The State of Social Security

Every year from 1982 until 2020, Social Security's cash reserves have increased. That means for all those years, Social Security brought in more cash than it paid out in benefits. In that same time, Social Security's cash reserve went from $25 billion to almost $3 trillion.   However, due to the pandemic...
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What is an ABLE Account?

In December 2014, the ABLE Act was passed which allows certain people with disabilities the ability to create a tax-free savings and investment account while receiving SSI benefits or Medicaid. Both SSI and Medicaid have income and resource limits, which you can check out in my prior blog, that would preclude people...
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Five Important Facts About Social Security Benefits

Fact #1: Social Security is more than a retirement program. In June of 2019, statistics reveal that 1 in 6 U.S. Residents collected Social Security benefits, which includes retirement benefits, disability benefits, and young survivors of deceased parents benefits. This means that 63 million Americans are receiving Social Security benefits in one...
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