66-Year-Old Millionaire from Washington Finds One Mistake Could Halve His Social Security Income
A Retirement Dilemma: The Impact of Claiming Social Security Early Scott, a 66-year-old retired millionaire from Bellingham, Washington, has been considering when to claim his Social Security benefits. He has a substantial net worth, no debt, and manages to live well below his investment income. His family history suggests longevity, with parents and grandparents living […]
His $36,000 in rental earnings makes 85% of his Social Security taxable, year after year.
Quick Read When net rental income surpasses $36,000, retirees will consistently exceed the $34,000 income limit each year, leading to 85% of their Social Security benefits being taxed. The $34,000 threshold for single filers regarding Social Security tax has remained unchanged since 1984, with no adjustments for inflation. Maximizing depreciation deductions and opting to withdraw […]
2032 Might Be a Significant Turning Point for Social Security
If you’re currently depending on Social Security or planning to in the future, it’s important to keep an eye on 2032. While it feels like a distant date, it marks a significant moment when the Old Age Survivors Insurance (OASI) trust fund is projected to run out of reserves. Specifically, the OASI trust fund is […]
Senator Maria Cantwell does not label illegal immigration as a security issue.
Illegal Immigrant Linked to Terror Plot A Senate Democrat has hesitated to link illegal immigration directly to national security risks, even after it came to light that a plot against the UFC event at the White House was orchestrated by immigrants from Mexico. Abraham Alvarez, an illegal immigrant who overstayed his visa, has been identified […]
Social Security Recipients May Get a Significant Cost of Living Adjustment Next Year
Social Security recipients have enjoyed significant cost-of-living adjustments lately, and it seems that next year might bring even bigger changes. After inflation surged in 2021 and 2022, retirees received adjustments of 5.9% and 8.7% to their monthly payments. However, since then, the COLA has been trending downward. Last year’s adjustment of 2.8% felt modest compared […]
RFK Jr. Suggests Social Security Should Cut Benefits by 25.2% Right Away as Financial Trouble Approaches
quick read The 2026 report from the Social Security Administration Board indicates that to maintain solvency, benefits would need to be cut by 25.2%. However, a more practical fix likely involves a mix of payroll tax hikes and gradual cuts. Waiting until age 70 to enroll in Social Security can increase benefits by 8% each […]
Eight Undocumented Workers Charged for Using Stolen Social Security Numbers to Gain Employment in Kentucky
Federal Authorities Charge Eight Illegal Immigrants in Kentucky Federal officials have arrested and charged eight illegal immigrants for allegedly using stolen Social Security numbers to gain employment in Kentucky. On May 21 and 22, thirteen illegal aliens were apprehended in the Paducah area as part of the Department of Homeland Security’s Operation Reclaim America. Of […]
States claim that this leading security camera company has connections to the Chinese military — it also sells baby monitors.
A home security and baby monitor company, Lorex, is reportedly linked to the Chinese government. Missouri Attorney General Katherine Hanaway stated in a Monday press release that this communist influence has been “meddling in our cradle” for a while now. She has filed a lawsuit against Lorex, a prominent seller of WiFi cameras, including indoor […]
US State Department alerts Americans to increasing security threats in a historic area
U.S. Travelers Warned About Middle Eastern Security Risks American travelers heading to the Middle East are being advised to stay alert, as U.S. officials indicate that the security landscape there remains unstable. This comes amid discussions between Washington and the Iranian government around a temporary agreement aimed at mitigating regional tensions. According to reports, U.S. […]
Poland and Germany Strengthen Security Partnership with Joint Defense Agreement
Poland and Germany Strengthen Defense Pact Amid Rising Tensions On Wednesday, Poland and Germany formalized a new defense agreement aimed at enhancing security and military collaboration, particularly in light of escalating tensions with Russia. The pact was signed by Defense Ministers Władysław Kosiniak-Kamisz and Boris Pistorius during a ceremony in Warsaw. This is Poland’s third […]