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Claiming Benefits Soon? Check this essential “need to know” list
The Social Security Administration notes that over 60% of recipients lean on the program for half or more of their monthly income. Hence Social Security is successful as an anti-poverty program. When to claim benefits is but one of a list of important…
Why It May Make Sense to Take Benefits at 62
We often hear the benefits of waiting to collect Social Security because the benefit amounts increase yearly, with increases of 8% between full retirement age and age 70. But Christy Bieber of The Motley Fools notes there are times when…
More on Social Security Strategies…Some Things You May Not be Aware of
Ryan and Tyson Thacker, principals in B.O.S.S. Retirement Solutions, offer an extensive review, in podcast format on soundcloud.com, of some of the more important–but least understood–strategic moves that can be made to correctly and appropriately file for Social Security benefits.…
Social Security: Some States Tax it, Most Don’t
Thirty-seven states and the District of Columbia do not tax Social Security benefits, and some states also do not tax private pensions. The Motley Fool editors have developed a list of both of these groups for those who are contemplating…
Opposition Mounting for Rubio/Wagner Family Leave Initiatives
Paid family leave is becoming a pretty hot topic in Washington, with opposition being expressed in response to Florida Senator Marco Rubio’s “Economic Security for New Parents Act” (see our post yesterday on this subject) and a similar bill being prepared…
It’s Your Social Security…Make Sure Your Getting the Most!
In a post on sgadvisor.net, InvestmentNews contributing editor Mary Beth Franklin offers an extensive overview of the basics of ensuring a correct and appropriate level of Social Security benefits. Ms. Franklin covers the importance of being constantly vigilant on the accuracy of…
The Importance of a Post-Retirement Strategy
If you’ve retired from the workforce but haven’t filed for Social Security benefits, most financial advisors would advise you to hold off as long as you can (by the way, take a look at our recent post on this issue…
Sailing Past the Mythical “Retirement Age”
As life expectancy continue to advance, and as more and more older folks are realizing the inadequacy of their retirement nest egg, it’s no longer uncommon for seniors to roll right past what was once the traditional retirement age and remain in…
Retirement Savings: How do you stack up?
Amid all the media accounts about a widespread lack of savings for retirement, you may be wondering how your situation compares to others in your age bracket. NerdWallet’s Arielle O’Shea, in a post on www.nerdwallet.com, can nswer that question for you.…
Understanding “Administrative Offset”
The term “administrative offset” is a kind of catch-all phrase referring to a process where funds due–including Social Security Disability payments–to a recipient can be redirected to cover an outstanding debt. The process, for example, can apply to student loans, delinquent…