Posted on 01 September 2020. Tags: Social Security, executive order, payroll tax, retirement, solvency
On Aug. 14, Social Security celebrated its 85th birthday. Instead of enjoying the celebration, the program had to deal with an Executive Order from Donald Trump which instructed the IRS to stop collecting the payroll contributions that fund the program.
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Posted in Pushback, Your Money
Posted on 24 August 2020. Tags: Social Security, age, benefits, early filers, penalty
Starting Social Security early typically means getting a smaller benefit for the rest of your life. The penalty is steep.
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Posted in Retirement, Your Money
Posted on 15 August 2020. Tags: COVID, Social Security, Trump, coronavirus, cuts, payroll tax, personal finance
President Donald Trump’s push to cut Social Security payroll taxes for the rest of the year, and even arguing for a permanent cut, would do little to bolster the coronavirus-battered economy
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Posted in Your Money
Posted on 09 August 2020. Tags: Executive action, Medicare, Pandemic, Social Security, Trump
President Donald Trump on Saturday bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount.
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Posted in Features, Pushback
Posted on 24 April 2020. Tags: COVID-19, Medicare, Pandemic, Social Security, Trust Fund, Trustees report, report
Even if employment rebounds by the end of this year and payroll taxes return to near-normal levels, the shock from the pandemic shutdown could accelerate the depletion of the Social Security trust fund by about six months.
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Posted in Your Money
Posted on 03 February 2020. Tags: Medicare, Social Security, elder, grandparents, lessons, parents, report, trustees
While the promotion of self-sufficiency is admirable, government entitlements warrant preservation since they provide a financial safety net.
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Posted in Sondra's Musings, Features, Grandparenting, Your Money