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OASDI: The backbone of Social Security in the U.S.
If you're employed in the United States, you've likely noticed a deduction labeled OASDI on your paycheck. This stands for ...
Has Congress Stolen Trillions From Social Security? The Answer Is Clear as Day.
In January, the average retired-worker beneficiary brought home a $1,976 check from Social Security. While this average ...
Social Security: Here's What Happens to Your Benefits if You Get Divorced in Retirement
The bad news is that you'll lose spousal benefits once you're no longer married, but you could be entitled to a different ...
Social Security Benefit Cuts Are an Estimated 8 Years Away -- Here's How Much Your Monthly Check Would Shrink
Over the last 40 years, every Trustees Report has pointed to the program having a long-term funding obligation shortfall. In ...
When a spouse dies, there can be a 'tax explosion' for the one left behind
Another way to leave tax-free money to a surviving spouse is with life insurance. A small policy can put cash in the hands of a surviving spouse for funeral expenses and paying off debts. A bigger ...
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Social Security Survivors Benefits: Can I Collect Now and Switch to My Own at Full Retirement Age?
I'm 62 and currently working but my spouse passed away when I was 60. He waited until age 70 to take his Social Security. Can ...
Social Security Fairness Act: What Will Happen to Your Benefits Now That It’s Become Law?
The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that ...
The Savings Game: How the repeal of WEP and GPO will be implemented
President Biden signed the Social Security Fairness Act that repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) provisions of Social Security, ...
A Game-Changing Social Security Boost For Teachers And Public Workers
The Social Security Fairness Act eliminates two provisions, the WEP and the GPO, that have been penalizing a sizable portion ...
Everything You Need to Know About Social Security’s WEP and GPO
The Government Pension Offset, or GPO, was another provision that can significantly reduce Social Security benefits. GPO also ...
Millions of retirees and workers just got a raise in retirement income
Social Security is not an entitlement program or a handout, it’s an earned benefit paid into by workers and their employers.
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Will the New Law on Teacher Retirement Benefits Affect You? Here’s How to Know
President Joe Biden signed the Social Security Fairness Act into law on Jan. 5 , prompting hundreds of thousands of educators across the country to wonder whether they’d benefit from the new policy.