Every year the Trustee Report shows that Social Security is going to be depleted by a certain date. Consequently, many changes have been suggested to help save Social Security. Related: Should seniors get a one-time payment to make up for the small Social Security 2017 COLA? The Washington Post recently invited readers to provide their […]
High Earners to Pay More into Social Security in 2017
Social Security provides retirement and disability benefits to millions of Americans. The money that pays for these benefits comes from your paycheck. When you get paid, you have taxes withheld for Social Security and Medicare taxes in addition to federal and state income taxes. The amount that is withheld for Social Security taxes is 6.2% […]
Leave Social Security Alone – Will Trump Keep His Promise?
During President Donald Trump’s campaign, he made many promises, including to make America great again, bring manufacturing jobs back to our country, and to “leave Social Security as is”. When most Republicans were either ignoring Social Security and Medicare or planning to cut benefits, Trump promised to leave the retirement age and Social Security benefits […]
Republicans to Repeal Obamacare? Senate Approves Resolution to Eliminate ACA
Update: On Friday 1/13, the House also voted to repeal the Affordable Care Act. From here, Congress must work together to come up with a replacement for Obamacare. House Speaker Paul Ryan says Congress will work on a replacement plan in the next 100 days. More details to come later. The Republicans have […]
Budget Cuts Force SSA to Stop Mailing Paper Social Security Estimated Benefit Statements
The Social Security Administration (SSA) stated in a recent blog post that they will no longer be able to mail out paper Social Security estimated benefit statements. Recent budget cuts have forced the SSA to make some changes, including a hiring freeze that began in 2016, and more recently, the decision to send out fewer […]
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