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Arieh_L__Popik_with_his_wife,_parents,_children_and_grandchildren_in_1955

Who benefits when Social Security changed?

Changes needed for Social Security to be better funded often ignore a simple point – who benefits from the change? Short answer – anything done, to improve funding, benefits our children and grandchildren. Social Security is a multi-generational program … people forget this when they view it as a government program and mentally picture government (bad) […]

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Statman-Retirement-Groups

Are You Headed for Retirement Disaster?

Gone are the days of work, golden watch and retirement with a pension. Few companies offer pensions today and government workers are also being shifted to retirement savings plans where they contribute instead of being solely employer based. Longevity was shorter when pensions were the rule so the pension plan was on the hook for […]

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How might delaying your Social Security benefit help you?

Many people take Social Security too soon because of many different reasons. If you can structure your retirement just a bit differently, delaying Social Security leads to higher benefits once you do start. For some, delaying is not an option because they didn’t save enough for retirement to begin with – and thus Social Security becomes the […]

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Feel like you might have started Social Security too soon?

Are you having benefits with held by Social Security because you are working now? How can you increase your Social Security income later? You still have choices up until age 70. The Senior Citizens’ Freedom to Work Act of 2000 has resulted in many strategies and options when it comes to claiming your Social Security benefits. My […]

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FRA

Did you, or someone you know, start Social Security too soon?

Did you know that even if you started Social Security early, you can suspend your benefit after you have reached Full Retirement Age (FRA), (between 65 and 67 depending on your birth year) and then restart it again anytime up to age 70! You might ask “Why would you do that?” You may not have an […]

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When to Begin Social Security? Even Some Advisors Aren’t Sure

Well some advisers might not be sure about how to optimize Social Security. For those advisers who are aware, they know there are basics to claiming strategies and that individual situations can make claiming a bit more complicated. For example, there is even a special case where a person could end up claiming three (3) different benefits amounts through a well planned switching strategy […]

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Social Security

When Should You Collect Social Security?

The answer depends on how long you think you’ll collect benefits, in other words, live. But … that’s the hard part because nobody really knows how long they’ll live. The answer is easier for couples since it is likely that one of you will survive the other. Therefore, one of your benefits should be delayed in […]

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Social Security – How COLA affects benefits – 6th in a series

Horsesmouth Social Security COLA View more documents from Lfranksr.

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Women should decide Social Security strategy

Many financial advisors express frustration over their inability to get wives involved in financial planning. Whether it’s lack of interest by the wife or dominance in conversations by the husband, it is fairly common to see one-sided decision-making by married couples. I find this not to be a problem for single women because they are naturally making […]

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Social Security statements are now available online.

Social Security statements are now available online.

Social Security statements are now available online. After suspending the mailing of annual statements to save money, the Social Security Administration has worked out the security details necessary to make the statements accessible online (The system taps into Equifax, the credit reporting agency, which maintains obscure information like where you lived 15 years ago and […]

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