7 Retirement Must-Knows for 2025
Higher retirement plan contribution levels, lower ‘safe’ withdrawal rates, changes to Social Security benefits, and more.
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What’s the Social Security Windfall Elimination Provision?
2:19 More states are beginning to make it easier for employers to offer retirement savings programs to help employees save through a payroll deduction. 1:00 Retired Social Security Administrator ...
A $196 Billion Giveaway? Critics Decry The New Social Security 'Fairness' Act
The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an ...
Preparing retirees for changes in Social Security Fairness Act
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without ...
Orlando Sentinel6d
The Savings Game: How the repeal of WEP and GPO will be implemented
On January 5, President Biden signed the Social Security Fairness Act that repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) provisions of Social Security ...
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Social Security prepares an adjustment with an increase for some retirees
In a groundbreaking move, the Social Security Administration (SSA) has announced a significant increase of $360 per month in ...
Los Angeles Times5d
Elderly and cash-strapped, a couple consider a proposal to sell their home to neighbors
Answer: The Social Security Fairness Act, which did away with the windfall elimination provision and the government pension offset, was signed into law Jan. 5. These two provisions affected people ...
lagradaonline4d
Increase of $360 for all these people – check to see if you qualify
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) will be directly eliminated on January 5, 2025, as part of the Social Security Fairness Act law. In the past, these clauses ...
The Valdosta Daily Times6d
KENT PATRICK: Understanding the Social Security Fairness Act
The Windfall Elimination Provision (WEP), enacted in 1983, reduces Social Security benefits for retirees who worked in jobs where they did not pay into Social Security but also worked other jobs ...
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What’s the Social Security Windfall Elimination Provision?
If you qualify for Social Security and collect a pension from a job that doesn’t pay FICA taxes, your Social Security income will be reduced but not eliminated. If you qualify for Social Security and ...