Social Security
Avoiding the Mistakes That Produce Financial Shortfalls in Retirement
We’ve heard this before…there are some basic missteps you can take that will cost you comfort in the long run. One of the most frequently heard suggestions is to avoid filing for benefits too early, while close behind it is…
A Realistic Look at the “Maximizing Social Security” Incentive
In a post on tucson.com, nationally syndicated former SSA analyst Tom Margenau takes a look at the popular notion that there exists a secret way of getting the highest possible payout from their earned Social Security benefit. As he points out, the “secret”…
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…
Looking Ahead to 2021 COLA (Or, Lack Thereof)
Nobody really knows what will happen when the CPI-W numbers for the third quarter of 2020 are compared to 2019’s third quarter, but there is mounting speculation that there will likely be a year-over-year decline in living costs (at least…
Stimulus Checks – Some of the Details
As reported in yesterday’s headline article, the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” passed in Congress, providing for substantial stabilization in America’s economy during the unprecedented medical crisis sweeping the country. As approved, the Act provides critically needed…
FSA to Stop Wage Garnishment, Collections Actions for Student Loan Borrowers
The Association of Mature American Citizens (AMAC) along with other consumer advocacy groups urged Education Secretary Betsy Devos to suspend the collection of defaulted federal student loans during the pandemic. In response, Education Department officials have ordered the private companies…
Understanding Survivor Benefits
One of the most-often questioned areas of Social Security relates to the issue of survivor benefits and what scenarios need to be considered when one’s initial filing decisions are made. For example, what will be the increase a lower-earning spouse…
The Case Against a Payroll Tax Cut
As we pointed out in our March 18 headline post, the idea of a payroll tax reduction or the complete elimination of the payroll tax for a period of time could have serious consequences for a program already in the…
Women and Social Security: The Importance of Leveling the Playing Field With Education
Effective retirement planning requires quite a bit of focused attention, but it also requires an in-depth understanding of the rules and options surrounding Social Security’s key decision points. In a post on plansponsor.com, Journalist and Editorial Assistant Amanda Umpierrez offers…
SSA Offers Extensive Q&A Covering Their Services During Pandemic
Offering a host of guidelines on their operations and operational status during the coronavirus pandemic, the Social Security Administration published an advisory to the public designed to address likely concerns in the days and weeks ahead. The advisory addresses payment…