Latest News
Boost Your Social Security Checks by 5-8% in 12 Months
A $1,500 monthly Social Security benefit at 62, would be $2,657 per month by delaying benefits until 70, if your full retirement age is 67. That’s over $1,000 more per check. Kailey Hagen stresses the importance of delaying your initial claim date…
What Happens to Social Security When You Die?
Vance Cariaga of Yahoo Finance provides quite a bit of interesting insight to the question about benefits after one dies. After a death the funeral home usually sends in a form to the Social Security Administration (SSA) called Statement of Death…
Claimed Benefits Too Early? You Have Options
If you signed up for Social Security benefits at age 62, the earliest possible claim date, you receive reduced benefits for life. If you regret that decision, you may be able to take it back. You can change your mind…
House Bill Recommends Eliminating the Taxable Wage Ceiling
A bill introduced this week in the 117thCongress by Rep. Gwen Moore, D-Wis calls for expansion of benefits in several key areas, while eliminating the taxable wage cap and increasing the payroll tax from 6.2% to 6.5% over a six-year period.…
Exploring the Social Security Earnings Test
In a post on AEI.org, Sita Nataraj Slavov (Nonresident Senior Fellow) and Alan D. Viard (Senior Fellow) take a detailed look at Social Security’s often misunderstood Earnings Test…that set of rules that govern how much workers who draw Social Security benefits before their full…
10 Ways to Protect Your Personal Information
Source: Social Security Administration Fraudsters don’t go on vacation—so it’s necessary for you and your loved ones to stay vigilant year round. Identity theft affects millions of people each year and can cause serious financial and identity-related issues. Protect yourself…
There are situations where you can save too much
Although the media airwaves are awash with accounts of future retirees being deficient in savings, it’s also occasionally a problem when individual savers get too aggressive in their move to accumulate wealth for retirement. NerdWallet’s Liz Weston. in a post…
Balancing Savings and Social Security
Much has been written about the importance of building a financial nest egg for retirement, and many folks have taken advantage of accumulated savings to defer drawing their Social Security benefits and realizing growth in their eventual monthly benefits. Is…
A Basic Social Security Roadmap
Financial consultant Kevin Theissen, in a post on mountaintimes.info, offers a series of markers to consider along the road to maximizing Social Security benefits. His series touches on many of the specific areas we’ve covered in-depth through articles on this site,…
Turning 60? Read this…
Reaching this milestone leads many folks to feel they’re pretty well set for retirement, and looking at what they’ve accumulated in cash reserves or general wealth may make them feel comfortable for life’s later stages. That’s a great feeling to…