The IRS and Social Security Administration have announced the limits for benefits and contributions for 2019. Click here to see what’s ahead for the coming year.
What is the most important number you possess which is with you from birth to death? Your Social Security number! Newborns receive their unique number within a few weeks of their birth, where it is used throughout their lives to be claimed as a dependent on their parent’s tax return, apply for that first job, to identify them for credit purposes and eventually to allow them to file for benefits based on their lifetime earnings. Because of the importance of this number throughout your life, it is equally important to protect and review the information tied to it throughout your life. How do you protect your Social Security number (SS#)? Don’t carry your card in your wallet. If your wallet is lost or stolen, thieves will likely have not only your SS#, but will probably get your driver’s license and other information. This can quickly lead to identity theft. Don’t give out your SS# to retailers, phone callers, or others. The practice of using your SS# as your user id for logons has been largely halted and should be Read on! →