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The Question of Drawing Benefits and Working
Folks aging into Social Security benefit eligibility–for the most part, that means reaching age 62–the persistent question is whether to begin drawing benefits even if you’re still working. Should you or shouldn’t you? Well, like most aspects of Social Security,…
Retirement: Some Inescapable Expenses to Consider
If you’re already into your retirement years, then you already know this: there are certain major expenses you just can’t escape. If you’re planning your retirement, you need to understand these major expenses. We’re talking, of course, about medical expenses…
Receive Social Security Benefits? Keep Your Address Up-to-Date with my Social Security
(Source: Social Security Administration) Keeping your address up to date with a my Social Security account helps us mail your important documents to the correct place. If you receive benefits, you can use my Social Security to update your address. If you’ve moved recently, updating…
Savings “Catch-Up” Strategies for Ages 50 and Up
You’ve probably read the statistical reports about how many households are way behind the curve on saving for their retirement, and about Social Security’s inability to cover these household’s overall living expenses in retirement. If you find yourself in this…
The Importance of Knowing all the Pieces
With April being designated as Financial Literacy Month, this article by Jack Myers For the Herald & Review tends to be a timely read for folks needing to get up to speed on their financial planning for retirement. Although income received from…
Another Look at the Necessity of Divulging Social Security Numbers
In just the past few weeks, data breaches were reported at Facebook, Toyota, Georgia Institute of Technology, and Earls Enterprises, parent company of Planet Hollywood, with these security breaks representing a continuation of major unintended disclosures of sensitive personal data…
Easing the Tax Burden on Retirement Income
If you fall into to category of those who face a tax liability on your Social Security income–and since the thresholds haven’t changed in decades, it’s likely–there are steps you can take to minimize the burden. From the use of…
See What You Can Do Online During National Social Security Month
(Source: Social Security Administration) In April, we celebrate National Social Security Month by letting you know what you can do online with a my Social Security account. Last month we featured how you can replace a lost or stolen Social Security card,…
Social Security says: “We’re here to help”
Many may not know that Social Security has a “People like me” section of their online services which offers information in layman’s terms about a variety of Social Security topics. From special services for veterans to addressing the often unique…
How to make the most of a Survivor’s Benefit
Survivor’s benefits often provide a lifeline to widows whose own Social Security benefit is either smaller or non-existent. According to Social Security’s rules, a surviving spouse is entitled to the same benefit the deceased was receiving at death, provided that…