“If your income has recently dropped, you may appeal to the SSA for a lower premium. The IRS may be providing the SSA with older data that needs to be updated,” said James B. Twining, CFP, founder, and CEO of Financial Plan Inc. The hold-harmless provision also protects beneficia...
Multiple variables, such as salary and other sources of income, determine the dollar value of the Social Security benefits that about 65 million retirees receive. So, it’s not possible to say the exact amount of money you will receive. But once you’ve worked with the SSA to estim...