The social-security tag has no wiki summary.
5
votes
1answer
69 views
What specific quality of life factors need to be addressed when creating a special needs trust?
We are in the process of creating a special needs trust for my daughter. One of the many things we need to think about are the quality of life factors as she gets older and of course as we get older. ...
5
votes
4answers
1k views
How do I opt-out of the Social Security system?
How do I opt-out of the Social Security system and give up my Social Security Number? If I do this, am I then exempt from paying Social Security income tax?
1
vote
1answer
65 views
W2 and 1099 (self employed) income in same year: social security taxable income limit?
For 2013, the maximum taxable social security income for employees on wages is $113,700, and for self employed individuals it is also $113,700 (though obviously at a higher rate).
Suppose a person is ...
2
votes
3answers
81 views
Help required on estimating SSA benefit amounts
Is there a calculator that will estimate my SSA benefit amounts given:
a list of all FICA contributions I (and my spouse) have made till date (and plan to make)
the age at which I intend to start ...
2
votes
1answer
61 views
History of full retirement age: when were there policy changes?
The full retirement age is the age at which at which a person may first become entitled to full or unreduced retirement benefits. On the webpage of the Social Security Administration ...
3
votes
1answer
95 views
Can I attach my Canadian credit profile to my American credit profile?
I'm a dual citizen of the United States and Canada. I have a social insurance number (Canada) and social security number (US). I have a great credit profile attached to the SIN, but no credit profile ...
6
votes
1answer
126 views
Can already-retired immigrants get Social Security or other payments from the U.S. government?
My parents are 83+, and became U.S. citizens back in 2001. They were born as Indian citizens. They moved to the USA after they retired in India. Will they be entitled to receive any monthly payments ...
3
votes
1answer
346 views
Understanding welfare or Social Security paid to naturalized senior citizens in the U.S.?
Social Security is an alien concept in India, from where I am, and this concept interests me: I have been reading and discussing this with friends recently.
One friend from Vietnam, who became a ...
1
vote
2answers
490 views
Benefits of a non-resident alien contributing to FICA
Being an international student on F1 visa, I am a non-resident alien who cannot claim unemployment or SS benefits.
Currently I am working on an internship and my employer was not aware that FICA is ...
3
votes
3answers
194 views
How to protect your parents if they never paid Social Security?
I am helping a friend with some financial advice, but his situation is very unique. His mother (US Citizen) married a foreign national.
He worked all his life as a merchant or in a restaurant he ...
4
votes
3answers
117 views
How should I account for Social Security contributions?
I'm currently tracking all my finances with GNUCash, and splitting the various paycheck deductions into expenses. It's pretty nice to be able to correctly predict what will be on my W2, and it's even ...
8
votes
1answer
954 views
How many years do you need to contribute to Social Security to be eligible for benefit payments in retirement?
Recently I have been reading many articles about the insolvency of Social Security and how not to factor it in any retirement income.
My questions are:
How many years does someone need to pay into ...
6
votes
1answer
409 views
When someone receiving Social Security dies, does the estate have to give back their last “paycheck”?
When someone receiving Social Security in the US dies, I have heard that there are some cases where the estate must return the last payment made by Social Security.
It makes total sense to me that if ...
6
votes
5answers
228 views
Should I take Social Security earlier than full retirement age, or wait for more?
Should I take Social Security earlier than the full retirement age shown on my statement? I'm concerned they'll change the rules and I'll lose out if I wait. :-/
What is the likelihood the rules ...
8
votes
2answers
345 views
Will there be enough money in Social Security benefits to cover baby boomer retirement? [US]
This is in a similar vein to this question. Wondering if the American old age benefits program has also taken into account the larger retiring population. Does the plan have enough money to cover ...
4
votes
2answers
307 views
What is exactly is considered taxable income when you retire?
I'm in my 30's and trying to figure out whether I should convert some of my traditional IRA funds into a Roth. The funds would be taxed at 15% based on my current taxable income. So, I need to best ...
