Your Contributions Make Our Nation Stronger

man & woman reading on the couchAt first, seeing taxes taken out of your paycheck can be a little disappointing. However, you can take pride in knowing you’re making an important impact each week when you contribute to Social Security. Understanding how important your contribution is takes some of the sting away because your taxes are helping millions of Americans — and protecting you and your family for life — as well as wounded warriors, the chronically ill, and disabled. Continue reading

facebooktwitterlinkedin

Knowing where you stand now with Social Security will pay off

beth kobliner For most people, Social Security is a mystery. We see that 6.2 percent deduction on our pay stubs and wonder: What does it mean for my financial future? The answers: A lot. And not enough.

After tax season, take a few minutes to go online and read your Social Security statement. Even if your retirement is 30 or 40 years away, you need to know where you stand now. The Government Accountability Office tells us that nearly a third of households with members ages 55 and up have no retirement savings plan or pension in place—zip. That means Social Security is the only post-retirement pay they’ll get – and the estimated average monthly benefit for retirees (as of 2017) is just $1,360. (See what I mean by “not enough”?) Continue reading

facebooktwitterlinkedin

What is FICA

FICA taxes help provide benefits for retirees, disabled people and children. This contribution helps your parents and grandparents have a secure retirement while securing today and tomorrow for you and your future family. Learn more about FICA. Continue reading

facebooktwitterlinkedin

You, Women’s History, and the Power of Social Security

March is Women’s History Month — a time to focus not just on the past, but on the challenges women continue to face. Nearly 60 percent of the people receiving Social Security benefits are women, and in the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. Knowing this, you can be the author of your own rich and independent history, with a little preparation. Continue reading

facebooktwitterlinkedin

Does It Sound Too Good To Be True?

Have you heard the expression, “If it sounds too good to be true, it probably is.”?  That is a good rule of thumb to spot a scam. Educating yourself is the best defense against fraud, identity theft, and scams. National Consumer Protection Week, sponsored by the Federal Trade Commission (FTC), takes place March 5 to11, 2017. It’s the perfect time to learn about and share ways to make informed choices and protect yourself. To learn more or to get involved, visit the FTC website. Continue reading

facebooktwitterlinkedin

Set a Goal, Make a Plan, and Save Automatically: America Saves Week

Saving for the future is a vital part of ensuring a secure retirement. American Savings Education Council and America Saves coordinate the annual America Saves Week. Started in 2007, the week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Continue reading

facebooktwitterlinkedin