Full retirement age
Even waiting a short time to apply can make a huge difference to your checks.
You can start Social Security as early as 62, but your benefit will be permanently reduced. Waiting until FRA gives you the full amount, and delaying until 70 can significantly increase your monthly payment. Let’s make it clear: there is…
You would want to avoid these common misconceptions
Social Security plays a critical role in retirement planning for many Americans. Social Security benefits serve as a stable, guaranteed income source that can be essential for maintaining a basic standard of living. Unfortunately, this important decision, if you get…
When men and women start claiming Social Security
You can start Social Security as early as 62, but your benefit will be permanently reduced. Waiting until FRA gives you the full amount, and delaying until 70 can significantly increase your monthly payment. According to information from the Social…
Will Congress Finally Get Serious about Reforming Social Securty?
We’ve covered Social Security’s forecasted financial issue in these web pages regularly, but the question still looms heavily in our collective minds – will Congress finally act in time to restore Social Security to financial solvency? After all, program insolvency…
A Changing Retirement Landscape
If you are now in your 50s, chances are you’re starting to give serious thought to your forthcoming retirement, which usually occurs somewhere in your 60s. Indeed, the nation’s most importance retirement program, Social Security, allows you to take earned…
An Onerous Task for Congress: Social Security Reform
Social Security’s Trust Fund reserves are forecast to be fully depleted by the end of the year 2032. If that happens, everyone then receiving monthly Social Security payments will have those payments cut by an estimated 22%. What would that…
Securing Repayments to Social Security
In its focus on reducing fraud, the Social Security Administration has announced a change in the process used to repay money owed to Social Security. No longer will SSA suggest people to remit payments by mailed checks or by supplying…
Social Security Considerations for those in “The Trades”
Skilled tradesmen are surely in a different category when it comes to deciding when to claim Social Security benefits. Fact is, the body doesn’t always hold up well for those engaged in a career as a skilled tradesman – e.g.,…
Is there a “magic age” to claim Social Security benefits?
With anxiety building over the much-reported depletion of Social Security’s Trust Funds by 2032, many are suggesting that those eligible should claim Social Security as soon as they are old enough to do so. The implication being that if Social…
Finally, some Congressional Bipartisanship! Will it work this time?
Unless you just don’t watch the news, you are already aware that Social Security is (as has been warned for decades) facing financial difficulties which could culminate in a catastrophic 22% cut in everyone’s SS benefit in about 2033. All…