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FRA: A key to much of your Social Security position
Your full retirement age, either 66 or 67 for those aging into the program now, is a key determinant in many pieces of the Social Security puzzle. For that reason alone, it’s critical that anyone approaching Social Security have a…
The “Retirement Freak-Out” and How to Sidestep It
It’s inevitable that many folks billowing into retirement will face that point where they freak-out. Am I ready? What should I do first? How much money do I need? Unfortunately, many of those same folks will be asking themselves these…
Social Security Benefits: a Lifetime of Protections for Your Loved Ones
(Source – Social Security Administration) At Social Security, we know how much your loved ones mean to you—that’s why our promise of lifetime protections extends to them. When you work and pay Social Security taxes, some of your immediate family…
65 is Not the “Magic Age” for Social Security Benefits
For so many of us, reaching age 65 was once thought of as the end point in attaining Social Security benefits. That all changed, of course, with the gradual shift in Full Retirement Age to 66, then 67. As a…
“Scrapping the Cap”–Who Would it Affect?
The two most recent proposals to revamp Social Security both target the cap on taxable earnings. John Larson’s Social Security 2100 Act calls for a resumption of taxation when annual income levels pass the $400,000 level, while Bernie Sanders’ bill…
Thinking About Retirement – Thoughts to Help Get Ready Financially
For those in their 50s, t houghts of retirement are probably popping up more and more as each year passes. And one of the more frequent of these thoughts relates to how financial prepared you might be to take the…
Social Security Payment Schedules
The subject of “when to expect Social Security payments” is one of the more frequent concerns expressed by visitors to our Social Security Report website, especially around the holiday seasons. This article by Rachel Hartman, U.S. News contributor, sets forth the “official”…
The Reasons Why Americans Don’t Save
The likelihood of a retirement crisis int he form of future retirees entering this life phase with insufficient financial resources is a debated issue, but whether you believe it or not, it’s clear to most folks that the rate of…
Stolen Social Security Numbers — The Implications
We all worry–and rightly so–about the continually reported security beaches that spew personal information out into the hands of scammers, fraudsters, and various criminal elements. But beyond worrying, it;s also good to know exactly what these perpetrators can do with…
Oh, the things that can go wrong!
It might seem bizarre, and it might sound like too far ridiculous to be true, but this strange account of the trail of woe faced by an 81-year old California widow in the wake of an error by the Social Security Administration is…