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Do the Math Before Claiming Social Security
Claim at 62 and forget about it seems to sum up what a majority of Americans do with Social Security. Pity. They leave so much money on the table. Maurie Backman emphatically notes everyone must consider all the scenarios and…
The Skinny on Divorced Folks Collecting Social Security on an Ex’s Salary History
Mark Rapport covers a topic that is often confusing to people. The Social Security Administration (SSA) lays out some specific conditions to make a claim on an ex-spouse’s Social Security benefits. In short, the SSA says you must have been married…
Who Should Be Concerned With Social Security’s Future?
Everyone is the answer to who should be concerned with the future of Social Security’s finances, though the existence of the program itself is not in jeopardy. Maurie Backman cites a recent survey by Allianz that found that 80% of Americans are…
Delaying Social Security? When do you Break Even?
No issue may be more important than WHEN one begins Social Security benefits, as it determines monthly income for the rest of one’s life, and perhaps longer for a surviving spouse. Keith Speights explains it all here and has a…
Expert Weighs In: Social Security in 5 and 10 Years
Andrew Lisa peers into the crystal ball and opines that little will change with Social Security in the next 5 years. Beneficiaries will receive automatic annual cost of living adjustments (COLAs) just as they have since 1975. The 2024 benefit…
The Scoop on Social Security’s Viability
Maurie Backman notes 53% of pre-retirees expressed concern about Social Security’s long-term viability based on a recent Nationwide survey. The fear is palpable as the program is barreling toward financial insolvency. Benefits will be slashed 23% for all automatically in about…
How Much in Savings Do You Need to Retire?
Developing a retirement plan can seem like a daunting task, especially for those who are still far way from their golden years. Nevertheless, it’s important to start thinking about retirement even as you pursue your early career, because your nest…
About Social Security’s Cost of Living Adjustment (COLA)
Social Security’s Cost of Living Adjustment (COLA) is an especially hot topic during these days of high inflation, largely because so many seniors are struggling with higher prices on most everything they buy. The 2023 COLA increase of 8,7% was…
Social Security’s Online Tools
There’s little doubt that the world is inexorably moving “online,” using the internet for just about everything under the sun. For example, shopping for both food and merchandise is just a click away with fast, often same day, delivery right…
Social Security Reform – Disparate Ideas
By now, just about everyone has heard that financial troubles are on Social Security’s horizon and, thus, those troubles are also looming for current and future beneficiaries. Hard to miss that, considering the news is all over the media these…