Social Security

As Social Security marks its 90th anniversary this year, this vital piece of the American retirement plan is more important than ever.

Is Social Security going broke?  That’s one of several myths out there about Social Security.  The AARP’s Sean Voskuhl said nothing could be further from the truth.   “Social Security will not run out of money, as long as workers and employers continue to pay payroll taxes," he said.  "It’s a pay-as-you-go system, but it doe...

The Social Security increase for 2023 is welcome news for seniors, but it also means an increase in scam attempts.  Social Security benefits and Supplemental Security Income payments increased 8.7% this year, thanks to an annual cost-of-living adjustment required by law.  That tr...

Inflation is hitting everyone with higher prices.  Whether groceries to gas and farm machinery, the impact of inflation is widespread.  AARP’s Sean Voskuhl said for seniors, some inflation relief could be coming through social security next year.   “Many experts pr...

The year ahead will be one with many changes for Social Security beneficiaries, some they will like to see, others not so much. Social Security benefits increase 5.9% in 2022 thanks to a cost of living increase, the largest cost of living increase since 1982 ...

Food prices are continue to rise, and consumers across the country are adjusting their shopping habits. A recent Successful Farming article said food aid agencies are also ramping up their support efforts. Overall, food prices were 4.6% higher in September than last year ...

For many Americans, especially those living in rural or remote areas, Social Security has been an important source of income for 85 years. And one of the main reasons so many rural Americans depend so much of Social Security is the fact they don’t have access to pension plans and 401ks, and much of a farmer’s assets may be tied up in land and machinery, not cash. However, ...

When your time for the coronavirus vaccine comes, the AARP warns that scammers will try to separate you from your money, identity, or perhaps both. The AARP’s Sean Voskuhl said scammers will target those in rural America, as the vaccine rollout continues. ...

For over eight decades, Social Security has been an important source of income for retired Americans nationwide. The AARP’s Sean Voskuhl said Social Security is extremely important for rural Americans, since many don’t have access to pension plans and 401ks, and much of a farmer’s assets may be tied up in land and machinery, not cash. However, during ...

For many, Social Security is a critical component of retirement, and often complicated.  For farmers, Social Security raises more questions, including  benefits, earnings, what counts as wages and the cash renting of farmland.  Experts recommend using several sources to support your retirement, including savings, Social Security and working part time, perhaps on the farm.   AARP’...