Sentences with phrase «making social security»

In the name of making Social Security easier to integrate into your day - to - day life, the agency created «my Social Security», a site where individuals can establish an account, follow their earnings and get an estimate of their future benefits if they're still working.

Collecting unemployment benefits might raise you above that level, making your Social Security benefits taxable even if they previously weren't.

By CBO's estimate, making Social Security solvent would substantially slow debt growth, leading it to rise to 111 percent of GDP after three decades rather than 150 percent.

Possible reforms could include raising the full retirement age for Social Security to 70 for workers who are currently under age 40; cutting benefits; increasing payroll taxes on workers; increasing Medicare premiums; and making Social Security benefits more progressive — meaning cutting benefits for high - income workers, while preserving payouts for low - income earners.

The RSC budget make Social Security sustainably solvent by implementing a slightly modified version of Representative Sam Johnson's (R - TX) «Social Security Reform Act,» which would slow initial benefit growth for higher earners, gradually raise the normal retirement age to 70, and eliminate annual cost - of - living adjustments for higher earners while using the more accurate chained Consumer Price Index (CPI)(currently used for the tax code) for other beneficiaries.

Withdrawls from tax deferred accounts will generally make your Social Security taxable at your nominal rate, say 25 % Federal.

Some retirees look to other countries, where living expenses can be lower, to make their Social Security checks stretch further.

Policymakers should act soon and put all options on the table to make Social Security solvent.

This could tie - in with discussions about Qualifying Longevity Annuity Contracts and, for pre-retirees, about when to start withdrawals (if before age 70.5) or make Social Security claim (age 62 - 70).

Workers make Social Security contributions each month, which appear on your paycheck as Federal Insurance Contributions Act (FICA) taxes.

And not only do we need to strengthen its long - term health, it's time we finally made Social Security more generous, and increased its benefits so that today's retirees and future generations get the dignified retirement that they've earned.

«The name Kingston didn't make the Social Security Top 1,000 Names until 2006, the year Gwen Stefani and Gavin Rossdale used it for their son.

But remember that as you make your social security contributions, they are exempt from tax even though it is part of your income.»

That might help protect social security (AARP has a lot of political influence), but it's not what made social security come about, or the taxes that pay for it.

But remember that as you make your social security contributions, they are exempt from tax even though it is part of your income,» he had explained.

For example, rather than generic calls for «expanding» Social Security, we should be talking about how to make the Social Security formula more progressive to better cover low - income Americans with spotty work records and limited access to retirement savings plans.

Each year, the government makes Social Security changes, such as revising guidelines about how to file for and receive benefits.

The tax, passed as part of the 1983 reforms that were supposed to make Social Security solvent for 75 years, may bother you and me, but it will have a much greater impact on our children and grandchildren.

The recent economic conditions have made Social Security less attractive, and less reliable.

If your money is all in a traditional IRA or pension, your extra income can make your social security taxable — up to 85 % of your Social Security income can be taxed.

If you believe you may be eligible to make a Social Security disability claim, you are urged to contact a Hartford employment law attorney as soon as possible to get the answers you need about the claims process.

Should the employee become disabled, is unable to work, makes a social security disability claim and is approved for Social Security for disability payments, the money is paid out of the social security disability fund.

One number out of place can make your Social Security number the same as another filer's and get your tax return rejected.

Not exact matches

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If you do claim Social Security benefits early, chances are you will take money from another source to make up for that lost income, Myers said.

Taking Social Security retirement benefits at 62 only makes sense in a limited number of circumstances, such as if you are single and terminally ill.

We aim to create 25 million new jobs over the next 10 years, secure Social Security and Medicare for the next 75 years, balance the federal budget by 2030, and make America energy - secure by 2024.

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The report cited once such expert, Allison Nixon of security firm Flashpoint, who said it could be a «loosely knit social circle of kids and young adults» looking to make some sort of statement.

The Social Security Administration recommends that individuals check these records annually to make sure their earnings history is correct.

For some people, it may make sense to draw on 401 (k) assets earlier and defer claiming Social Security benefits until 65 or 70 in order to get much higher benefits from the government plan.

Bush is pro-immigration reform and he says he'd make cuts to Medicare and Social Security benefits, raising the retirement age to 70.

It can also help to keep tabs on your Social Security account while working, to make sure your earnings history is accurate and avoid having a zero - income year included in the calculation.

«He's the real «Make America Great Again,» because if it wasn't for him, old people wouldn't even get Social Security,» she said.

People need to be aware that, when they file for Social Security, they are making a pension election and they are locked in, he added.

«If we are really going to make America great we need to strengthen Social Security...» he said.

In addition, because inflation overall is low, the Social Security Administration did not make a cost - of - living adjustment to its benefits for 2016.

That makes inflation even more painful for seniors, since 22 percent of elderly married couples and about 47 percent of elderly unmarried people count on Social Security benefits for 90 percent or more of their income.

If the provision makes changes to Social Security, increases the deficit beyond the 10 - year budget window, or does NOT produce a change in outlays or revenue than it's considered extraneous.

Obsessive over-sharing on social media makes it pretty easy for a scammer to discover helpful facts about our lives — often enough to correctly answer security questions, but not if you answer them incorrectly.

The report also called for Chinese companies in Africa to make corporate social responsibility a priority and be fully aware and prepared for security and business risks.

Still, many of the individuals making these decisions don't have a full grasp of Social Security benefits.

Those who were born after that date, however, no longer have the ability to employ that strategy, because of changes to Social Security rules made by Congress.

What makes this law firm attractive to those thinking of retiring is that workers receive a retirement contribution of 7.3 percent of pay plus nearly 6 percent of any pay above the Social Security wage base.

Although Sanders and his wife's joint tax return showed income of only a little more than $ 200,000 for 2014 — including his $ 174,000 salary, his mayoral pension, and their Social Security payments — the senator's expected retirement benefits make his situation much more comparable to those in the millionaire class he faults.

In China's case, the principal function of the state will need to shift from making investments or running businesses to providing social services (such as health care, education, social security, and environmental protection).

Section 831 of the law (entitled «Closure of Unintended Loopholes») made several changes to the Social Security Act and closed two complex loopholes that were used primarily by married couples.

The Bipartisan Budget Act of 2015 (Public Law 114 - 74; November 2, 2015), made some changes to Social Security's laws about claiming retirement and spousal benefits.

If you do have to pay taxes on your Social Security benefits, you can make quarterly estimated tax payments to the IRS or choose to have federal taxes withheld from your benefits.

The state made it to the fifth spot on our list thanks to its favorable tax rates, including no Social Security, estate, and inheritance taxes, and low property and sales taxes.