If you're getting ready to retire, you likely have a lot of questions about the best time to claim Social Security. If you're among the younger generation (Millennials/GenX), your main question might be - when will Social Security run out of money?Both of these are legitimate questions. It's probably safe to say that even those ready to begin taking their benefit might be … [Read more...] about When Will Social Security Run Out of Money?
Social Security survivor benefits are something too many people ignore. Or at the very least, they don’t pay enough attention to them. Doing so can cost the surviving spouse tens of thousands of dollars in lost income.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 … [Read more...] about What You Need to Know about Social Security Survivor Benefits
At the end of 2018, over 62 million people received Social Security benefits. The number includes those receiving Old Age and Retirement benefits and disability. There are lots of questions surrounding Social Security. Like, when should I apply? When is my full retirement age? What happens if I file early? What happens if I delay?One of the most asked questions is the title … [Read more...] about Is My Social Security Income Tax-Free?
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
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?