As of March of next year, Social Security payments will go electronic. the U.S. Treasury says as of 2013, all Social Security and other government funds will be delivered electronically.
You’d think the over-60 set might be worried about receiving funds electronically, but the Treasury reports that 90 percent of recipients already do, and today’s new accounts are automatically electronic. In fact, paperless Social Security is safer for retirees. a Treasury Department official says that more than half a million paper federal benefit checks were reported lost or stolen in 2010. …

As a result of the recent debt deal, everything – even Social Security – will be on the table as a possible way to close the enormous budget gap.
What changes do you Think Are Going to be Made to Social Security? originally appeared on About.com Retirement Planning on Thursday, August 25th, 2011 at 13:00:23.
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What Changes Do You Think Are Going to Be Made to Social Security?

With the debt deal behind us, it’s time to pick up the pieces and ask the question: “What happened?”  as it turns out, very little was accomplished, at least as it pertains to the specifics of future changes.  while most of the hard work has been delayed a short while, certain decisions were made. one clear line in the sand was the carving out of Social Security from any automatic reduction in spending. (The same cannot be said for Medicare).  Still, as I discuss in Should Your Retirement Planning Change …

As a result of the recent debt deal, everything – even Social Security – will be on the table as a possible way to close the enormous budget gap.
What Changes Do you Think are Going to be Made to Social Security? originally appeared on About.com Retirement Planning on Thursday, August 25th, 2011 at 13:00:23.
Permalink | Comment | Email this
What Changes Do You Think Are Going to Be Made to Social Security?

The internet is truly an amazing piece of technology.
The past couple of days I have been watching the Cato Instituion’s four hour presentation on Social Security that Michael Tanner (their head of Social Security reform) gave to congressional staff in February. The links are not that easy to find on the web-site, however, once you do find them they are extremely informative.
Even if reform is defeated this year, this issue will not go away.
Social Security–Video

With the debt deal behind us, it’s time to pick up the pieces and ask the question: “What happened?”  As it turns out, very little was accomplished, at least as it pertains to the specifics of future changes.  While most of the hard work has been delayed a short while, certain decisions were made. one clear line in the sand was the carving out of Social Security from any automatic reduction in spending. (The same cannot be said for Medicare).  Still, as I discuss in Should your Retirement planning Change …

I think a little historical perspective is needed when thinking about the year when Social Security’s income from all sources (payroll tax, interest on the Trust Fund, taxes on the benefits paid) will become fall short of the benefits it has promised to pay. 2018 seems to be the year most everyone agrees that Social Security will begin to operate at a deficit.
2018–That seems a long way off. Most of us still have a hard time believing we are in the sixth year of the 2000’s. but 2018 is only …

Q: how much money can I contribute to my 401(k) retirement plan at work? how much can I contribute to an IRA? I am paid a salary at my primary job, and I also work as an independent contractor. Can I contribute to my employer-provided 401(k) and also contribute self-employment income to a solo 401(k)?
a: your questions highlight some important but often misunderstood facts about 401(k) plans and individual retirement accounts (IRAs).
More workers are gaining awareness of the need to save for their own retirement. Companies that once …

With the debt deal behind us, it’s time to pick up the pieces and ask the question: “What happened?”? As it turns out, very little was accomplished, at least as it pertains to the specifics of future changes.? While most of the hard work has been delayed a short while, certain decisions were made. one clear line in the sand was the carving out of Social Security from any automatic reduction in spending. (The same cannot be said for Medicare).? Still, as I discuss in Should your Retirement Planning Change …

As a result of the recent debt deal, everything – even Social Security – will be on the table as a possible way to close the enormous budget gap.
What Changes Do You Think Are Going to Be Made to Social Security?