How does the Social Security system create inter-generational transfers of wealth? How did the Roosevelt administration design Social Security? What its the economic rationale for the current Social Security system? What will be the basic problem of financing Social Security in the...
Social Security for the Suddenly Singlecan be found on Amazon atthis link. This book is narrowly-focused on divorcee Social Security strategies and rules. It is also available in aKindle version. Sterling’s first book,Lose Weight Save Money, can bepurchased by clicking this link. The book ...
and therefore earned only a small amount of income under Social Security taxation, the resulting Social Security benefit calculation (without WEP) provides the higher income replacement rate with no regard for a pension being received
(b) How does it affect Social Security retirement benefits? Discuss the funding of Social Security. What determines the benefits received from Social Security? What are the three types of formulas used to determine pension benefits for defined benefit pe...
While the Social Security Administration formulas and acronyms tell us how much $ we may receive, for value, more important iswhen.. when we paid the taxes, and when we receive the benefits. Naturally it is more rewarding to receive income now versus 30 years from now. ...
Below is the historical maximum income amounts that that must pay Social Security Tax. FICA stands for Federal Insurance Contributions Act, which includes 6.2% for Social Security Tax and 1.45% for Medicare tax. The flip side of this is that as the taxable maximum increases, so does the maxi...
“But to try to nudge people without informing and persuading them, that seems like a mistake.” Basic economics and biology suggest otherwise (in many cases). Rational cognition is costly, both economically and biologically. Economically, it takes time, training and effort to think clearly and ...
(*upon distribution), not the property of the employer. The same is true for vested traditional qualified pension plans. However, with certain nonqualified retirement plans and non-vested plans or funds, there is a strong possibility that these assets could be accessed by your employer’s ...
Using capital gains and losses to help offset your cost when doing a Roth conversion. This income offset can really help keep the cost down.
Today we’ll continue on the journey of examining the lessons of George S. Clason’s exceptional bookThe Richest Man in Babylon. If you’d like to start back at the first lesson, you can find ithere. Today’s lesson is from the chapter entitled “The Five Laws of Gold”. ...