FRA

The Importance of Knowing (and Considering) Your FRA When Pondering Filing for Social Security

Surprisingly, many folks approaching Social Security eligibility are not clear on what their full retirement age (FRA) actually is. But more importantly, many folks are also not aware of the impact their FRA has on their ultimate level of benefits.…

COVID-19 and Your Decision to Claim Social Security Benefits

Those who have been weighing their options for Social Security benefits know that filing early (i.e. before their full retirement age – FRA) will result in a reduction from their FRA benefit. Likewise, they know that deferring their filing beyond…

Benefits at FRA or Age 70…A Look at the Debate

MarketWatch columnist Mark Hulbert provides an interesting discussion about the question of which is financially best: to file for Social Security benefits at full retirement age, or delay to age 70 and reap the rewards of delayed retirement credits. Like…

Ask Rusty – Maximizing Spousal Benefits

Dear Rusty: My husband turns 68 next year, and I will be turning 66. He plans on continuing to work and retiring at age 70 to maximize his monthly Social Security benefits. I am retiring next year due to a…

Entering Your Seventh Decade? Here Are Some Things You need to Know

For those of you aging into the time of life when ideas like retirement, financial planning, and Social Security begin to move further up your priority list, there are so me fundamentals you need to master as quickly as you…

The Impact of Deferring Social Security Benefits

The Motley Fool’s Katie Brockman provides a review of the financial benefit–in terms of monthly payments–resulting from delaying one’s Social Security benefits until age 70, citing the “advantage” that accrues in the form of 8% delayed retirement credits each year. Her…

A Summary of Social Security Issues

In a post on www.dailyprogress.com, financial advisor Jorgen Vik takes a look at a variety of issues, ranging from Social Security’s rumored bankruptcy to strategies associated with spousal benefits. He also touches on widow and widower benefits and the presence of a…

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