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Best Time to Collect Social Security

Social Security is a major component of retirement financial existence. Knowing these facts will help you make informed decisions that may affect your income for the rest of your life. FULL RETIREMENT AGE Full Retirement Age is when Social Security considers you eligible for full retirement benefits. Full Retirement Age used to be 65 for […]

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The Painful Truth About Working While Collecting Social Security

Can you work and collect Social Security? The simple answer is yes you can, but you may not want to. There are two reasons to wait to apply for benefits if you plan to continue to work—penalties and taxes. Your age and how much you expect to earn will help you decide. Your Age If […]

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3 Expenses That Can Blow Your Retirement Budget

Don’t Bust Your Budget Creating a retirement budget can be a challenge. Most of us no longer have the income we once had and must be more aware of how we spend our money. We can calculate our recurring monthly expenses such as mortgage, electricity and food. We can also account for our annual recurring expenses […]

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Turning 66?-File for Social Security Now

File and Suspend Social Security law has changed and the difference could mean tens of thousands of dollars for those turning 66 before May 1, 2016. Current Law-Right now one individual in a couple can file for benefits at Full Retirement Age. Filing makes their spouse eligible for spousal benefits. The primary wage earner could then […]

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Social Security Bulk Payment-Rule Change

Social Security Bulk Payment-Rule Change What does it mean to you? Social Security currently has a rule that if you file for benefits at your Full Retirement Age (FRA) and then suspend your payments you can request payment IN BULK for any months you missed. If for example at FRA you are to receive $2,000 […]

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Social Security-SSA, SSI, DI-What’s the Difference?

Questions about government agencies? You are not alone! Trying to make sense of the different government programs available to retirees can be challenging.  In this article we look at what each one covers and the requirements to qualify. SSA or the Social Security Administration is a U.S. government agency that provides income to retirees, survivors, […]

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Social Security and Divorce–Common Question #6

Social Security and Divorce Most Common Questions-Caller #6 Question From Al–Can He Get Spousal Support if He’s Divorced? He’s 58 and just getting his feet wet learning about retirement and doesn’t know where to start. (He needs to read my book!) He had been married for 30 years. Both he and his wife have worked enough to […]

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Government Pension Offset–Social Security Common Question #5

What Is The Government Pension Offset? Will I Lose My Social Security Benefit? Caller #5-Marge-Why don’t people say anything about the WEP (Windfall Elimination Provision) and the GPO (Government Pension Offset) for Social Security? Answer-The show has talked about these, but it’s a good time to talk about it again. We’ve helped a lot of […]

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File and Suspend–Social Security Most Common Questions #4

Confusion between “File and Suspend” and “Claim and Switch” Solved Caller #4-Ron. I did the file and suspend spousal benefit at 66 and I’m now 68. I get half of my wife’s Full Retirement Age benefit. When I go on the Social Security website, I don’t see the 8% increase in my benefit. I just see […]

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