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Social Security Changes Coming In A Couple Months – Trump’s Move Will Affect Millions

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As the most reliable and balanced news aggregation service in the world, RWN offers the following information published by The Motley Fool:

More than 62 million Americans receive Social Security benefits, and the money that they receive every month goes a long way toward supporting their financial needs. With benefits available either for retirees or those who become disabled, Social Security plays a vital role in protecting people from financial hardship.

Every year, Social Security changes somewhat, with many provisions getting updated on an annual basis. Below, you’ll learn four important facts about Social Security for 2019, including how much a typical recipient can expect to get and what changes are happening over the coming year.

1. Benefits to go up 2.8%
Social Security provides an annual cost of living increase to its recipients in order to make up for the impact of inflation. The COLA that will take effect at the beginning of 2019 was just announced last month, and the amount was calculated to be 2.8%.

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That 2.8% increase will boost what every beneficiary gets from the program. The Social Security Administration (SSA) estimates that the average monthly benefit for retired workers in January 2019 will be $1,461, up $39 because of the COLA calculation. For couples who receive benefits for both members, the average total family benefit of $2,448 per month will be $67 higher than it would have been without the COLA.

In addition, family members will see sizable increases. A widowed parent with two children will see average total family benefits of $2,876, up $79 due to the COLA. A surviving spouse without qualifying children will get an average of $1,386 per month, representing a $38 adjustment due to costs of living.

2. A new full retirement age for some retirees in 2019
Full retirement age is the age at which the SSA will pay you the base amount of benefits calculated from your work record. But full retirement age has been in flux lately, with older ages applying to those who were born later.

If you turn 62 in 2019, then your full retirement age is 66 and six months. That’s two months older than it was for those who reached age 62 in 2018. What that means is that those who claim at their earliest possible moment will suffer a 27.5% reduction in their monthly payment compared to what their full retirement benefit would have been if they’d waited. By contrast, if you’re older and turn 66 in 2019, you’ll be at your full retirement age on your 66th birthday, because that’s the age that applies for those born between 1943 and 1954.

3. Social Security’s maximum benefit is on the rise
2019 retirees will be eligible for higher payments than those retiring in earlier years. For a worker retiring at full retirement age, the maximum benefit amount will rise $73, to $2,861 per month.

The maximum Social Security payment available under the program depends on exactly when you retire. Those who take benefits at 62 will see their maximum monthly benefit rise just $51, to $2,209. However, those who get benefits at 65 will see a jump to $2,757 per month, up $168 from year-ago levels. Waiting until 70 won’t give quite as big a boon, but the maximum will still be $72 higher at $3,770 per month. Moreover, even if you haven’t earned enough during your career to get the maximum benefit, high-income individuals still will get almost that amount — providing a nice supplement to other financial resources.

4. Social Security’s maximum payroll tax is going up, too
Social Security gets money from taxes it collects through payroll withholding, and the maximum tax goes up most years. In 2019, earnings of up to $132,900 are subject to tax, up $4,500 from last year’s limit. Employees pay 6.2% of their earnings up to that amount, and employers match that with a 6.2% payment of their own. If you’re self-employed, then you’re on the hook for the full 12.4% total.

If you earn more than that amount, then you can expect to have an additional $279 in taxes withheld from your paychecks this year. For the majority of workers who don’t earn that much, there won’t be any impact, with the same 6.2% rate applying to whatever they earn. Continue Reading

Few if any programs shoulder the importance, or burden, that Social Security does. Aside from providing disability insurance and survivor’s protection to tens of millions of working Americans, it also divvies out a monthly benefit to over 62 million people each month, 43.4 million of whom are retired workers aged 62 and over. More than 3 out of 5 of these aged beneficiaries are reliant on their monthly checks to account for at least half of their income.

This last point is what makes this next fact so worrisome: Social Security is also in some deep trouble.

The latest annual report from the Board of Trustees predicts that Social Security will expend more than it generates in income this year for the first time since 1982. And this isn’t just a one-off change. Beginning in 2020, and for each subsequent year, the program’s net cash outflow is expected to increase. By 2034, the nearly $2.9 trillion in asset reserves currently held by the Trust is projected to be gone, paving the way for what could be a substantial cut to benefits.

President Trump’s indirect approach to strengthen Social Security
Clearly, something needs to be done to fix Social Security, and President Donald Trump believes he has the answer. Generally sidestepping Social Security during his presidential campaign in 2016, Trump has long-favored indirectly resolving the program’s long-term (75-year) cash shortfall.

In plainer terms, Trump doesn’t want to change anything about how the program is currently set up. Rather, he wants to adjust fiscal policy, which would aim to grow the economy at a faster pace. The purpose of increasing the U.S. GDP growth rate is twofold. Continue Reading

 

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White House Guests KNEEL During National Anthem, Trump Makes Them Immediately Regret It

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The Marine Corp band in their bright red uniforms were on the south balcony of the White House on a bright, sunny Tuesday in Washington, DC. The Army Chorus sang, beginning the event with ‘America the Beautiful’ and concluded with ‘God Bless America’. At least two people who were guests at President Trump’s Celebration of America event yesterday knelt, showing exactly why so many Americans are ticked over the National Anthem controversy.

The event replaced a celebration at the White House in honor of the Super Bowl win for the Philadelphia Eagles. These two disrespectful idiots took a knee as the “Star Spangled Banner” rang out across the South Lawn of the White House. Simply disgraceful. These aren’t social justice warriors… these are unpatriotic jerks.

A video was posted to Twitter by a reporter for SVT, the Swedish national public TV broadcaster. It shows a man, wearing a light blue button down, kneeling as the National Anthem played, before clapping and ultimately coming to his feet after the song finished. I guess he thought that was his five minutes of fame or something.

What it really amounted to was making a fool out of himself internationally. President Trump showcases all of these liberal dimwits for what they are… America-hating, radical leftists who are far more interested in hating our brave police officers and our country than they are in respecting America and taking national pride in their country and President.

When President Trump took the podium, he blew his audience away with his love for our country, military, police, flag and the National Anthem. He made every single person who disrespects them like this look like the small, craven liberals that they really are. The man, who did not identify himself, left the event immediately after the United States Marine Band performed the anthem, according to a news anchor for TV2 Denmark. Gee, crawling away with his tail between his legs like the lowly cur he his. Guess he couldn’t stand patriotism after he showed how much he hates his own country.

There was a second man who was pictured kneeling as well. That was posted to Twitter by a CNN White House producer. He was wearing a light blue checkered shirt and had a little American flag. This guy was right up front. He was also apparently the same person who reportedly heckled Trump. That guy was roundly booed by everyone around him. CNN’s analyst April Ryan posted false news on Twitter yesterday claiming people were booing Trump when it was the heckler they went after. She eventually retracted what she said after her own colleagues called her out on the lie. “Stop hiding behind the armed services and the National Anthem,” the guy yelled to a chorus of boos, according to the Daily Mail. “Let’s hear it for the Eagles.” “Go home,” one person shouted at the heckler.

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The President didn’t engage the heckler, but looked in his direction and pursed his lips. He looked like he wanted to smack him. Right there with ya.

President Trump disinvited the Philadelphia Eagles to the White House after they at first said they had more than 70 players coming to the People’s House to celebrate. By this week, that number had dropped to less than ten and then to only one player. They kept trying to change the date to one where President Trump would be out of the country. I don’t blame the President in the least for canceling the visit. That was totally appropriate. If you insist on being ungrateful and insulting a sitting President of the United States, then you don’t deserve the honor of going to the White House period.

Trump claimed on Monday that the team disagreed “with their President because he insists that they proudly stand for the National Anthem, hand on heart, in honor of the great men and women of our military and the people of our country.” Eagles players denied that accusation, pointing out that no one on the team knelt for the anthem during last season. But that has nothing to do with how each individual on the team states his beliefs and shows his disrespect for President Trump.

White House Press Secretary Sarah Huckabee Sanders accused the team of a “political stunt” just minutes before Tuesday’s alternative event began, claiming the players had chosen to “abandon their fans.” That’s exactly what they did. “If this wasn’t a political stunt by the Eagles franchise then they wouldn’t have committed to attend the event and then backed out,” she said in her Tuesday press briefing. “And if it wasn’t a political stunt, they wouldn’t have attempted to reschedule the visit while the President was overseas.”

Trump was brief in his remarks and only spoke for about four minutes. He began by explaining why it’s an issue of patriotism for Americans to stand for the National Anthem. “We love our flag and stand for our National Anthem,” Trump said to great applause from the crowd on the South Lawn of the White House. “We stand to honor our military and to honor country and to honor the fallen heroes who never made it back home.” Yes, we do… and those that don’t can take a hike.

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Melania Unveils This Year’s White House Christmas Decorations That Libs Are SURE To Hate

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Melania Trump’s first year in office was marked by immense criticism of our incredible first lady, who in the eyes of the Trump family’s numerous detractors, Melania could do nothing right, or at least as well as her predecessor, Michelle Obama. This included her full Christmas decor plan, which was stunning in silver and white, and a beautiful modern take on the same tired style that Michelle un-creatively came up with.

This year’s decorations will likely be no different, if not worse.

Last year, liberals claimed she decked the halls in depression and gloom, likening it to looking more like a haunted house than a holiday home. So, what will they say about this year’s new look?

Chicks On The Right reports:

FLOTUS doesn’t just slay on the fashion front. Her decorating skills are off the charts. (Yes, yes– I know she didn’t do this by herself, but if you really believe she didn’t have a say, you’re nuuuuuuuuuuuuts.)

ANYWHO. She finally unveiled this year’s White House Christmas decorations, and they’re GORGEOUS.

You have no idea how much I want to stroll through those halls of beautifully decorated trees. Oh well. I’ll have to settle for the aisles of Hobby Lobby.

It all looks great. I’m obsessed. TY, that is all.

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