Social Security, retirement planning, and annuities.
September 2020 The current public heath, economic, and political reality in the United States has created enormous uncertainty for many Americans. A majority of citizens lack the savings to last them even three months. That savings gap is even more drastic when it comes to retirement. Indeed, the pandemic has wrought havoc on the retirement plans […]
If you’ve lost a loved one, you may be entitled to Social Security widow benefits on their behalf. Six million family members receive survivor benefits as of 2020, and for many it’s a crucial income following the passing of a spouse or parent. The amount a widow or widower receives is variable and depends on the age […]
During the coronavirus lockdown, local Social Security offices have reduced hours and are only helping people with their most crucial issues. Generally speaking, getting a replacement card is not considered a crucial issue. So, if you have a lost Social Security card, it’s best to wait until the agency is up and running as usual to apply. The fact […]
Most people just get their Social Security numbers, memorize them (for all the times they’ll be asked) and go about their lives. It’s kind of like a driver’s license picture—it may not be your favorite, but it serves the purpose. But there are times when people need a new Social Security number. People fleeing domestic […]
Introduction Beyond the health impact, COVID-19 has created unprecedented economic uncertainty. The pandemic has roiled the economy and devastated Americans’ savings and wallets. And it appears there is no end in sight. Amidst the current surge in COVID-19 cases across the country, states have revived restrictions and stay-at home directives. With the unemployment rate remaining above 10%, the rise […]
Digital attacks are at an all time high, especially due to the uncertainty today caused by the coronavirus and now the protests across the nation. From social security scams to data breaches, our personal information is becoming more vulnerable than ever. With the looming economic uncertainty, hackers are increasingly predatory and looking to take advantage […]
Cyber attacks have been on the rise with the looming uncertainty surrounding the coronavirus pandemic. That means our personal information is now more at-risk than ever. Predatory hackers seek to take advantage of vulnerable groups, including soon-to-be retirees and seniors citizens, by exploiting confusion, uncertainty, and anxiety. One of our users, who we will call […]
Whether you’ll rely primarily on Social Security benefits in retirement, or instead view benefits as a supplement to your retirement savings, understanding your eligibility and how to optimize the amount you receive is important. Here, we’ve listed 15 of the most important things you’ll need to know to do just that. 1. There are three […]
The COVID-19 pandemic has deeply impacted the global economy, and it’s being felt on a very personal level by millions who’ve lost their jobs, their businesses and their savings. But people at or near retirement age may be hit especially hard. If you are in this group — and especially if you’ve been recently laid […]
Back in 2002, the Social Security Administration noted that, unless there was significant reform, the Social Security system would become insolvent by around 2041. In order to make up the shortfall, the government would either need to cut Social Security benefits by more than 25% or increase Social Security payroll taxes to more than 18%. […]