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Social Security wasn’t on the radar in elections
There’s always a lot of political rhetoric when it comes to Social Security, but in the recent midterm elections it seems as though none of the candidates espoused any real position on the benefit program that over 63 million Americans…
Why you shouldn’t claim Social Security at 62
Age 62 is a bit of a milestone for most people, because it is that age at which they can start collecting Social Security earned from a lifetime of working. But is it the best age for claiming those benefits…
Fixing Social Security’s financial woes
It’s all over the news these days that Social Security will “go broke” and is (or will soon be) “insolvent”. While neither of these are true, there can be no doubt that, as evidenced by the recent Trustees’ Report, the Social…
Dissatisfied with your Medicare Advantage Plan? Change it now
Even though you may have selected a Medicare Advantage plan during last fall’s Open Enrollment Period, you might have found upon reflection or further research that the plan you picked isn’t really the right one for you. Well, here some…
Ask Larry: Retroactive spousal benefits, taxes on Social Security, and more
In his regular “Ask Larry” Social Security column, contributor Laurence Kotlikoff responds to questions about collecting retroactive spousal benefits, taxing of Social Security benefits and collecting spousal benefits at one’s full retirement age. Additionally, In this regular Forbes Social Security…
2019 Social Security changes may affect you
Most who follow Social Security understand that the program is updated each year to account for changes in inflation, wage and other indices to keep it current in today’s financial world. That’s mostly good news when it comes to your…
A higher average Social Security benefit – Good news for seniors
Except for a few years in the recent past, Social Security recipients have received at least a modest increase in their benefit amount as a result of the annual Cost of Living Adjustment (COLA). COLA is base upon the annual…
Meager savings for retirement? Here’s how to catch up.
It’s an alarming fact: About 30% of today’s baby boomers have no retirement savings. And that could mean some pretty lean “golden years”, because Social Security isn’t, and was never intended to be a sole source of retirement income. But…
Should you call Social Security, or Medicare?
Social Security, although a totally separate program from Medicare, nevertheless acts in many ways as the Medicare program’s administrative arm. For example, to enroll in Medicare or to get a replacement Medicare card, you call Social Security. But when you…
Should you claim Social Security at age 62?
It’s the age old question: When should I claim my Social Security benefits? Although it’s possible to get a much higher benefit by waiting until your full retirement age, or even to age 70 to apply, there are also a…