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Here’s when Social Security COLAS go into effect
The average Social Security benefit is going up about $93 per month in 2022. This article by Aimee Picchi of CBS News notes when folks should expect that. Payment dates are determined by a recipient’s birthdate: People born on the…
Rethink Claiming Social Security at 65
Ryan Downie of The Motley Fool explains claiming Social Security at age 65. It may make sense to claim at the earliest age of 62 or to wait until the maximum age of 70. He explains that delaying has real…
Changes to 401k plans, child tax credit, Social Security for 2022
The new year brings a plethora of changes to retirement accounts, mostly at the margins due to incremental inflation increases. This nj.com article by Karin Price Mueller hits on saving for retirement accounts, 401k plans, standard deductions, tax brackets, child…
Thinking of Claiming Social Security in 2022? Read this first.
If you were born in 1960, then 2022 is the year you will first become eligible to claim your hard-earned Social Security retirement benefits. Indeed, age 62 is the most popular age at which people claim – but just because…
Ex-spouse Benefits for Those on Social Security Disability
In this article appearing at LehighValleyLive.com, Karen Price Mueller answers a question from someone currently on Social Security Disability, who wonders about getting additional benefits from her ex-spouse who has recently started receiving his own Social Security benefits. The answer…
What is Your Retirement Strategy?
According to a recent study, fully 24% of Americans have absolutely no idea how much money they will need in retirement and have no strategy for finding out. That essentially means they are simply coasting along toward an unknown retirement…
Unhappy with your Medicare Advantage Plan? You can still change it
Most seniors are keenly aware of the so-called Medicare Open Enrollment Period which occurs in the fall of each year – a 2 month period starting on October 15th and lasting until December 7th during which you can enroll in…
A Bit of Levity From a Social Security Expert
Retired Social Security guru Tom Margenau is well known for his regular columns on the very serious subject of Social Security. Tom’s articles grace the pages of many publications dispensing inside information about his years working at the Social Security…
The Upside and Downside of 2022 Social Security Changes
There has been much hoopla in the media lately about the forthcoming 5.9% Cost of Living Adjustment (COLA), the highest benefit bump in recent history. And while excitement about an increase in Social Security benefits (as well as other Federal…
Postponing Retirement Good for Your Mental Health
Many seniors choose to continue working even after reaching what many consider to be the old traditional retirement age of 65, and the financial benefits of doing so are patently obvious. Not so obvious, however, is that there may very…