When retirement is more valuable than disability compensation

Title: When retirement is more valuable than disability compensation

Article Snip: "...Payments under the Federal Employees' Compensation Act are generally higher, but some disability recipients may get more out of switching to the retirement benefit program..."

Reference: www.federaltimes.com
disability vs retirement

You can work while collecting Social Security but there are limits if you earn more than $18,240 a year

Title: You can work while collecting Social Security but there are limits if you earn more than $18,240 a year

Article Snip: "...Meanwhile, an estimated 88% of nonretirees polled by Gallup believe they'll need their Social Security income to help make ends meet in retirement. This 88% figure marks an all-time high since this annual poll began in 2001..."

Reference: www.usatoday.com

How a Roth IRA Could Help You Keep More of Your Social Security Benefits

Title: How a Roth IRA Could Help You Keep More of Your Social Security Benefits

Article Snip: "...One significant advantage of investing in a Roth IRA is that your withdrawals in retirement are tax-free. But Roth IRAs offer another tax perk that could help you keep more of your Social Security benefits..."

Reference: starherald.com
ROTH

Biden vs. Trump: Where the Presidential Candidates Stand on Social Security

Title: Biden vs. Trump: Where the Presidential Candidates Stand on Social Security

Article Snip: "...Biden's overall plan includes some provisions that would boost Social Security benefits in many cases, but it would come at the cost of additional taxes. Meanwhile, Trump hasn't taken Social Security head-on as an issue..."

Reference: www.msn.com

A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

When it comes to Social Security, 2020 is a bad year to turn 60.

Title: A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

Article Snip: "...As a result, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene. Will today's 60-year-olds be spared a reduction in benefits? A couple of bills have been introduced to adjust the formula used to calculate Social Security benefits, thereby saving today's 60-year-olds from a lower monthly benefit for life. The Social Security COVID Correction and Equity Act..."

Reference: www.fool.com
social security, H.R. 7499: Social Security COVID Correction and Equity Act,

When might the IRS be sending the second stimulus check?

Title: When might the IRS be sending the second stimulus check?

Article Snip: "...After Senate Republicans present CARES 2 on Monday, members will begin the work of finding common ground with Congressional Democrats on who will be eligible for the second payment, how big the next stimulus check should be, and when the IRS would start sending out the money once approved. Treasury Secretary Steven Mnuchin offered a clue..."

Reference:
Stimulus Check 2,

5 Tips For The Millions Of Singles Heading Into Retirement Solo

Title: 5 Tips For The Millions Of Singles Heading Into Retirement Solo

Article Snip: "...Retiring single or without children has its advantages and disadvantages. With a little extra planning, you can have a fun and fabulous retirement. With some proactive advice, your retirement can be even happier, healthier and wealthier..."

Reference: www.forbes.com
Federal Retiree Singles, Senior singles,

Can creditors take your Social Security?

Title: Can creditors take your Social Security?

Article Snip: "...Unfortunately, defaulted debts can lead to a host of problems, including credit damage, lawsuits and sometimes even wage garnishment. But can a creditor take your Social Security if they’re collecting on past-due debts?..."

Reference: www.msn.com
social security,

Should I Stop Funding My Retirement Savings Because of COVID-19?

Title: Should I Stop Funding My Retirement Savings Because of COVID-19?

Article Snip: "...Tempting as it may be to scale back on contributions, you should try your best to continue funding your 401(k) or IRA..."

Reference: www.fool.com

These are the 13 states that might tax your Social Security benefit

Title: These are the 13 states that might tax your Social Security benefit

Article Snip: "...the tax buck doesn't stop with Uncle Sam. Believe it or not, 13 states also tax Social Security benefits to some varied degree. Listed in alphabetical order, these states may take an additional bite out of your Social Security income, if given the opportunity..."

Reference: www.usatoday.com
social security, Taxes in Retirement,