Full retirement age
Demystifying Social Security for Couples
For a couple, developing a Social Security (SS) claiming strategy can be challenging because there are several key factors which, together, influence the best claiming option for each partner. Those key factors are: ● Personal benefit disparity (difference between each…
Retirement Savings: How do you measure up?
For many young people, “retirement savings” is something to think about in the future. But, believe it or not, the future may be closer than you think. Ask anyone in their early sixty’s evaluating if they can retire and how…
A $5,000 per month Social Security benefit?
May seem like an unreachable star, but getting a monthly Social Security payment of $5,000 isn’t an impossible dream! As the saying goes, good things come to those who wait, and that is precisely true when it comes to when…
Demystifying When to Claim Social Security Retirement Benefits
Claiming Window is 8 Years Long Perched high on our list of Frequently Asked Questions is this: “When should I claim my Social Security retirement benefits?” That’s not surprising, since there is an 8 year window, starting at age 62…
Ask Rusty – When Will I Get Full Credit for Delaying my SS Retirement?
Dear Rusty: The time is nearing that I want to move from my current Social Security survivor benefit to my own SS retirement benefit at 70 years of age. I have been looking more deeply into the application of Delayed…
Anaylzing the Claiming Age Trade-offs
Although age 62 remains the most popular age for claiming Social Security benefits, and although many folks realize that deferring that decision will yield a higher monthly benefit, deciding to jump in or wait can be agonizing. A thoughtful decision…
A Quick Update on Social Security Benefit Reduction History
With the potential for Social Security benefits looming in the near future, we thought now would be a good time to reflect on some history. Specifically, we’re linking you to an article posted on the Prescott News website by their…
Timing is everything when it comes to Social Security
“Timing is everything.” — Buck Brannaman. This statement applies when it comes to when you should claim your Social Security benefits. If you take them at age 62, they will be permanently reduced by as much as 30 percent compared…
Working More Can Mean a Higher SS Benefit
As most know, it is possible to claim Social Security retirement benefits as early as age 62. But did you know that doing so will mean your monthly benefit will be as much as 30% less? When to claim SS…
The Social Security Full Retirement Age – U.S., compared to other countries.
In this time of uncertainty about the financial stability of our U.S. Social Security program – especially its ability to meet its long term financial obligations – included in the various reform proposals is the concept of raising the U.S.…