Will Social Security Be There When You Retire?
Social Security is projected to face a funding shortfall in 2034, leading many Americans to wonder if it will still be there when they retire. While the system won’t go bankrupt, benefits could be reduced by about 20% unless Congress acts. Our analysis at Greenbush Financial Group explores what 2034 really means, why lawmakers are likely to intervene, and how to plan your retirement with Social Security uncertainty in mind.
Turn on Social Security at 62 and Your Minor Children Can Collect The Dependent Benefit
Not many people realize that if you are age 62 or older and have children under the age of 18, your children are eligible to receive social security payments based on your earnings history, and it’s big money. However, social security does not advertise this little know benefit, so you have to know how to apply, the rules, and tax implications.
