Many seniors struggle financially when they go from earning a salary to living off a more limited fixed income. That’s why it’s important for retirees to take advantage of whatever tax breaks come their way.
Category: Elderly (Senior Citizen)
Here’s How Much the Average Senior Gets From Social Security Each Year
Though there are numerous possible channels of income available to senior citizens once they retire, Social Security can arguably be described as the most vital. According to data from the Social Security Administration , 61% of all seniors currently receiving benefits, as well as 71% of unmarried elderly beneficiaries, count on their Social Security benefits to comprise at least half of their monthly income.
The 5 Best States to Retire In 2017
Choosing a place to retire is a major decision, and there are many factors to consider. For example, affordability and access to great healthcare are important to many seniors, as is good weather and abundant entertainment options.
81 Years of Social Security’s Maximum Taxable Earnings in 1 Chart
Social Security income is vital to the financial well-being of a majority of seniors during retirement. Data from the Social Security Administration shows that better than three in five retired workers rely on their Social Security benefits for at least half of their monthly income during retirement.
What Is the Tax Credit for the Elderly or the Disabled?
Seniors today face a world of expenses, from housing to transportation to healthcare . Similarly, those who are disabled often have difficulty making ends meet, especially when their conditions render them unable to work.
Republicans’ Sweeping Social Security Reforms Could Be Just What the Program Needs
For many working Americans, Social Security is a program that’s probably out of sight and out of mind. For those on the doorstep of retirement or currently retired, Social Security is more likely than not a vital income source that helps them make ends meet.
Can You Pass This Quiz on Social Security Benefits?
For many Americans, Social Security will be a vital source of income during retirement. The most recently released data from the Social Security Administration found that 61% of current beneficiaries rely on Social Security to provide at least half of their monthly income.
Social Security in 2017: 12 Stats Everyone Should Know
You might not appreciate it yet, but Social Security is vital to most Americans. And it looks like it may be undergoing some big changes, as Republican lawmakers have proposed cuttingbenefits and increasing the retirement age to 69. Given all that, it’s more valuable than ever for you to know more about Social Security.
Women really are better doctors, study suggests
If male doctors were able to do as well as their female counterparts when treating elderly patients in the hospital, they could save 32,000 lives a year, according to a study of 1.5 million hospital visits. A month after patients were hospitalized, there was a small, but significant difference in the likelihood that they were still alive or had to be readmitted to the hospital depending on the gender of the doctor who cared for them, according to the study published in JAMA Internal Medicine .