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Biggest Social Security Benefit at Age 62
To get the maximum possible Social Security benefit, one must wait until age 70. Full benefits begin at 67 (for those born 1960 or later). Kailey Hagen reminds readers that any claim before full retirement age means a cut of…
Ready for Social Security? Answer These 3 Questions
Selena Maranjian advises folks to answer three questions before as they contemplate beginning Social Security benefits. To prevent being cash-poor for their golden years, the authors suggest one invest an hour of time to get familiar with the program. Must…
Three Big Social Security Changes For 2023
The abnormally large 8.7% cost of living adjustment is just one of three major program changes for 2023. As Trevor Jennewine writes, one can earn more in 2023 if under full retirement age and collecting benefits before cuts ensue. Also, the…
Social Security Barreling Toward Insolvency
Maurie Backman notes the unwanted milestone that the end of 2022 brings. We will soon be one year closer to Social Security being unable to pay promised benefits under current law. As it is, the program replaces only about 40%…
A Fly in the 2023 COLA Ointment?
According to an old adage, if there is some bad news hidden in an otherwise positive event, it can be referred to as “a fly in the ointment.” Such is the case with the historically high Cost of Living Adjustment…
Can My Social Security Increase After Age 70?
As many people know, you stand to get a much higher benefit if you wait until you are 70 years old to claim. Indeed, your benefit at age 70 would be 75% more than it would be at age 62…
Social Security 2022 – The Year In Review
Every year, Social Security changes several factors which set limits which may affect your benefits. Generally, the changes happen automatically as a result of changes to the rate of inflation or the national Average Wage Index as measured by the…
Social Security’s New Online Look
Social Security has upgraded their website to make it easier for those seeking information, or applying for their benefits. The new changes debuted on Tuesday, December 6th, revealing a much more aesthetically pleasing landing page, and quick access to functions…
Inaction on Social Security Reform Is Hurting Future Beneficiaries
The unfortunate truth is this: Social Security now takes in less money than it needs to pay monthly benefits, and full benefits are now still being paid only because of reserves held in Social Security’s Trust Funds. Problem is, those…
Plan to Claim Social Security at 62? That May Not Be a Smart Move
No question that age 62 is the most popular age at which to claim Social Security. After all, you’ve contributed to the program over your entire lifetime, so wanting to reap the rewards of those lifetime contributions as soon as…