did you know Social Security Admin is closing dozens of their offices


campaignForAmericaLgo

The Social Security Administration has lost its mind.

 They’re about to close dozens of field offices. But don’t worry, they say. Seniors will use their smartphones or laptops if they need help.

 The SSA may think they’ve got a great money saving idea, but this could be disaster for seniors with vision problems or arthritis, or those who can’t afford a computer.

 Social Security is a great system, but it’s often complex. While many seniors are expert computer users, others will struggle.

 Our parents and grandparents deserve to have a human face to guide them. They’ve done too much for us to be abandoned now.

Please sign our petition demanding the Social Security Administration keep community field offices open.

It’s the least we can do

Social Security ACT turned 79 … a repost


Seventy-nine years ago, on August 14, 1935, President Franklin Roosevelt said, “We can never insure 100 percent of the population against 100 percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-stricken old age.”

With that, he signed the Social Security Act into law, ushering in an era of economic prosperity for middle-class families. The first American to get Social Security received 17 cents in benefits. Today, 79 years later, Social Security stands as a major source of income for 54 million Americans who have paid into the system for their entire working lives.

President Obama understands that many seniors rely on Social Security, and believes that every one of them should be able to retire with dignity, which is why he’s acted to strengthen the Social Security system and ensure it remains solvent for years to come.

How some seniors are losing 15% of their Social Security


We all know student debt is out of control. What you may not know is just how bad it’s gotten:

The government is garnishing senior citizens’ Social Security checks to claw back education loans they co-signed for their children or grandchildren. Seniors are losing up to 15% of their earned benefits each month.

There are no exceptions. Neither the borrower nor the co-signer can have student debt absolved in bankruptcy court.

Campaign for America’s Future is in this fight and we want you to join us. This is no longer an issue simply for young people. There is over a trillion dollars in outstanding student debt.

We’re joining the fight with Senator Elizabeth Warren to allow all student loans to be refinanced at today’s lower rates.

Can you support our campaign to fix our broken student loan system with a donation?

We’ll be reaching out to lawmakers and the media, and keeping the pressure on.

But that’s only a first step. Social Security checks should be off limits. Steps must be taken to control costs, especially at online and for-profit colleges.

When a young person opens his or her college acceptance letter, it should be a moment of joy and celebration, not anxiety.

Can you help with a donation to our fight to reform this broken system?

 

Social Security Admin


campaignForAmericaLgo

The Social Security Administration has lost its mind.

They’re about to close dozens of field offices. But don’t worry, they say. Seniors will use their smartphones or laptops if they need help.

The SSA may think they’ve got a great money saving idea, but this could be disaster for seniors with vision problems or arthritis, or those who can’t afford a computer.

Social Security is a great system, but it’s often complex. While many seniors are expert computer users, others will struggle.

Our parents and grandparents deserve to have a human face to guide them. They’ve done too much for us to be abandoned now.

Please sign our petition demanding the the Senate pass S.2742, which would require any future office closures to go through a public review period to ensure that local communities can stand up for their field offices.

It’s the least we can do.

Figuring the tax bill on Social Security benefits


Kiplinger

Will my Social Security benefits be taxable?

It depends on your income. The taxation of Social Security benefits is based on your “combined income,” which is your adjusted gross income (the bottom of page 1 of your Form 1040) plus tax-exempt interest and 50% of your Social Security benefits.

Your benefits are tax-free if your combined income is less than $25,000 if you are single or $32,000 if you file a joint return. Above that level, up to half of your benefits are taxable if your combined income is up to $34,000 on a single return or $44,000 on a joint return. And as much as 85% of your Social Security benefits are taxable if your combined income is more than $34,000 on a single return or $44,000 on a joint return. See Income Taxes and Your Social Security Benefits for details.

Be careful about moves you make that could boost your income and increase your Social Security taxes, such as converting a traditional IRA to a Roth after you start receiving Social Security benefits. Instead of making a big conversion in one year, you may want to spread out your conversions over several years if that helps you stay below the cutoff for paying taxes on your benefits. Also, reducing the amount of money subject to required minimum distributions after you turn 70½ can help you stay below the income cutoff for paying taxes on Social Security benefits. For example, Roths aren’t subject to RMDs, so the more money you convert from traditional IRAs to Roths through the years, the less money that will be subject to required minimum distributions.

For more information about Social Security, see Best Strategies to Boost Your Social Security Benefits.