri woman turns destitute while fighting for Social Security disability

The tumors and cysts that blinded Barbara Sales in her left eye and, years ago, lodged in her brain have robbed her of far more than her sight and …

Retirement

5 Facts About Medicare Every Retiree Should Know

The basics you need to know about Medicare.<p>Medicare doesn't have to be complicated.<p>Sure, there are many aspects to the federal healthcare program. …

Health Care