For many Americans, Social Security is a lifeline that they depend on year after year. Although it experiences a number of changes each year, most of them are for the better. This year’s changes to Social Security aren’t any different: we’re seeing cost of living increases, a change in the way statements are handled and […]
All posts tagged social security
Social Security – Is the system crumbling?
Social security program is the largest government run program in the world and the biggest expenditure in the federal budget. The system which started during the dark days of depression, provides benefits not only to the retirees, but also to those who are disabled along with their dependent spouse, parents and children. It is primarily […]
Important ages for retirement savings, benefits and withdrawals
Contributions to retirement funds and withdrawal from the same involve lots of rules and conditions that varies along with the age of the worker or retiree. Here we have listed ten important ages that you (worker or retiree) should be aware of. You are 49 or younger As an eligible employee, you can contribute up […]