Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered “False,” you’re smarter than more than 60% of your fellow Americans nearing retirement. In fact, if you know just about anything about how Social Security works, you’re very likely…
How one big year in your 60s could boost your Social Security benefits — even when you’re already getting checks Social Security pays retirement benefits to seniors, but you don’t need to be retired to claim them. You can claim benefits as early as 62 and are allowed to work while collecting them — although,…
Social Security might seem like an unexciting topic, but unless you’re independently wealthy, you should want to know a lot about it — especially as you get older. Consider this from the Social Security Administration: “Among Social Security beneficiaries age 65 and older, 12% of men and 15% of women rely on Social Security for…