Chances are, you probably have your Social Security number memorized, so you may not have had to use your card in awhile. However, there are times when you may be required to show your actual card, such as when you start a new job or need to access certain government services. Fortunately, replacing a lost or stolen card is a relatively easy process.
If you earned a government pension from a job not subject to Social Security tax withholding ("noncovered employment") and are also eligible for Social Security benefits through a job where Social Security taxes were withheld, two provisions might reduce your benefits: the windfall elimination provision (WEP) and the government pension offset (GPO).
Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program? Test your knowledge, and learn more about your retirement benefits, by answering the following questions.
1. Do you have to be retired to collect Social Security retirement benefits?
Recently, Social Security and Medicare Trustees released their reports on the current and predicted financial outlook on their trust funds. The 2016 reports project a slight adjustment to the Social Security cost-of living and Medicare premium increases for 2017. Click on the following links to read more about the Trustee Reports:
We're just a month away from the mid-year point, believe it or not. As a half-time refresher of sorts, I wanted to share some information on all things IRA. The following infographic from Max Retire Rules covers the high-points on the four types of IRA - Roth, Traditional, Simple, and SEP
The nice thing about this piece is that in addition to covering the basics of how each IRA functions, there is also updated limit information for 2013. This can come in handy as you contemplate your contributions now or in the future for the 2013 tax year.
According to American Express nearly one out of three adults is attending a wedding this year - so there’s a decent chance you have an answer to our title question.
This is a little off of the beaten path, but interesting none the less. I came across this inforgraphic put together by American Express breaking down all things wedding, from a dollars and cents standpoint.