Money

I am on SSDI an my spouse is on SSDI. He has liver cancer. When he passes away, how will SSDI work?

Here's what I'm trying to do and what I found out, but would like to confirm. I'm a U.S. citizen and permanent resident of Japan, having lived here 40 years. I live with my same sex partner of more than 20 years. While I'm eligible for U.S. social security benefits (I'm 67 now) I have not started taking retirement benefits yet. Since I'm still working, I thought I would try to wait until I turned 70 for maximum benefits. I'm lucky that even though I've been here so long I've managed to accumulate enough credits so I can get benefits which would be helpful. Also, even though I have national health insurance in Japan, I signed up for Medicare Parts A and B when I turned 65, in case I should ever need treatment in the U.S. - like on a visit. What I'm trying to do is this: I would  like to ensure that my partner receives social security survivor benefits when I eventually pass away. He has never been to the U.S. And we cannot marry in Japan. My benefits would be of great ass

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Drivers: Keep an Eye Out for New Toll Road Scams. Criminals pretend to be highway officials requesting payment after your trip.By Ken Budd, AARP. Published July 05, 2024. Taking a road trip this summer? Gas prices and traffic jams aren’t your only concern. Cybercriminals are now asking drivers to pay fake highway tolls. The scam began gathering steam in early March, according to the FBI, and it appears to be growing more prevalent. https://www.aarp.org/money/scams-fraud/info-2024/toll-road-texts.html

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! Scammers Who Commit Title Fraud Steal Your Identity — Then Your Home. Criminals can use public information to victimize both buyers and owners in this real estate scam. By Matt Alderton, AARP. Published July 16, 2024. Since his untimely death from a heart attack in 1977, Elvis Presley’s adoring fans have been flocking to his home to pay their respects. This spring, however, Presley’s mansion in Memphis, Tennessee, attracted an entirely different kind of admirer: Naussany Investments & Private Lending (NIPL), a dubious investment firm that tried to sell the King’s Graceland estate after purporting to have acquired the deed from his late daughter, Lisa Marie Presley. ​According to a lawsuit filed by actor Riley Keough, who is Elvis’s granddaughter and Graceland’s trustee, NIPL claimed to have granted a $3.8 million loan to Lisa Marie Presley in 2015, at which time she offered the deed to Graceland as collateral. When the

Share your tips and tricks for saving money. For example, I like flavored water without sweeteners or carbonation but the price of bottles at the store just keep going up and up with fewer sales.  I was in Walmart and saw a mainstays wide mouth mason jar infuser lid for $1.50 (less than the cost of one premade bottle).  I add water to a large mason jar, put some frozen fruit, usually purchased on sale, in the infuser and leave it in the refrigerator overnight.  Not only do I have cheaper flavored water but I can make my own flavor blends.  What are you favorite quick and easy ways to save money?

FROM ARTICLE - SEE ARTICLE FOR MORE!!! Multiple tenants all expect to move into the same house. By AARP. Published July 19, 2024. Phillip and his family are planning a move from Las Vegas to Denver and need a new place to live quickly. He finds the perfect rental house on Craigslist but he doesn’t want to take any chances and flies to Denver to tour the home with the real estate agent. A few days after he moves in, a woman knocks on the door claiming she has also rented the house. They realize this is more than just a crazy mix-up when a second person arrives expecting to move. https://www.aarp.org/podcasts/the-perfect-scam/info-2024/-family-left-homeless-rental-scam.html

Long story short, I work a full time job and I will be 67 yrs old .  I recieved a notification from SS that I can start collecting my full SS. Friends are telling me not to start collecting since I am still working full time. Why isn't it a good idea to start now. Will I pay more for Medicare or will I pay more taxes. Thanks! 

  SSA.gov - Office Closings and Emergencies -Closures or Delays AffectingIn-Person Service From the link ~Due to widespread IT outages due to the global Microsoft and Crowdstrike issues, local Social Security offices are closed to the public today. Our phone line remains open and many online services at ssa.gov remain available. We appreciate your patience while we work to restore services as quickly as possible.For people who are deaf or hard of hearing and use TTY, our TTY line remains open - 800-325-0778.  

Dear Colleagues: When trying to determine the value of survivor benefits. SSA is telling us the survivor benefit amount is based on the deceased persons "basic" benefit calculated at full retirement age. AARP articles are saying the benefit amount is what the deceased person's benefit calculated at the date of death, including any delayed benefit increases. See AARP article May 1, 2024 by Tamara Holmes.https://www.aarp.org/retirement/social-security/info-2024/benefits-couple-strategies.htmlThis article clearly says that "But “if they wait until 70 and earn those delayed retirement credits, that will increase the survivor’s benefit." Another article confirms the AARP analysis. https://articles.opensocialsecurity.com/survivor-benefit-calculation/It notes that if the deceased spouse dies before FRA, the survivor benefit is the primary insurance amount (PIA). Can anyone help us solve this? Will the survivor benefit be the PIA or the delayed benefit amount? Thanks!

 I have been periodically skimming(on strong market days)  from my ROTH and investing in T-Bills in order to have more (and less volatile )cash on hand for down the road. As they pay out interest, I put it my HYSA.  I am just wondering if there is any real downside to this strategy?

  AXIOS. 07/15/2024 - Change Healthcare cyberhack fallout ripples to consumersPay attention folks -  from the link ~The Change Healthcare cyberattack shook U.S. health care to its core for months and exposed major cyber vulnerabilities. But the likely ripple effects on individuals are only now becoming apparent.Why it matters: As many as 1 in 3 Americans may have had personal information compromised, some of which is purportedly being trafficked on the dark web — and is expected to enable identity theft, as well as tax, insurance and mortgage fraud.And experts say the people with the most at stake aren't aware they're at risk. .. . . . . Between the lines: The lack of details is compounding frustrations with Change's parent, UnitedHealth Group, which was harshly criticized in Congress for not having basic safeguards like multi-factor authentication in place, and is facing huge legal and financial ramifications.UnitedHealth recently revealed the compromised

Hello, I received a letter from a former employer concerning a data breach. The letter explained what happened, and what information was involved. The information that has been impacted was Social Security number, driver's license number, passport number, name, address, and other government issued identification numbers that were on file. The former employer is offering complementary credit monitoring and identity theft protection services through IDX, a ZeroFox company. This protection will be available for 12 months after enrolling.My question is why they are only offering 12 months of protection, my information has been leaked because of their poor cyber security measures and I will have to deal with this issue for the rest of my life. What can we as victims do to make the companies that were involved in a cyber security incident be responsible for the life of the person affected by the breach?

When u buy new or used can do per monthly??

FROM ARTICLE - SEE ARTICLE FOR MORE!!! Why You Shouldn’t Answer Calls From Unknown Numbers. Avoid scams — including the ‘say yes’ or ‘can you hear me’ scam – by ignoring unsolicited callers. By Matt Alderton, AARP. Published July 08, 2024. If you watched television in the early aughts, you probably remember the iconic commercials from Verizon Wireless where a roving cellphone spokesman offered up a simple yet sticky catchphrase: “Can you hear me now?” Some 20 years later, callers are still asking folks on the other end of the line if they can hear them. But now it’s often scammers doing the asking, according to the Federal Communications Commission (FCC), which has warned consumers about so-called “can you hear me” scams — also known as “say yes” scams. https://www.aarp.org/money/scams-fraud/info-2024/unknown-number-do-not-answer.html

Hello I live in Vallejo California and I spend half of my net income on my rent. I have a plied for numerous low income senior housing places and also for section 8, but I’m still waiting to get harder and harder. Does anyone have suggestions of organizations that will help with rent thank you LYNDA 

I received an AARP WEBLETTER that had an article regarding 12 supermarkets that offer senior citizens discounts. The contributor writing this article for AARP left out a major chain in their list, an omission that could cost AARP members hundreds of dollars a year.  I ask.... DOESN'T ANYONE EDIT, RESEARCH, OR REVIEW ARTICLES BEFORE DISTRIBUTION TO AARP MEMBERS? This contributor left out PUBLIX, a chain of grocery stores that covers EIGHT STATES, is in FOUR HUNDRED AND TWENTY SIX CITIES, and has ONE THOUSAND THREE HUNDRED AND EIGHTY FOUR stores. What an omission!!!!! Publix offers seniors a 5% discount on their groceries on Wednesdays. This is just one example of omissions, errors, and other miscues found in AARP articles on a regular basis.  

Organizations That Grant Wishes to Seniors and the Terminally Ill++++ The Dream Foundationhttps://www.dreamfoundation.org/Grants wishes to people 18 and older in the US who have a serious, life-limiting diagnosis. To be eligible, you must be referred by a medical professional.++++++++++++++ Wish of a Lifetimehttps://wishofalifetime.org/Grants life-changing wishes to older adults. You can nominate an older adult for a wish.++++++++++++++ Fill Your Bucket List Foundationhttps://www.fillyourbucketlistfoundation.org/Grants wishes to adults with cancer so they can make memories with loved ones.++++++++++++++ Stella's Wish Foundationhttps://www.stellaswish.org/Grants wishes to adults with life-threatening cancers across the US.++++++++++++++ Senior Wisheshttps://www.seniorwishes.org/Grants meaningful wishes to deserving seniors to honor their contributions and improve their quality of life.++++++++++++++

Suze Orman Advice on Social Securityhttps://www.suzeorman.com/blog/tag/social-security

My Mother receives Social Security SSI money. If she has or makes too much money, they will start restricting her benefits. I'm in a position where I need to utilize her bank account, and move about $2,000 dollars a month through her account. She's afraid they will see this money and think it is hers and start taking some of her money. Is there any form we can fill out, or anything we can do proactively to let the IRS or Social Security Administration know that this is my money and not hers? I don't want to negatively effect her income, but I'm unable to open my own bank account for the foreseeable future due to personal reasons. Thanks!

     I live in Thailand where my SS check is sent. In the past I was able to transfer online and also had an ATM card. Now the Thai banks are saying that the US govt has said that all recipients must go to the bank in person for all transactions. Supposedly because of fraud, but it is a pain in the butt. Is this true or not and if so, who can I complain to? Not that it will do any good, but it will make me feel better.

I currently have a ROTH IRA account with major Financial Institution A.  I opened and funded this ROTH IRA account in 1998, so I have satisfied the ROTH IRA 5-Year Rules concerning tax-free withdrawals of earnings.  I am thinking of moving this ROTH IRA account to major Financial Institution B.  Will the ROTH IRA 5-year rule clock start over at zero for the new ROTH IRA account?

  I inherited my husband's IRA retirement upon his death.  I am liable for Federal taxes if I transfer this to   my  IIRA retirement?  

 A bill was recently introduced in the House by Rep. Angie Craig (D-Minn) called "You earned it You keep it". It would eliminate federal taxes from Social Security wages. A windfall for most retired people a great help in these trying times. What is AARP's stand on this not sure? What is your Representative's stand maybe time to ask? Time for the senior citizens voice to be heard. Why are all tax regulations aimed at businesses and the wealthy?  Seniors have been paying taxes for a long time. If you agree let's hear your opinion!Ray G

Instacart: The membership is $99 and you have to cancel within 3 months to get a full refund.  If you have Instacart, it will automatically renew unless you call their headquarters to cancel it. First of all there are some honest drivers doing your shopping, but the ones who are not can be the biggest pain and Instacart will do nothing to deter them.  Missing food from your order happens quiet a lot at Instacart.  Even though you need the item, you will have to order over $35 to get your item hopefully in the next order you make.  The only thing Instacart will do is remove that drive from ever doing your shopping in the future.  The second thing you can choose is not to tip them at the end of your order, BUT if you look closely at the bottom of your receipt Instacart already give them a tip from you.  I just found out you must call Instacart back immediately and have them remove the extra tip.   I'm on a low sodium diet and I

Note: If you don't read the entire post, take a look at the attached links to google drive that illustrates two scenarios. 1) $750K initial investment (now) in a fixed index annuity with an income rider providing a guaranteed minimum payment of $84369 starting in 7 years. 2) Investment of $750K now earning 5% interest annually and withdraws of $84369 starting in 7 years. Notice how #2 runs out by the time I am 83 (7 yrs shy of end of plan). I need to earn >6% in the #2 scenario to make it to the end. This is just an illustration using 25% of the portfolio for the annuity. Now read on for more detail. Appreciate any comments. https://drive.google.com/file/d/1bFFmDIuY2Y7CKYJVf-H46rFNHR2EOIPe/view?usp=sharinghttps://drive.google.com/file/d/1yZiZrR60pw34rRDQJYRf6dZbNP-U1hgI/view?usp=sharing  Most of us are not fortunate enough nowadays for have a pension, and social security will not cover all of our expenses. Creating more guaranteed income (which a fixed index annuity c