Social Security
Written By: Catherine (Katie) Buck We will cover: What is social security? Social Security Planning Benefit Reductions Social Security The Social Security Bill was signed into law on August 14th, 1935 by Franklin D. Roosevelt. The benefits for retired workers were designed to prevent dependency and entitle retirees to some form of…
Written by: Nicole Gobel, CPA There have been several big announcements this past week that will benefit taxpayers and are meant to be a means of combatting the high inflation we continue to see in many areas of the economy. Social Security recipients will be receiving a substantially larger benefit in 2023 on top of…
Written by: Harmony Wagner, CFP® With inflation at 40-year highs, American households are feeling the pinch. For April and May, the year-over-year inflation figures were 8.3% and 8.6% respectively, and with issues on both the supply and demand side of inflation, many people fear that inflation may persist through the summer months and perhaps even…
Written by: Vincenzo Testa, CPA As seen in the Saratogian The Social Security Act was signed into law by President Roosevelt on August 14, 1935. It was created as a safety net for elderly, unemployed and Americans who are at a disadvantage. When an American worker receives a paycheck on their earned income, they pay…