Money Finance News Personal Finance Retirement
FLESH OUT YOUR FINANCIAL SKELETON
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- Category: Retirement
- Written by Sherita Deal
As Halloween hovers on the horizon, the most frightening prospect for some adults has nothing to do with ghosts or goblins. Rather, it’s their scary lack of preparation when it comes to retirement planning.
We suggest a new activity: fleshing out your financial skeleton. Here are the rules.
FAST FACTS ABOUT SOCIAL SECURITY
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- Category: Retirement
- Written by Loretta R. Hixenbaugh
When you think of Social Security, you probably think about a monthly payment for retired and disabled workers. But Social Security has a rich history full of interesting facts. The program has been around for almost 75 years, so there has been ample time to put together a list of fun facts and figures. Here are a few.
To Tax Or Not to Tax - A Social Security Question
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- Category: Retirement
- Written by Joan Permar - Social Security Manager
When it comes to Social Security benefits, you may be wondering who must pay taxes on them and who does not. Let’s look at the numbers.
If you file a federal tax return as an "individual" and your total income is more than $25,000, then the answer for you is yes: you’ll have to pay federal taxes on your benefits. If you file a joint return and you and your spouse have a total income more than $32,000, you’ll be expected to pay federal taxes as well.
