I want you to get Social Security survivor benefits right before you ever claim. Why? Because if you don't, it can cost your survivors tens of thousands of dollars in lost benefits (even hundreds of thousands). I've seen so many people make Social Security claiming decisions without a thought about survivor benefits. DON'T BE ONE OF THOSE PEOPLE! Read on to learn … [Read more...] about Making Sense of Social Security Survivor Benefits
According to the Center for Retirement Research, at Boston College, 42% of men and 48% of women claim their Social Security retirement at age 62, the soonest they can apply. But is that a wise thing to do? In some cases, yes. In other cases, no. Here I'll offer the top 4 reasons to delay claiming Social Security Benefits. Keep in mind that for many people, Social Security is … [Read more...] about The Top 4 Reasons to Delay Claiming Social Security Benefits
Is Social Security really going broke? The answer depends on your meaning of the word broke. In this post, I'll give you the facts about the state of the Social Security trust fund, introduce you to some of the ideas to fix it, and how all of this impacts the decision of when to claim your benefits. The Social Security trust fund The Social Security Trust Fund consists … [Read more...] about Is Social Security Really Going Broke?
The question, what are Social Security COLAs (cost of living adjustments) comes up a lot. The equally common problem is, how are they calculated? In this post, I’ll answer these two questions and give some background on how these two things impact Social Security benefit checks. To get it from the horse’s mouth, I went to this Social Security website page, Cost-of-Living … [Read more...] about What Are Social Security COLAs and How Are They Calculated?
Social Security Administration recently announced 2018 Social Security COLAs (cost of living adjustments) and other benefits. The 2018 COLA will be 2.0% for 2018. That's the largest since 2012. In July, the Social Security Board of Trustees estimated a 2.2% COLA for 2018. The Social Security Administration says that COLA increase applies to over 65 million … [Read more...] about 2018 Social Security COLAs Announced