Murphy Hokey Law

February 29, 2024

Eligibility of Senior Citizen to receive Stimulus Check payments of $2000.

The Social Security Administration has passed the Social Security Expansion Act to enhance the financial assistance for the individuals already receiving Social a=Security benefits and to those who will turn 62 in 2023 by $200 per month. These checks will be given to people with disabilities, low-income families and senior citizens based on following eligibility […]

State by State: How Many ‘State Farm Employee Paychecks’ Does It Take to Fund a Month of Social Security?

Researchers unveiled startling findings regarding the funding of Social Security checks and state farm employee paycheck. State Farm Employee Paycheck Used as Benchmark in New Social Security Study READ ALSO:West Chester County Prison Escapee: Danelo Cavalcante Seen Twice Near Longwood Gardens In Ongoing Manhunt With Social Security being a significant concern for many Americans, the […]

Determining Social Security Break Even Age Maximizing Lifetime Benefits

Given that Social Security often constitutes a substantial portion of retirement earnings, accounting for about 30% of retirees’ income on average, it’s valuable to understand how to optimize its benefits, including grasping the social security break even age for informed benefit claiming decisions. Determining Social Security Break Even Age The Social Security break even age […]

Avoid These Common Retirement Mistakes to Maximize Your Social Security Benefits

While ideally, Social Security benefits should complement other retirement sources like 401(k)s and IRAs, they often serve as the primary or sole income for a substantial number of retirees, making it essential for people to avoid common retirement mistakes. Maximizing Your Social Security: Steer Clear of These Retirement Mistakes READ ALSO: Barbie’ Film Provokes Debate […]

Navigating Connecticut Retirement Taxes Exemptions: Your Comprehensive Guide to the Latest Policies

Connecticut retirement taxes follow a tax policy wherein it excludes from state taxation an equivalent amount of Social Security income that is also exempt from federal income tax by the United States government. Moreover, Connecticut might offer additional exemptions beyond this threshold, contingent upon the taxpayer’s annual income. Connecticut Retirement Taxes Exemptions The state provides […]