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Retiring on a Budget
Many experts throw around arbitrary savings numbers to shoot for in order to sustain an expected quality of life in retirement. One commonly quoted amount is $1 million. This is unrealistic for many people and is by no means the…
Getting the Most Out of Social Security This Year
The recent changes to Social Security have left many wondering how to maximize their benefits under the new rules. Unfortunately, many of the popular ways to strategically file for Social Security in the past have been patched up and are…
Unique Quandaries Facing Single Women in Retirement Planning
The implications of lower earnings and lessened savings opportunities, coupled with disparity in life expectancy between men and women, present some substantial hurdles for single women as they deal with the financial planning aspects of retirement. An article posted on news.investors.com…
Rules Pertaining to Collecting Spousal Benefits
Many do not know the full rules regarding the collection of spousal benefits from Social Security, and as a result may be leaving a lot of money uncollected that they are entitled to. You are entitled to spousal benefits if…
Social Security Benefits and Debt Owed
Social Security Benefits cannot be garnished like wages, however, some kinds of debt can lead to benefits being garnished to pay them off. The list of things that can affect your benefits include federal taxes, federal student loans, and child…
Claiming Social Security Benefits as a Couple
It is easy to forget about all the options available to you when it comes time to start collecting Social Security benefits, especially if you are eligible to collect benefits generated by a deceased or divorced spouse. This can be…
Last Chance to Cash in on Social Security Loopholes
We are coming up on the last few months to apply for Social Security using strategies such as file and suspend. The end of April marks the cut off period for these filing loopholes for those that are still eligible.…
Full Effects of Recent Budget Bill
The new Budget Bill of the final month of 2015 will have long lasting effects on the economy in many different sectors. It is already known that it shut down many different filing strategies for Social Security, but it also…
Social Security Among the Younger Generations
Millennials are very aware of the solvency issue threatening Social Security. Some don’t believe that they will ever even collect benefits in their life time, as much as 60% of Millennials believe that the money will run out before they…
Bernie Sanders Continues Call for Social Security Expansion
On the campaign trail in Iowa, presidential candidate Bernie Sanders yesterday continued his platform of Social Security expansion, advocating a raise in the earnings cap to offset an increase in benefits to beneficiaries. His remarks took the form of a…