What The 2023 Social Security Trustees Report Tells Us

Martha Shedden, NARSSA President & Co-Founder   Today, the Social Security Board of Trustees released its annual report, sharing its findings regarding the long-term financial status of the Social Security Trust Funds. The two trust funds are the OASI Trust Fund and the DI Trust Fund. The OASI Trust Fund stands for the Old-Age &…

Maximizing Retirement Income: The Connection Between Social Security Optimization and Reverse Mortgages

As reverse mortgage professionals, it is essential to understand how Social Security optimization and reverse mortgages can work together to help clients maximize their retirement income. By incorporating these strategies, you can provide a well-rounded financial solution for retirees looking to maintain their lifestyle and financial security. This article will discuss the connection between Social…

What Women Need to Know about Social Security

Preparing for retirement and attaining financial security is not an easy task for anyone, but women tend to face more hardships than men in this area. Before discussing what women need to know about Social Security, it is important to understand the obstacles women face. The first obstacle women face is that, historically, they spend…

Social Security: 10 Things You Need to Know About Retirement

Social Security is a critical part of retirement planning for millions of Americans. Understanding how the program works, its benefits, and how to maximize your retirement income is essential for a secure financial future. In this article, we will discuss ten important things you need to know about Social Security and retirement. Get help from…

Social Security Calculators: What You Need to Know

Social Security Calculators: What You Need to Know Social Security benefits are an essential part of many Americans’ retirement plans. These benefits are calculated based on a person’s earnings history, making it difficult to estimate the exact amount of benefits one may receive. Luckily, Social Security calculators exist to help individuals estimate their benefits and…

Don’t Disregard America’s Safety Net, Social Security

Thomas Drapala RSSA Staff   The start of Social Security can be traced back to the Great Depression of the 1930s and we can thank President Franklin D. Roosevelt for the idea. At the time, millions of Americans were struggling financially and could barely put food on the table for their families living in poverty….

Social Security Benefits May Be Subject To Taxation

Pamela Kweller RSSA Staff   The 2023 tax filing season has officially begun and the IRS is now accepting and processing 2022 tax year returns. When considering taxes, it is not uncommon for individuals to overlook the potential taxation of their Social Security income. However, it is important to be aware that a portion of…

Three Social Security Changes in 2023

Pamela Kweller RSSA Staff   Every year there are changes to the Social Security program. And with more than 65 million Social Security beneficiaries, these changes impact a lot of people. Here are three significant changes that will take effect beginning January 2023. 1. Social Security beneficiaries will receive more money each month. There will…