Social Security Survivors Benefits

Social Security Survivors Benefits

Article Excerpt: "...This booklet gives you an overview of Social Security survivors benefits paid to the spouse and children of a worker who dies. This booklet is not intended to answer all the questions you may have. For more information about Social Security’s survivors program, visit our website or call our toll-free numbers...."


Resource: www.ssa.gov

Social Security’s survivors program

Obama executive action would have illegals paying payroll taxes

Illegal immigrants could receive Social Security, Medicare under Obama action

Article Excerpt: "...For those who work, that includes payroll taxes, also known as FICA taxes, because they are collected under the Federal Insurance Contributions Act. The tax payments are usually split between employer and employee and include 12.4 percent collected to pay for Social Security, as well as 2.9 percent to pay for Medicare...."

Resource: www.washingtonpost.com

Retiring? Here’s how to get an extra month of Social Security benefits for free

Article Excerpt: "...In this scenario, Joe would receive one month’s extra benefit, less $5, at the expense of having all his benefits from August through the month he reaches full retirement age reduced by one extra month’s reduction. This expense would..."

Resource: www.pbs.org

Income Taxes And Your Social Security Benefits

Article Excerpt: "...Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits...."

Resource: www.ssa.gov

http://www.ssa.gov/planners/taxes.htm

The impact of the Social Security increase

How Social Security raise impacts retirees

Article Excerpt: "...Many retirees and preretirees are unaware of their Social Security claiming options, a recent survey showed...."

Resource: www.usatoday.com

A 1.7% Social Security Bump; A 3.6% Rise in Medicare Deductibles

Federal-Benefit Changes for 2015

Article Excerpt: "...When you do the math on the increases in Social Security benefits and Medicare part A and B payments, then lump them with the changing costs of food, gas and health care, senior and disabled Americans still face tight budgets in 2015—and some could find themselves in a hole...."

Resource: wsj.com

FERS Annuity Supplement

Article Excerpt: "...If you retire voluntarily on an immediate annuity which is not reduced for age, you may be eligible for the annuity supplement, in addition to your regular monthly FERS benefit. You may also receive the supplement if you retired involuntarily before attaining your Minimum Retirement Age (MRA) or voluntarily because of a major reorganization, reduction in force, or an early retirement for Members of Congress. However, in these three instances, you will not be eligible for the annuity supplement until you reach your Minimum Retirement Age (MRA). If you receive a deferred benefit, a disability benefit or an immediate MRA+10 benefit, you will not be eligible for the annuity supplement...."

Resource: www.opm.gov

FERS Annuity Supplement

Required minimum distribution (RMD) from traditional IRAs and employer-sponsored retirement plans

Article Excerpt: "...Individuals with IRAs are required to begin lifetime RMDs from their IRAs no later than April 1 of the year following the year in which they reach age 70½. (This is in contrast to RMDs from employer-sponsored plans which, in most cases, may be postponed until after the employee retires or reaches age 70½, whichever is later). ..."

Resource: en.wikipedia.org

required minimum distribution (RMD),