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When 62 May be the Right Age to Start Social Security
Maurie Backman reminds readers they can sign up for benefits at any age between 62 and 70. Full retirement age is between 66 and 67 depending on birth year. Claiming earlier means a cut in pay and claiming later mean a permanent monthly…
Should You Wait to Claim Social Security?
To take benefits at age 62 or not? It’s perhaps the biggest decision one might ever make. Christy Bieber challenges conventional wisdom in this pieces suggesting it may make sense for some to claim benefits early, even though they will…
Claim at age 62 or hold out for 70? What’s best?
Kailey Hagen explains her personal decision to wait until age 70 to start Social Security benefits, the age that will pay her (and anyone else) the maximum. It’s a choice so few make. On delaying she notes, “I believe it will…
Social Security’s 2022 Benefit Hike Is Looking Big
Is the second biggest cost of living adjustment (COLA) in 30 years for Social Security recipients just around the corner? Dan Caplinger says “maybe.” But don’t call it a raise. April’s inflation report was not just a one-off as some thought. Prices…
Five Steps to Maximize Your Social Security
Christy Bieber explains five things one can do to maximize their monthly Social Security benefits. Some things need to be planned for considerably far into the future. Waiting until your 60s to wonder how to maximize may be too late. …
What Does the Average Person Collect in Social Security Benefits?
It’s a question many ponder– what do people collect in Social Security benefits? Are they living large or struggling to make ends meet? It depends on perspective. According to the Social Security Administration (SSA) the average person in 2021 pockets $1,553.68 per…
Why you need a health savings account
A health savings account (HSA) provides a triple tax break while working and then an extra savings account in your retirement. How? Your contributions to it are with pre-tax income, your savings grow tax-free, and you can use funds for…
Everyday investors are looking at cryptocurrencies to add to their retirement portfolio
Will cryptocurrencies be part of your retirement portfolio? As investors search for higher returns, they are looking to incorporate cryptocurrencies into their IRA accounts. Even financial services companies are rolling out new products and services, some marketed under names such…
What Representatives Should Know About Online Video Hearings
(Source – blog.ssa.gov) In December 2020, we began offering online video hearings using a secure and free Microsoft Teams platform for you and your client to interact directly with an administrative law judge (ALJ). You can participate in the hearing…
Federal employees meet with lawmakers to make their voices heard on compensation issues
The National Active and Retired Federal Employees Association (NARFE) meet virtually with lawmakers to voice their concern on compensation issues for federal employees. Most federal employees’ benefits are governed under Federal laws and regulations with many employees dreading the prospect…