Learning Center

Why Does Social Security Exist?

Historically, older individuals who had reached a point where they were physically or mentally incapable of working any longer were cared for by family members. In many cases, families stayed within the same home or on the same land for many generations, and because mass transit and personal automobiles didn’t…

Does Social Security Have a Death Benefit?

As seniors age, life planning issues become more important. Part of the process of life planning is ensuring that loved ones left behind after death are financially secure, but many seniors wonder whether or not there is a death benefit involved in passing on Social Security income. Many financial retirement…

Does Social Security Call You About Suspicious Activity?

Scams and scammers have existed since the dawn of human history, but these days, the Internet has made it easier than ever for unscrupulous individuals to gain access to personal data for nefarious purposes. While many scams involving personal data revolve around using information to open fraudulent credit accounts, more…

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Will Social Security Run Out?

The Social Security program was created as a way to assist seniors with a monthly source of income after retirement, and it is administered by the Social Security Administration. There were many contributing factors to the need for such a program, including improvements in medical care that extended life expectancies…

When Does Social Security Become Taxable?

When you retire, you begin seeing a monthly deposit from the Social Security Administration. The amount of these benefits is determined based on your age at retirement, your income, and your work history. But, after retirement, questions that commonly pop up include: Do I still have to pay taxes, and…

Does Social Security Count as Income for Medicaid?

The Social Security Administration (SSA) oversees and manages several federal programs that pay allotments to beneficiaries and qualifying dependents. Whether your income from the SSA will be included or excluded for Medicaid eligibility will depend upon which federal program you are enrolled in. TYPES OF SOCIAL SECURITY INCOME INCLUDED IN…

Does Social Security Count as Income?

Although Social Security is used as supplemental income for many recipients, others rely on it as a sole source of income. Regardless of the case, it’s important to know whether or not Social Security payments count as income for tax purposes and other financial contracts. In most cases, tax liability…

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When Does Social Security Start?

Social Security is a source of monthly funds that many seniors rely on in order to take care of household costs, including food and utilities. It was put into place in 1935, and today, the program serves nearly 100 million people across the United States. The program is designed to…

Can You Laminate Your Social Security Card?

Laminating documents can be a great way to protect them while also adding support and preventing tears and wrinkles. The downside to lamination, however, is that it can prevent access to the actual original document itself. Because a laminated piece of paper is encased in plastic, it can be difficult…