Posts Tagged ‘Social Security’

A 7.3% increase in the Wagebase for 2017 The Social Security Administration has just announced 2017 changes to benefits & taxes. While Social Security recipients will see a 0.3% increase in benefits in 2017, wage earners will see the income subject to Social Security tax increase from $118,500 to $127,200 or a 7.3% increase. Why…

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If you’re a participant in a government sponsored pension plan and looking to collect Social Security in retirement, you may find yourself subject to the “Windfall Elimination Provision” or “WEP”.  This mainly applies to workers in government jobs hired before 1984 whereby they didn’t pay into Social Security during their government employment, but may have…

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