Social Security

The battle between two potential Republican candidates for the 2024 presidency continues to heat up and has included some name-calling. Here’s the latest insult ushered into the race. What Happened: Former president Donald Trump is among the potential front-runners for the GOP nomination in...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On April 20, 1983, President Ronald Reagan signed the Social Security Amendments of 1983. Where The Market Was: The Dow finished the day at 1,191.47. The S&P 500 traded at 160...

By Mark S. Gardner, CSSCS Life after retirement can be full of changes and challenges, not least understanding how taxes will impact your income and deductions.  Different tax rules can apply to each type of income you receive, so it’s crucial to make tax planning part of your...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1935, the U.S. Social Security Act was signed into law. Where The Market Was: The Dow Jones Industrial Average closed at 128.27 and the S&P 500 traded at 11.37...

Before the COVID-19 coronavirus became a global pandemic, markets were in an unrelenting uptrend. However, soon after world governments began introducing stay-at-home orders, forcing the closure of non-essential businesses and unemployment of millions, financial markets experienced a historic...

If you’re getting ready to retire, you may be expecting your tax bill will be lower with lower income compared to your working years. However, each retirement scenario is unique, and each has different tax consequences. As you approach retirement, you can take several steps to keep your taxes...

The poor, the elderly, the disabled, college students and environmental protections all stand to take a big hit if Congress approves President Donald Trump’s $4.1 trillion budget for fiscal year 2018. Defense contractors, corporations in general and the wealthiest Americans all stand to gain...

With the Republicans in control of Capitol Hill, the outlook for Social Security in its current iteration is uncertain as many party members argue for sweeping reforms to Social Security to reduce government spending. Add to that the unreliability of President-elect Donald Trump's rhetoric...

The Social Security and Medicare trustees’ annual report released Wednesday shows that Social Security will find its funds exhausted in by 2034. What This Really Means Social Security is divided into two trust funds: one for retirees and one for disability benefits. The “exhaustion...

For many Americans, social security may be their largest — if not only — source of income in retirement. However, the ins and outs of how retirement income works, how much income can be expected and how feasible the reality of maintaining current lifestyles are not always that clear....

The statistics are all around, and the accompanying headlines tell a bleak story. It's probable that the Sandwich Generation is uncomfortably underprepared for retirement. According to an Insured Retirement Institute study, 31 percent of Sandwichers who are still employed do not have a retirement...

If you are among those planning to retire in the New Year, there are a few things you should know now. While it is impossible to determine exactly how many people will retire in any given year, it is possible to note trends across the aging demographics. Although the average age of retirement...

Regardless of where you are in the personal retirement budgeting journey, one thing remains constant: You have an incalculable amount of control over how your retirement years play out. Whether you are looking to spend the years after your 65th birthday in "traditional" retirement...

Although the present day hoopla over retirement is certainly cause for much financial concern, particularly among older Americans, retirement has not always been such a hotly contended subject – retirement has only within recent memory been a tangible concept at all. When considering retirement...