Norm Haug RSSA Staff Ministers, pastors, and other clergy members serve their communities with unwavering dedication, often making unique financial decisions aligned with their faith. For those who seek exemption from payroll taxes through Form SSA-4361, a realm of intriguing possibilities opens up, including the potential to receive spousal and survivor benefits based on…
Post Type Archives: Resources
The Birthdays That Impact Your Retirement Income
Here are the most important birthdays to keep in mind as they can have a direct impact on your retirement and Social Security.
Did you know that you can waive your Social Security benefit?
Norm Haug RSSA Staff Did you know that you can waive your Social Security benefit? Not that many people would, but most people are unaware of this option and it can provide significant advantages for those looking to optimize their retirement income strategy. Let’s explore what it means to waive your Social Security benefits…
How Returning to Work May Impact Your Social Security Benefits
Norm Haug RSSA Staff Did you know that returning to work after Full Retirement Age could increase your Social Security benefits? But beware of tax considerations. Returning to work after reaching full retirement age can have financial implications, including potential adjustments to your Social Security benefits. When you reach your full retirement age, which…
Understanding the Impact of Foreign Work on Social Security and Medicare Benefits
Norm Haug RSSA Staff When planning for retirement, it’s important to consider how your work history, including any employment in foreign countries, may affect your benefits. While both Social Security and Medicare are important components of retirement planning, the rules governing work in foreign countries differ when it comes to these two programs. It…
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…
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…
The Value of Social Security Advisory Expertise for Medicare Agents and Insurance Professionals
As a Medicare agent or insurance professional, your primary goal is to help clients navigate the complexities of healthcare and financial planning. One crucial aspect of this planning is understanding Social Security, a vital source of income for millions of retirees. By offering Social Security advisory expertise, you can enhance your service offerings, improve lead…
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…