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Know the Social Security Rules if Turning 62 This Year
Maurie Backman notes how turning 62 is a retirement milestone. It’s the most popular age for those starting Social Security. But if you’re trying to maximize that portion of your retirement income, claiming at 62 is just plain wrong. That’s…
Social Security Optimization
It’s what everyone should do, but too few do– optimize your Social Security benefit amount. Georgina Tzanetos explains the simple rule of thumb– the earlier you claim, the less you get per month, but you get more checks; the longer…
Secrets to a Fatter Social Security Check
Selena Maranjian’s piece looks at ways to boost Social Security income. Once you start drawing benefits, there are fewer options to augment that monthly amount, though it will increase each year due to cost of living adjustments. Thus one’s real…
Social Security – The 5 Things Most Don’t Know
Vance Cariaga of Yahoo Finance reports on a new study by the Nationwide Retirement Institute noting that most Americans are sorely lacking in knowledge about the most basic functions of Social Security. It was based on a survey conducted by…
Claim These 5 Social Security Benefits Online
Georgina Tzanetos notes applying for and obtaining Social Security benefits is often confusing. She recommends everyone register for a “my Social Security” account online. It is a fairly straightforward process which will then allow one to register for these five benefits on-line:…
Power of Attorney Doesn’t Extend to Social Security
An issue frequently brought to our Social Security Advisors here at the AMAC Foundation is from someone, usually an adult child, who has power of attorney over an aging parent’s financial affairs but who has encountered difficulties dealing with the…
About Claiming Social Security at 62
Age 62 is the most popular age to claim Social Security. That could be because age 62 is when most beneficiaries first become eligible, or it may be out of financial necessity. There are some good reasons why claiming as…
Social Security for Women
No question about it – women face a more daunting challenge when it comes to retirement, which also means that Social Security benefits for women will play a crucial role. From understanding how Social Security benefits can be reduced, their…
Reopening Social Security Field Offices
In a very welcome announcement, the Social Security Administration (SSA) plans to re-open field offices – which have been closed to the public for two years – for general access starting on April 1st. That is certainly good news for…
Healthcare Costs Too Much? Here’s Help
Medicare, of course, is the nation’s primary healthcare program for nearly 64 million seniors over the age of 65. But there are premiums associated with Medicare, specifically for Medicare Part B, which is coverage for outpatient services, and Part D…