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Getting the Maximum Social Security benefit…Not an easy task!
The highest individual monthly benefit available under Social Security this year is $3895. So, you may be wondering, “Just how do I do that, since the average benefit payment is less than half of that?” Simple, as explained by The…
“Unclaiming” Social Security Benefits
There are situations where a Social Security claimant has a legitimate reason for wanting to “un-claim” their benefits. It does happen, as in cases where the person may have lost their job and elected to file to deal with absence…
Shoring Up Your Finances in Retirement: Dealing with Social Security’s Shortfall
By design, Social Security is intended to supplement your retirement–not totally fund it. In fact, on average the program replaces only about 40% of one’s pre-retirement earnings level. So, what do you do? Yahoo Finance’s Casey Bond has some thoughts on…
Early Retirements Fueled by COVID-19
MarketWatch’s Steve Goldstein, reporting on the results of a recent study suggesting that the COVID-19 pandemic has fueled the decision by 3 million Americans to pull the plug on retirement earlier than planned. Citing the recent surge in asset valuations as one contributing…
Three Social Security “Must Knows”
Anyone aging into Social Security eligibility, or anyone past age 62 who has not yet filed for benefits, really needs to understand three very basic factors that affect the benefits they’ll ultimately receive. It’s surprising to us here at the…
Social Security 2100 Bill – A New Iteration Coming Soon
Any day now, a new version of the sweeping Social Security expansion bill proposed in previous Congressional Sessions by proponent Rep. John Larson, D-Ct. is expected to drop. Originally planned for submission tomorrow (10/27), formal release of the bill is…
Retirement doesn’t mean you need to stop working!
The “old school” mindset about retirement was that you’re basically done being a productive member of the society of workers, and that once you’ve reached that mile marker, there’s nothing left for you professionally or vocationally. Well, that was then,…
Social Security supports small businesses
(Source: Social Security Administration, pantagraph.com) The COVID-19 pandemic has been testing small businesses. Running a small business can be a 24-7 endeavor. Managing employees, inventory, scheduling, services and marketing can be challenging even in normal times. If you’re a small…
The Big COLA: How much will your benefit check increase?
For many, it will be a simple matter to take their current benefit amount and multiply it by 1.059 to get a picture of what their monthly payment will look like in January. But for those who are covered by Medicare…
A Recap of the Social Security Year Ahead
2022 is hurtling toward us at a rapid clip–who can believe we’re only a week away from Halloween?–and there are. as usual, a slate of changes anyone contemplating retirement (or already in retirement) should be aware of. Yahoo.com’s Andrew Lisa provides…