America Saves Week

America Saves Week, February 22-27-2016, reminds us all of the importance of saving and investing for the future. The Social Security Administration is one of many public and private organizations participating in America Saves Week. The “For Savers” section of the America Saves Week website has specific ideas that you might find useful A first step…
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Need A Replacement SSA-1099?

Q: For taxes, how do I replace my 1099 from Social Security? A: The SSA-1099 tax form is mailed each January to everyone receiving Social Security benefits. For tax purposes, it shows the total amount of benefits received by you from Social Security in the previous year. If a replacement 1099 is needed, the easiest…
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Starting Retirement Before FRA

When I teach retirement seminars, many questions are about when to start Social Security benefits. The “best time” depends on your plans. A one size fits all best time to retire does not exist. Deciding to retire is a major decision and Social Security benefits are just one part of that decision. Some of the…
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What Is The Maximum 2016 Social Security Retirement Amount?

The maximum monthly Social Security retirement amount payable in a year generates a lot of interest. Here is the 2016 amount. To be clear, this will be the maximum amount payable to a person retiring exactly at full retirement age (FRA) in 2016. This is not the same as the highest possible Social Security retirement amount.…
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Is Your W-2 Form Correct?

Soon we will start receiving W-2 forms for 2015. Rather than just tossing it on the table until needed for completion of your taxes, make sure your W-2 is correct now. It is important that your name and Social Security number (SSN) be correct on your W-2 form. In the short term, a mismatch between your…
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