Recently, there have been 3 things that have come to light surrounding Social Security. Unfortunately, all 3 of these negatively affect the financial security of senior citizens nationwide.
With the pandemic raging on, seniors need to remain cautious. Thankfully, the SSA's website is a great tool that can help seniors stay safe while still performing the tasks needed for their Social Security.
Many don’t realize it, but more and more senior citizens are seeing their Social Security benefits taxed as income. This is because, even after years of watching COLA increase payments to combat inflation, there are income thresholds that remain unchanged.
As the delta variant spreads and the pandemic rages on, there is an outcry for another stimulus check. However, this additional cash, although beneficial, would not be enough to help seniors long term.
Retirement benefits are earned through years of hard work. Unfortunately, it seems that the full payments many are used to are no longer guaranteed. What does this mean for seniors? Will they be able to earn additional income to make up the difference?
