Immigrants who receive provisional legal status under President Obama’s new executive orders may be eligible for Social Security and Medicare or Medicaid benefits. Under the President’s plan, U.S. residents can apply for provisional legal status if they have lived in the U.S. for at least 5 years, can pass a criminal background check and have
Social Security
Early Retirement and Investing
By Leslie A. Mitnick on
Posted in Employment, Social Security
Many individuals take an early retirement, at age 62, the youngest age at which you can currently receive your Social Security retirement benefit, thinking that they can get a better return on their money by investing the amount they receive from Social Security. Most retirement experts do not advise this course of action. First of…
Social Security Retirement — What is the Windfall Reduction Provision?
By Leslie A. Mitnick on
Posted in Social Security
If you work for more than one employer in your career, including both employers that do not withhold Social Security payroll taxes and employers that do withhold SS payroll taxes, the pension you receive from the employer who doesn’t withhold payroll taxes may reduce your overall Social Security Retirement benefits.
Many people do not become aware of the windfall reduction until they apply for their Social Security Retirement benefits and SSA learns that the applicant is also entitled to a “private” pension from a non-withholding employer.
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