Social Security

Social Security: How to Plan Around Uncertainty

Key Points ****************** Americans are not confident in Social Security solvency, according to new research Benefit amounts can vary greatly based on the age that you begin collecting Legislative standoff could make other sources of retirement income more crucial ******************* Social Security has been serving as a safety net for over 80 ...Read More

Making Our Retirement $$s Last. Here’s 5 “How-To’s”

Even if you’ve planned carefully and your retirement nest egg is hefty, there’s always a possibility that you’ll outlive — or outspend — your money. So, if you’re worried about running out of money, consider these 5 steps and alleviate your concerns. Buy longevity insurance With longevity insurance, you give the ...Read More

How To Double Your Social Security Check

The average monthly 2016 Social Security check is $1,341, which is $45.00 per day, or a little over $16,000 per year. Stories abound about how people are not able to live – or only struggle to get by – on their Social Security income in the United States. Even if they can manage to walk the budget tightrope, it’s not much of a retiremen...Read More

4 Tax Tips Every Person Over 50 Needs To Know NOW!

The Baby Boomer generation is swiftly approaching retirement or have already entered it. Understanding the tax code can not only save you money, but it can help you plan your future. Here are five simple tax tips you need to know now. 1. It’s not too late start a retirement saving plans Even if you’re already in retirement, this tax tip...Read More

Social Security: The Nuts and Bolts

In 1935, in the midst of the Great Depression, President Franklin D. Roosevelt signed the Social Security Act, creating an insurance program to protect American workers from dire poverty in old age. It has since become a significant thread in the fabric of the national economy. In 2015, more than 59 million Americans — or about 18.3% of the p...Read More

Social Security: Yup – 2 Loopholes Closed, BUT – These Claiming Strategies Still Work!

Benefits-claiming strategies that work Congress recently eliminated 2 lucrative Social Security claiming strategies for most Americans. But there are still plenty of ways to boost the check that’s likely to be a main source of income in retirement. There are a few things to keep in mind. One is that benefits typically are reduced if they̵...Read More

How Not To Become A Bag Lady

Half of American women worry about becoming a bag lady, according to a 2013 Allianz survey, and those fears aren’t necessarily irrational: Poverty rates for older women are nearly double those for men. The gap has persisted in recent decades even though more women work and contribute to retirement funds. Researchers are still trying to puzzle...Read More

Social Security – Where They Stand: The Republicans Weigh In

Social Security was a hot topic during Wednesday night’s 3rd GOP presidential candidate debate (Oct 27, 2015). Almost everyone voiced an opinion, but they boiled down to more noise than substance.  Mike Huckabee, former governor of Arkansas, and Sen. Marco Rubio of Florida both argued strongly against any cuts to current benefits. Rubio said:...Read More

Social Security – Where They Stand: The Democrats Weigh In

The future of Social Security is likely to be a hot topic in the 2016 presidential election, but it only popped up briefly in the 1st debate among Democratic candidates. During Tuesday night’s debate (Oct. 13, 2015), Vermont Sen. Bernie Sanders said, “My view is, when you have millions of seniors in this country trying to get by —...Read More

567 Ways To Collect Social Security

There are 567 ways for a couple to claim Social Security, the Securian Financial Group pointed out in a recent communication to its financial planners, but only 18 percent of couples are making plans to maximize benefits. According to the Social Security Administration, among those receiving retirement benefits: Some 52 percent of married couples a...Read More

Do Social Security Benefits Change If I Move?

Long before you relocate to one of America’s top retirement spots, there’s one financial move you should make that could save you a fortune. Optimize your Social Security. Choosing when and how to file for Social Security benefits can save you and your spouse hundreds of thousands of dollars over your lifetimes. Should you file early at...Read More

4 Hacks (or Shortcuts) to a Happy Retirement

Hacks are shortcuts that make life easier. They can be clever ways to use existing objects or subvert routines. Tedious chores and complicated decisions are made easier with hacks. There are life hacks for most ventures — even retirement. Retirement comes with some big decisions. Here's the most effective way to hack retirement: Plan ahe...Read More

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