Social Security

The Psychology Behind Claiming Social Security Benefits Early

Age 62 continues to be the most popular claiming age for Social Security benefits–40% of men and 47% of women decide that way, according to the Social Security Administration. Although this option is counter to the advice doled out by…

Who is most (least) prepared for retirement?

A recent Vanguard survey found that 85 percent of Gen Z’ers surveyed said retirement benefits were a chief concern in their job hunts. Both Gen Z and millennials are saving more in their workplace retirement plans than previous generations due…

These rules dictate how much you will receive in retirement

The Social Security Administration reports that 31 percent of the workforce in private industry have no access to pension coverage, and only 16 percent of those without access said they have any retirement savings. A recent Nationwide Retirement Institute survey…

When someone dies

Social Security retirement benefits are paid in the month following the month for which they are due. It’s important to understand that Social Security only pays benefits for a specific month if the beneficiary was alive for the entire month.…

How to achieve the maximum amount

The maximum monthly Social Security benefit for 2024 is $4,555. There are three steps involved in achieving the maximum benefit. What are they, and can the average person achieve them? Keith Speight outlines the three steps and suggests even if…

Replacement rates

You may have heard financial experts use the words- replacement rates -but what does that mean? Replacement rates are common and useful tools by which individuals and policy analysts plan for retirement by assessing the sufficiency of Social Security benefits…

Want more money from Social Security?

Your full retirement age varies based on the year you were born. Also, the amount you would receive at your full retirement age- based on your lifetime earnings. However, the amount you are entitled to each month depends on when…

Make sure your expectations of Social Security are realistic

We all dream of what we will do in retirement, maybe work on your golf game or see faraway family members, but are you prepared for it? Do you know what your Social Security will be? Not just talking about…

Could hurricanes play important role in the 2024 COLA?

How will the heightened hurricane activity this season affect the 2024 Social Security cost-of-living- adjustment? Some experts are expectorating on how the storms will impact supply shortages and price increases. Gas prices contribute to the inflation index used for calculating…

The odds of approval of your SSDI application varied greatly by state 

After you file your SSDI claim, it usually takes three to five months to decide. The time will depend on how much evidence you provide with your application. Three to five months is just the average; it can take longer…

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