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Understanding the “my Social Security” World
During the pandemic-induced office shutdowns at the Social Security Administration (SSA), and even now, individuals needing to access the information maintained by SSA were advised to create a “my Social Security” account to facilitate they’re ability to obtain information maintained…
Understanding Survivor Benefits
The rules associated with benefits available for widows and widowers can be relatively complex, so it’s important that your retirement financial plans consider them carefully. In a post today on yaktrinews.com, The Motley Fool’s Dan Caplinger provides an explanation of…
Managing the Urge to Retire Early in the Face of Incentives to do the Opposite
If you’ve been actively monitoring media information on retirement planning, and particularly if you’re fighting the urge to jump out of the workforce and into retirement, you’re probably at least a bit torn when you consider the incentives to remain…
An Interesting Twist on COLA
The hysterical projections of a 2023 cost-of-living adjustment (COLA) north of 10% have died out in the face of more realistic news from the Bureau of Labor Statistics. Consequently, seniors who were anticipating a larger bump are now anticipating an…
Retirement Planners: Three things to be aware of that could reduce anticipated benefits
Many folks tend to make the mistake of assuming that the benefit amount reported to them on Social Security statements is a constant. Unfortunately, there are a few things that can cause that benefit amount to be curtailed, so it’s…
More on the 2023 COLA Watch Front
CNETY writer Dan Avery, in a post on their website, offers a confirmation of the expectation that October 13 will be the announcement date for the January 2023 cost-of-living adjustment for Social Security beneficiaries. And, while discussion 8.7% as the…
The Sobering Impact of Inflation on Retirement Plans
The economic deterioration we’re all experiencing these days is having a profound impact on so many, and especially on those already trying to keep their head above water as they struggle in retirement. But beyond that, inflation is having a…
Thoughts of Fighting Social Security Fraud
Hardly a day goes by that you don’t see a news item about a fraud situation involving Social Security, either a prosecution story or a victim’s tale. Many shrug it off, thinking it’s just a way of life when there’s…
Highlighting the Importance of the “When to File” Decision
Ryan Thacker and Tyson Thacker of B.O.S.S. Retirement Solutions offer, in a post on KSL.com, thoughts on how the decision of when to begin drawing Social Benefits can affect your financial picture. (Read the post here). Their post stresses that…
2023 COLA Watch: October 13 is the Date to Expect an Announcement
The numbers are still being kicked around, fueled by persistent inflation measurements and articles about rising costs in most areas of the economy. But how will all that relate to the Social Security cost-of-living adjustment for 2023? For the next…