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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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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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 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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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 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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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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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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$150 Billion Transferred From Retirement Fund To Disability Fund. Will That Affect My Social Security Check? Josh Jalinski, the Financial Quarterback, WOR Radio NYC Interviews Donna Davis “Back by Popular Demand we have Donna Davis…She’s great at making financial matters clear…You have a wonderful way to make things simple.”–Josh Jalinski Amazon #1 Best Sellers by Donna […]
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The File and Suspend—Who is Eligible for Social Security File and Suspend? Josh Jalinski, the Financial Quarterback, WOR Radio NYC I had the pleasure of being interviewed by Josh Jalinski, the Financial Quarterback, on WOR Radio. Being on Josh’s show is always an adventure. He provides invaluable information in all areas of financial planning and he […]
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