Social Security
In MarketBeat, John Iekel looks at the Congressional Research Service's updated report on the Social Security retirement age, which discusses trends concerning and affecting that threshold and how that age may relate to addressing the challenges facing the Social Security system.
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The IRS has issued tables concerning covered compensation under Internal Revenue Code Section 401(l)(5)(E) and Treas. Reg. §1.401(l)-1. The data is contained in Revenue Ruling 2019-6.
These tables provide information on covered compensation based on calendar year of birth and Social Security...
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The average lifespan now is much longer than it was for previous generations. That’s good news! But that half-full glass has effects beyond the obvious. Among them: posing challenges and complications for retirement accounts and planning, which a recent analysis examines.
In “How Life Expectancy...
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Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced Oct. 11.
The 2.8% cost-of-living adjustment (COLA) will begin with benefits payable to beneficiaries in January. For SSI...
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By 2030, all Baby Boomers will be at least age 65 and more than likely drawing income on their Social Security record, and more than one in five Americans will be of retirement age. In MarketBeat, Frank Owen offers some thoughts on Social Security and how to address the challenges it faces.
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Every year, the IRS issues thresholds and contribution levels relevant to retirement benefits, as well as their administration and taxation. In MarketBeat, Susan Diehl provides 2017 levels that will be of special interest to those who serve, provide and rely on retirement plans.
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There will be a 0.3% cost-of-living adjustment (COLA) for Social Security for 2017, the Social Security Administration (SSA) announced on Oct. 18.The COLA is based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2014 through the third quarter of 2016. The slight...
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You have a client who began to draw Social Security at age 62. He has a part-time job and participates in a 403(b) plan. He knows he’ll lose some Social Security benefits due to how much he earns at his job. In Tech Talk, Ellie Lowder tells us whether pre-tax deferrals to his 403(b) plan will...
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Suppose a school district is considering hiring a retiree older than age 62 and who is collecting Social Security. The district and the employee are trying to find a way to keep the employee’s income from exceeding the Social Security income threshold. In this week’s Tech Talk, Ellie Lowder tells...
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Many sobering reports have been issued regarding the degree to which U.S. workers are preparing — or not — for retirement. The Bipartisan Policy Center’s (BPC) Personal Savings Initiative (PSI) may not be the first effort that seeks to help turn the tide of poor savings rates, but it has heft and...
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