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Determining When to Take Social Security
One of the more important decisions to make when it comes to Social Security is when to file for it. There are pros and cons to filing early, on time, and waiting until later. The right decision is going to…
Understanding Social Security
There have been some big changes regarding Social Security in the past few months. Most notably is the removal of a couple common filing strategies that many people were taking advantage of to increase their benefits. In order to take…
Working in Retirement
One of the most common “fixes” to the Social Security system being floated around is increasing the retirement age from the current age of 65. Some studies have shown that as much as 40% of the retired population is healthy…
Making Sure You Receive Your Full Benefits
Since you have been paying in to Social Security for your entire adult life you want to make sure that you receive the full amount of benefits that you are entitled to under the system. This number will be different…
Social Security Yesterday and Today
One of the biggest concerns about Social Security today is about its solvency. Many workers today are worried that it won’t be there for them when they reach retirement age, that the funds will be all dried up. The culprit…
Married Couples and Social Security – The Math Behind the Benefits
For married couples aging-in to Social Security, it’s critical for financial planning purposes to have a good idea of your level of combined benefits. In an article posted on www.mysanantonio.com, the mathematics behind the calculation of benefits is reviewed, along with…
The Mechanics of Fixing Social Security
If you’ve been following the presidential race at all, you’ve undoubtedly heard many references to Social Security and the need for specific corrective action to shore it up for future beneficiaries. What you haven’t heard, though, is much in the…
The Reasons for Extending Worklife
Older Americans are extending their work life, giving credence to the phrase “75 (or maybe 80?) is the new 65” and other similar catchphrases. In many cases there are financial reasons for this, but in many other cases there are…
How Should You Handle Your Retirement Account?
Boomers are starting to question the efficacy of their 401(k)s as they reach and enter retirement age. Over half of retired boomers have reallocated the money that they had in 401(k)s in to individual retirement accounts. This statistic goes even…
The Value of Your Benefits
Most people don’t think about how much their Social Security benefits are actually worth, all they see are the monthly payments. Getting an estimate for your total Social Security benefit worth could be beneficial to both you and your spouse.…