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Retiring early? Beware of Social Security’s “earnings limit” test!
Claiming Social Security benefits before full retirement age (FRA) and shoring up the difference with part-time work can at first glance be a decent way to begin your transition in to retirement while maintaining you income level. But you need…
Some Statistics on Fighting Fraud in Social Security, Medicare, and Medicaid
The National Review’s Kevin Williamson examines the issue of fraud in federal benefit programs, particularly focusing on Medicare and Medicaid. Although he uses the unfortunate term “entitlement” frequently in the article, his assessment of the situation is worth the read.…
Social Security Overpayments–Guess Who’s on the Hook!
If Social Security makes a mistake and pays you a higher benefit than you’ve actually earned, it’s their mistake. But, under current law, they can–and will–exact re-payment from you when the mistake is found (even decades later!) Syndicated columnist Laurence Kotlikoff illustrates a…
Social Security Survivor Benefits–The Value Cannot be Understated
Death, unfortunately, is a fact of life. And if a worker providing for the well-being of a family suffers an untimely death, it’s comforting to know that Social Security provides a measure of benefits to surviving family members. This post…
Social Security and Independence–Perfect Together!
It’s that time of the year–Fourth of July Weekend–when American’s thoughts turn to our country’s independence, with July 4 celebrations commemorating the adoption of the Declaration of Independence in 1776. And amid all of the thoughts we have about the meaning of independence,…
Social Security: A Primer on the Fundamentals
Social Security has implications for all of us, but especially for younger folks. While those at or nearing retirement age have a keen interest in the benefits available to them, the Millennial Generation (those with birth dates from the early…
Staying on Top of Your Social Security Records
These days, the Social Security Administration (SSA) mails benefit statements only to workers age 60 and over who aren’t receiving Social Security benefits and do not yet have my Social Security accounts. But that doesn’t mean you can’t get one if those…
Cost of Medicare for Today’s Retirees
A recent survey of Retirement Healthcare Costs found that a 65-year-old couple retiring today can expect to pay an average of over $320,000 in Medicare premiums over the course of their retirement. Read article here… Notice: The link provided above connects readers…
Late to retirement planning? Maybe it’s time for help.
When you’re young and developing your career, it’s easy to let retirement planning take a back seat to the demands of today. That could pave the way for you to be in your 50’s with no plan for those golden years…
Retirement is in your future – plan for it!
Especially for those who are in the early stages of their career, retirement can seem like something so far in the future that postponing thoughts about it seems comfortable. But while you’re young is exactly the time you should start…