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Social Security Watchdog Finds Billions in Overpayments
(By – Anna Sulkin, www.WealthManagement.com) A recent audit report issued by the Office of the Inspector General (OIG) revealed that Social Security overpaid disability beneficiaries by nearly $17 billion. The purpose of the audit was to study a sample group…
Premier Social Security Consulting Grows National Social Security Advisors Footprint as Social Security Education Leader
(Source – www.PRWeb.com) Premier Social Security Consulting of Cincinnati, the nation’s first Social Security education and certification company for professional advisors, moves into New York, Boston and Philadelphia this fall due to customer demand. The company teaches its Social Security…
Determining a Realistic Retirement Figure for Gen X and Millennials
(By – Ellen Chang, The Street) Calculating a realistic figure on how much Gen X-ers and Millennials need to save for their retirement can be an unnerving task. Many financial advisors recommend saving at least $1 million since life spans are increasing,…
Maximize the Social Security Spousal Benefit
(By – Rachel L. Sheedy, Kiplinger) But first, couples need to understand how it works. Lower-earning spouses who claim their own Social Security benefit before full retirement age take a cut of as much as 25%. But all’s not lost. They…
How To Help Your Parents Understand Medicare
(By – Tania Brown, Forbes) I was shocked when I received a call from my dad asking me about Medicare. This is because, despite being a CFP® professional with over 13 years of experience and in my mid 40s, I…
White House Conference on Aging: Exercise in Benign Neglect of Retirement Income Crisis?
(By – Eric Kingson and Molly Checksfield, Huffington Post) Next week’s White House Conference on Aging (WHCOA) seems destined to be little more than an exercise in benign neglect of the growing economic problems of today’s and tomorrow’s seniors. But…
Social Security: When to Claim at 66
(By – Donald Jay Korn, Financial Planning) “It’s most common for our clients to begin Social Security benefits at age 66,” says Brandon Jones, a senior wealth manager at Accredited Investors, a fee-only planning firm in Edina, Minn. If sexagenarian…
Proof That Americans Are Delaying Retirement
(By – Samantha Solomon, Wall Street Daily) Think you’ll retire at 65? The Transamerica Center for Retirement Studies’ 16th Annual Transamerica Retirement Survey has found otherwise. It seems that many working Americans feel like they can’t retire at 65, or…
Social Security & Divorce: 6 Ways to Maximize Income
(By – Melissa Joy, Financial Planning) Social Security and divorce planning are two complex financial planning topics; the combination of the two can be even trickier. The population currently making decisions to claim Social Security — baby boomers — has…
Social Security Administration Spends Three Times More Than it Collects Trying to Recover Overpayments
(By – Stephanie Eidelman, InsideArm.com) A report issued last week by the Office of the Inspector General (OIG) found that the Social Security Administration spent nearly three times as much as it took in to try to collect on mistakenly…