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The case for delaying your Social Security benefit
Just as there are several good reasons to claim your Social Security benefits early, there are also some very good reasons to delay claiming your benefits as long as you can, even up to age 70 when you’ll get the…
The case for not waiting to claim Social Security
More and more people are taking advantage of Social Security’s built in benefit growth which causes the size of your payment to increase for each month you delay claiming your benefits. Although you can claim benefits as early as age…
Sometimes it’s smart to claim Social Security early
When it comes to claiming Social Security, most financial advisors will recommend that you wait as long as you can, because the longer you wait the larger your benefit will be. In fact, waiting until you reach age 70 can…
Beware of Social Security spammers!
It’s an unfortunate reality of our times, but there is no end to the amount of cyber-criminals who are looking to take advantage of any scheme they can find to bilk you out of your money. Sadly, senior citizens are…
New Medicare cards start appearing next month
In an effort to curb identity theft, Congress mandated in 2015 that Medicare stop using the Social Security Number (SSN) as a means of identification, which meant that Medicare cards for all beneficiaries will need to be replaced because they now…
Retiring abroad and collecting Social Security
Perhaps you’ve always dreamed of retiring in some exotic place and living a life of leisure. Maybe you’re finding that the Social Security dollars that you depend on so much aren’t reaching quite as far as they need to here in…
The “Slippery Slope” of Means Testing Social Security
Morningstar.com’s Christine Benz and regular contributor Mark Miller discuss a series of common questions about Social Security in this transcript posted today on their website. The points addressed range from investment strategies to the age old question of “When to file,”…
The Tax Cuts and Jobs Act: A Look Under the Covers
Fox Business reporter Casey Dowd, in a post today on www.foxbusiness.com, examines the short- and long-term implications of the recently-implemented “Tax Cuts and Jobs Act,” explaining that there will likely be an uneven impact on seniors going forward. While some may benefit…
Social Security…A Bit f History
This excerpt from Murray Rothbard’s The Progressive Era, Patrick Newman, ed. (Auburn, Al.: Mises Institute, 2016), chap. 11.] provides a historical glimpse of some of the early logistical days leading up to Social Security’s implementation in the 1930s. It’s an interesting…
Yet Another Study: Millennials Deficient in Saving for Retirement
A new study by National Institute on Retirement Security (NIRS) manager of research, Jennifer Brown, suggests that “Most Millennials have nothing saved for retirement, and those who are saving aren’t saving nearly enough.” Her report on the study, titled “Millennials and Retirement:…