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Tag Archives: Social Security

House GOP forcing 2016 debate on Social Security's finances

WASHINGTON — House Republicans want Congress to address the troubled finances of Social Security’s disability program, setting the stage for a contentious debate that could affect 11 million people in the middle of the next presidential campaign. The House has adopted a procedural rule that could force lawmakers to tackle the issue by the end of 2016, when the program ...

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IKE TROTTER: There are primary changes in Social Security for 2014

The Social Security Administration (SSA) has recently announced that Social Security and SSI beneficiaries will receive a 1.5 percent cost-of-living (COLA) adjustment for 2014. According to the SSA’s announcement, after the COLA adjustment, the estimated average retirement benefit will rise from $1,275 in 2013 to $1,294 in 2014. Here are the other primary changes to Social Security in the year ...

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Owners of assisted living facility charged with fraud, embezzlement

BOONEVILLE — A Prentiss County husband and wife have been indicted and arrested on charges of false pretense and embezzlement, Attorney General Jim Hood reports. Dirley Jones, 63, and Rita Jones, 62, of Booneville turned themselves in to authorities in Prentiss County. The arrests followed recent indictment by the Prentiss County Grand Jury on three counts felony false pretense and ...

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TROTTER: Social security claiming strategies

Today almost half of those filing for Social Security benefits do so at age 62, the earliest age to which the law makes eligible. Some choose to delay benefits and postpone using their retirement savings as an income source. Others apply out of necessity; their financial situation leaves them little choice. Weighing everything involved, what are your thoughts to this ...

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Read January 11 issue of MBJ

>> BIG IDEAS Innovate Mississippi to encounter “real-world” market tests at Startup Weekend— by Ted Carter Also in this week’s paper: >> ENERGY No land deal stalls Winston County refinery plans— by Clay Chandler >> REAL ESTATE New name, new developer push Starkville development forward— by Clay Chandler >> APPROPRIATIONS Ethics commission chief expects agency to escape budget ax— by ...

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Social Security claiming strategies

According to current data, roughly half of retirees claim Social Security benefits today by age 62 –or as soon as they become eligible. And while some people delay benefits and postpone using their retirement savings as an income source, far more today apply out of necessity; their financial situation leaving them little in the way of choice. These factors aside, ...

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Financial considerations for 2013

We are now in plain view of our country’s “fiscal cliff.” After the election, Congress may or may not end up keeping income and estate tax rates at their recent levels. Next year may bring some notable financial developments, and it isn’t too soon for households to think about what may be in store: You may want to prioritize tax ...

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Could it be your Social Security income will be taxed?

Many new retirees today assume that Social Security income (SSI) is tax-free. Unfortunately, that is not always the case these days. This is because the door to taxation was opened in 1983 when Congress passed a law in which some might have to pay . . . depending on the amount of income earned. How much of your SSI is ...

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