Where you live significantly influences your quality of life, especially if you rely on the fixed income provided by Social Security benefits. While the federal government taxes Social Security income for retirees who exceed a certain income level, most states do not independently tax these benefits. However, this is not the case nationwide, as 12 … Read more
Knowing your rights regarding Social Security benefits is crucial for securing a comfortable retirement. This is especially true for the over 40% of baby boomers who depend on Social Security as their primary source of retirement income. This significant statistic comes from a 2023 report by the Transamerica Center for Retirement Studies, highlighting the importance … Read more
Social Security payments are one of the most uncertain certainties for retired Americans. While funding is often at risk with each new budget, there’s a glimmer of hope as experts begin to predict what Social Security payments might look like in fifteen years. Doing the Math Martha Shedden, a CFP and president of the National … Read more