I don't even think about retirement security. I just think about the returns. >> Exactly.And but people are thinking about their retirement security in a vast different way. They're looking at their health care. They're looking at finances. They're looking at the quality of life and their overall well-being.And when it comes to all of those factors, a new survey um from just revealed that Norway is actually the number one country in terms of retirement security, followed by Ireland, Switzerland, Iceland, an ...

Social Security Benefits Overview - Social Security provides guaranteed income for retirees, survivors, and disabled Americans, funded by payroll taxes [1] - Claiming benefits can start as early as age 62 or as late as age 70 for maximum benefit [2] - Benefit amounts increase over time based on the cost of living, with a 25% cost of living adjustment (COLA) this year [2] Retirement Age and Planning - Full retirement age is typically between 66 and 67, depending on the year of birth [2] - Individuals born in 1960 must wait until age 67 to collect full Social Security benefits [4] - The Social Security Administration website offers calculators to estimate monthly benefits at different claiming ages [4][5] Important Changes - Social Security retirement checks are no longer issued as paper checks; direct deposit enrollment is required [3]

Social Security Overpayment Risks - Social Security recipients may face unexpected bills due to agency errors, potentially owing thousands or tens of thousands of dollars [1] - Even when overpayments are Social Security's mistake, recipients are responsible for repayment [1] - Recipients should verify their earnings history with the Social Security Administration (SSA) to avoid future problems [1] - Maintaining detailed records of all communications with the SSA is crucial [1] Strategies for Avoiding Overpayments - Use online tools like Maximize My Social Security and the AP's basic social security tool to estimate benefits and identify potential errors [1] - If returning to work while receiving Social Security disability benefits, carefully monitor income to stay below the Substantial Gainful Activity (SGA) limit, currently $1,470 per month [1] - Report worker's compensation benefits to Social Security to avoid overpayment issues [2] - Individuals with low incomes who are elderly or disabled receiving Supplemental Security Income (SSI) must adhere to complex rules, including declaring the value of resources like shelter [3] Recourse and Assistance - Individuals with low incomes who qualify for a full subsidy of Medicare Part D premiums are eligible for a $10 per month overpayment repayment program [4] - Legal aid lawyers and federally financed protection and advocacy programs may offer free legal help to those on SSI or who are disabled facing overpayment issues [5] - The National Organization of Social Security Claimment Representatives provides resources and support [7]

The trust funds that the Social Security Administration relies on to pay millions of U.S. retiree benefits could be depleted by 2034, according to a government report released this week. https://t.co/R35PuhBeRp ...