IS IT BEST TO WAIT AS LONG AS POSSIBLE FOR SOCIAL SECURITY? NOT NECESSARILY! Are you searching for that magic moment that will give you the most from Social Security? How do you find it? Where will you look? Waiting for Social Security Can Cost You You can begin collecting Social Security any time between […]
Continue reading
The Cost of Living Adjustment (COLA) for this year is a disappointment, but the COLA is not the only increase in Social Security. There are other changes, but they didn’t get as much media attention as perhaps they should have. Earn More – Pay Less You may think that if you work while collecting Social […]
Continue reading
The choices you make today will affect your Social Security payment amount later on. This is true, even if you are in your 60s and are rapidly approaching retirement age. It’s especially true for our daughters and granddaughters, who still have several years, or even decades, to go before retirement age. I always thought that […]
Continue reading
5 TIPS TO NEW SOCIAL SECURITY LAW The Bipartisan Budget Act of 2015 made some significant changes to Social Security law. The new laws do away with some lucrative claiming strategies. You may still be eligible for these additional funds, but if you are, you need to act quickly. If you will be 66 or […]
Continue reading
Social Security: How is it Calculated? As you approach retirement, you’ll want to know what your future Social security payment will be. As I talk to readers, I find there is confusion about how benefits are calculated. Some think it is based on your last five or ten years of work and that taking a […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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, […]
Continue reading