Sep 5, 2024 | Healthcare, Social Security
Each year, the Trustees of the Social Security and Medicare trust funds provide detailed reports to Congress that track the programs’ current financial condition and projected financial outlook. These reports have warned for years that trust funds would be...
Dec 4, 2021 | Business, News, Social Security
In an effort to ensure more New Jersey private sector workers are able to contribute to a retirement fund, Governor Phil Murphy signed into law the “New Jersey Secure Choice Savings Program Act” on March 19, 2019. The program initially was to go into effect March 28,...
Dec 5, 2019 | Estate Planning, Investing, Personal Finance, Retirement, Social Security
After contributing through payroll and self-employment taxes for decades of work, many Social Security beneficiaries are astonished when they learn that their benefits may be subject to federal and sometimes state income taxes. When benefits were first paid in 1940,...
Dec 5, 2019 | Retirement, Social Security, Tax
Decisions regarding Social Security can be deviously complicated. There are thousands of rules, thousands upon thousands of additional codicils to clarify the rules, annual changes, and recent legislation, the Bipartisan Budget Act of 2015 (BBA), which drastically...
Dec 5, 2019 | Personal Finance, Retirement, Social Security
Social Security is a valuable resource for older and disabled workers as well as the worker’s survivors and dependents. It provides 90% of the cash flow for one-third of retirees. It delivers 28% of the cash flow for high income retirees. A mistake in claiming these...
Dec 5, 2019 | Personal Finance, Social Security
There are a many different benefits offered by the Social Security Administration, and knowing your options and requirements is essential. Don’t expect the Social Security Administration to know who you married, who you divorced, whether your spouse or ex-spouse died,...
