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Un-retiring? Beware of Age Discrimination
With Social Security replacing just 40% of pre-retirement income, it’s small wonder more seniors desire to work. Jeff Clabaugh has some excellent advice for retirees looking to reenter the workforce. Don’t put an AOL e-mail address or your home address…
Watch Out Not to Lower Your Social Security Benefit for Life
Maurie Backman notes the importance of Social Security in retirement. It is thus important to lock in as generous a monthly benefit as you can. But making any of the three moves here might do the opposite — slash your…
Social Security Spousal Benefits to Grow in 2024
Spousal benefits will increase in 2024, but not as much as other benefits in dollar terms. Why not? This is due to how spousal benefits are calculated, as explained here by Kailey Hagen. In January 2024, the Social Security COLA will be 3.2%…
Retiring in 2024? Make 3 Moves Now
Maurie Backman has advice for those about to embark on a new chapter of their lives called retirement. First, get an estimate of your monthly Social Security benefit. You get those statements in the mail if aged 60 or older.…
On-line tool to estimate your Social Security benefit
Wouldn’t it be nice to know what you get each month in Social Security, and even better if you see that figure based on various ages? You can by creating a my Social Security account. You’ll need to verify your identity,…
Age is Key Factor in Signing Up for Social Security
Jacob Wolinsky, founder and CEO of ValueWalk, writes for Kiplinger.com that it’s a tricky thing in deciding when to begin Social Security. There are numerous considerations, such as size of one’s nest egg and health to name just two, but…
Collecting Social Security & Working? Be Careful.
Keith Speights writes about the little understood Social Security Earnings Test. Your Social Security retirement benefits could be reduced if you continue working and begin receiving benefits before your full retirement age. The threshold is fairly low at just $22,320…
What’s the secret Social Security “do-over” all about?
Sean Williams has a piece here about maximizing Social Security benefits. Four factors are used by the Social Security Administration (SSA) to determine how much retired workers will receive each month: 1. Work history; 2. Earnings history; 3. Full retirement…
What Claiming Social Security Early Costs Retirees
It’ll cost you tens of thousands cumulatively to begin benefits ate age 62 as oposed to any other age. You can claim benefits as late as 70 to get the max beenfit to which you’re entitled for the rest of…
Marital Status Affects Social Security Benefits
As Katie Brockman explains, generally speaking the amount you’ll receive from Social Security is based on your age, earnings history, and the length of your career. But your marital status can also affect your benefit amount. Brockman covers the impact…