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…
Post Type Archives: Resources
Protect Yourself and Your Money From Scams
Scams are common, but there are things you can do to protect yourself.
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…
Social Security just raised your 2023 Taxes by $818!
Norm Haug RSSA Staff Social Security just raised your 2023 Taxes by $818! That’s right! And nobody told you until now. If you earn more than $160,200, you will pay $818 more in payroll taxes in 2023. Additionally, your employer will also pay $818 more in payroll taxes in 2023. This is the largest…
The 2023 Social Security COLA is 8.7%
Pamela Kweller RSSA Staff The September 2022 Consumer Price Index (CPI) report was released today, providing the final calculation for the 2023 Social Security Cost of Living Adjustment (COLA). And the official 2023 Social Security COLA is a whopping 8.7 percent! According to the Social Security Administration, “The 8.7 percent cost-of-living adjustment (COLA) will…
Local Social Security Offices Reopen to the Public
It was just released that local Social Security offices will be restoring in-person services on Thursday April 7, 2022.
Four Obstacles Women Face When Planning for Retirement
Learn about the obstacles in a woman’s path to a financially secure retirement and learn what women can do combat these challenges.
How Employment Impacts Your Current and Future Social Security Benefits
If you are earning income while collecting Social Security, your benefit may be impacted.