IFG Viewpoint & Outlook
No Tax on Social Security Benefits?
We all love free money; and no taxes on Social Security sounds good! Hey, Social Security benefits weren’t taxed for many years!
January 27, 2025
Tag: social security
Uncategorized
What Does the Future Hold for Social Security?
It’s an election year, and while the headline topics dwell on the border, January 6th, the age of the candidates, and all the rest, few are talking about the “3rd rail” of politics: social security.
You can expect a few politicians will come up with innovative approaches (they know will never reach the floor for a vote), but it does make for good campaign sound bites. It can be confusing.
April 3, 2024
Retirement
What Baby Boomers Need to Know About Social Security in 2023!
Social Security claiming decisions aren’t as simple as they may appear. The decisions you make for yourself can impact your spouse, your future taxes, and even the bite Medicare premiums take from your Social Security benefits.
April 11, 2023
Retirement
Should You Take Social Security Early and Continue to Grow your IRA?
Many people believe they should take Social Security early in order to keep from drawing down IRA assets, believing that the longer they can grow the IRA tax-deferred, the better off they’ll be.
Are they wrong? Maybe. Maybe not. Different people are in different circumstances.
March 20, 2023
Retirement
What’s New for Social Security in 2023?
There have been some changes to Social Security this year.
March 16, 2023
Retirement
When Should You Apply for Social Security Benefits?
Mistakes can be costly – and may be permanent!
December 13, 2022
Retirement
Customer Service is a Problem at Social Security
Have you tried to call Social Security lately? If so, this won’t come as much of a surprise – customer service is all but non-existent.
August 22, 2022
Retirement
Annual Social Security Trustee Report Urges Reform
The annual Social Security trustees’ report is to advise Congress on the financial condition of the Social Security system over the next 75 years. If they project that 100% of benefits will be paid, it’s said to be in balance and no action will be needed. If they project a shortfall, they call on Congress to fix the problem by either raising taxes, cutting benefits, or some combination of the two.
June 14, 2022
Retirement
New Social Security Statements Available
Have you checked your Social Security statement on the SSA’s website? You should; there’s a lot of good information there!
March 24, 2022
Retirement
Are You A “Baby Boomer” Getting Ready for Social Security?
If you’re a baby boomer, you may want to begin your Social Security planning early – and it’s especially true when it comes to claiming Social Security! Today it’s different from when your parents filed their claims: they just went down to the Social Security office and put in the paperwork! Today, it’s far more complicated.
March 18, 2022
