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Don’t Forget the Tax Consequences!
The inadequacy of retirement savings for most of America is a well-published situation. But for those who believe they have created a comfortable financial cushion, it’s a good idea to verify that the consequences of taxation are correctly factored into…
The Importance of Due Diligence in the Representative Payee Selection
For those Social Security and Supplemental Security Income beneficiaries (SSI) who need help managing their finances, it’s critical that the source of this help be carefully selected. Social Security has published guidelines to aid folks in this process, A Guide for…
The Maximum Social Security Benefit…and How to Get it
Everyone—at least theoretically—likes to get the most out of a program they can. When it comes to Social Security benefits, that preference continues, although it’s true that getting the maximum benefit is a futile effort for most people. A post…
Factoring HSAs Into Your Retirement Financial Planning
For those who meet the qualifications for a Health Savings Account (HSA), there are substantial benefits that can help retirees navigate the financial white waters of health care. HSA contributions are triple tax-advantaged, as explained in a post on The Post…
The Time Between Disability Onset and Benefit Application
(Source: Social Security Administration) SSA’s Office of Retirement and Disability Policy has released the following on its website: Research Summary: The Time Between Disability Onset and Benefit Application Notice: The link provided above connects readers to the full content of…
March 5: “SLAM THE SCAM” Day
The Inspector General for the Social Security Administration, Gail S. Ennis, is designating Thursday, March 5, 2020 as National “Slam the Scam” Day, to raise public awareness of government imposter telephone scams across the United States. These pervasive scams—in which…
Some Self-Inspection Notes on the Retirement Savings Issue
Sometimes, introspection is the best way to assess how one matches up against the crowd. So when it comes to the question of how do I compare to my peers in saving for retirement, it’s interesting that most folks surveyed…
Money Mistakes Many Folks Make…And How Their Retirement is Affected
It always seems to come down to planning. Without having a sound roadmap to guide one through their working lives and into those golden retirement years, it’s likely that stumbling blocks in the form of fundamental mistakes will produce problems…
Social Security Secures Today and Tomorrow for Workers and Their Families
(Source: Social Security Administration) Social Security has tools, information, and services to help secure today and tomorrow for you and your family. When you start receiving Social Security benefits, certain members of your family may also qualify for benefits on…
More Reasons Not to File at Age 62
The impulse to file for Social Security retirement benefits at the earliest possible age is still strong, despite the fact that monthly benefits will be lower for the rest of one’s life. From an actuarial standpoint, it doesn’t really make…