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Social Security Adjusts Wage Base and Plan Contribution Limits

Posted by The Dopkins Tax Advisory Group

May 12, 2016 3:30:00 AM

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Topics: social security wage base, ira, social security, cost of living adjustment, ssa, COLA, ssa cola, simple ira

SSA Increases Taxable Wage Base & Benefits in 2015

Posted by Eric R. Soro CPA

Dec 5, 2014 8:00:00 AM

The Social Security Administration (SSA) recently announced that the taxable wage base for purposes of computing the Social Security portion of the FICA payroll tax will increase to $118,500 in 2015. The SSA also announced that Social Security benefits will rise by 1.7%.

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Topics: medicare tax, social security wage base, social security

Planning to Draw Social Security Now? Hear Me Out

Posted by The Dopkins Wealth Team

May 13, 2014 12:18:00 PM

Do you know that for couples living to average life expectancy that there are strategies to maximize social security?  If planned properly, that can translate into an increase of as much as several hundreds of thousands of dollars over their lifetime! The reality is that most retirees today are taking their benefit earlier, as much as 5 years earlier than taken in 1955. 1

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Topics: wealth management, social security, estate planning

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