Social Security Benefits Get A 5.9% COLA Increase For 2022
Social Security benefits are poised to get the largest annual increase in decades. Here’s what beneficiaries can expect when those checks start this month.
Service Before Self
As the calendar turns to November and we approach 11/11, it is customary to thank those who have served in the Armed Forces and remember those who gave their last full measure. As a Veteran and a member of the Beacon Family, I am humbled by this opportunity to share my thoughts about service, and how I learned the meaning of “Service Before Self.”
5 Steps to Keep Your Retirement Plan On Track
If you think retirement income planning sounds like a buzzkill, you’re not alone. We all have dreams of what we want our retirement to look like, where we will live, how and with whom we’ll spend our time. But, without the right planning, the reality might be less than ideal.
Maximizing Social Security Benefits: Get the Most Out of Medicare and Pay Less in Taxes: Part 3
As you’ve seen in our previous sections, there’s a lot you need to know and learn about social security. How to impact and maximize the income you receive from it, but also to minimize the tax impact on your social security, other income and Medicare costs.
Maximizing Social Security Benefits: Get the Most Out of Medicare and Pay Less in Taxes: Part 2
In your working years, you are contributing 6.2% of your pay to Social Security, and your employer is matching that, so 12.4% of what your income would be is being contributed into Social Security. That’s a pretty big amount. If you are self-employed, you pay the employees part and the employer’s part, so 12.4%.