Social Security
Weekend Reading: 7 Things to Know About Working While Getting Social Security
If you’re planning to work beyond age 62 and/or past your full retirement age (FRA) while simultaneously receiving Social Security benefits, there are important considerations to be aware of.
Weekend Reading: Should You Delay Taking Social Security Benefits?
Your ideal Social Security filing strategy will depend on a variety of factors, including time horizon and discount rate used in calculations. However, to help you simplify your decision, two primary methods that can be leveraged.
Weekend Reading: The Big Thing Clients Don't Get About Social Security Spousal Benefits
People mistakenly believe they have a choice between claiming their own benefits or their spousal benefits. However, the reality is that spousal benefits are determined through a multi-part calculation and comparison.
Weekend Reading: How to Cut Your Social Security Taxes
Much like other forms of retirement income, your Social Security benefits can be taxed (up to 85 percent), depending on if you have additional income sources.
Weekend Reading: Don’t Panic! Social Security Isn’t Going Away Anytime Soon
While policymakers have reforming to do, rest assured, Social Security is more than likely here to stay.
Weekend Reading: 7 Social Security Mistakes to Avoid
Your optimal Social Security claiming strategy doesn’t need to be complicated, but it does involve making sense of complicated rules and regulations.
Weekend Reading: 9 Ways to Help Clients Reduce Taxes on Social Security
You’re well aware Uncle Sam wants his share of your retirement income, but some of the families we meet with are surprised to find that includes Social Security benefits.
Weekend Reading: The Future of Social Security: Look at History to Find Solutions
While the system isn’t disappearing, a revision needs to be implemented before Social Security’s estimated 2035 insolvency, at which point 80 percent of benefits can be paid out. Simply put, that makes this a 20 percent problem – not an all-or-nothing issue.
Weekend Reading: Myths That Won't Die
You’re certainly aware of the complexities that come along with navigating Social Security benefits. However, with conflicting information at your fingertips online, here are some Social Security myths to apprise yourself of as well.
Weekend Reading: Beware of Social Security Agents Bearing Lump-Sum Offers
If you’re waiting to claim Social Security until age 70 and reap maximum benefits, it’s important to know the lump-sum option that could be offered to you beforehand.
Weekend Reading: 7 Ways to Reduce Taxes on Social Security Benefits
It should come to no surprise that as with any other retirement income stream, Uncle Sam gets his (taxable) share of your Social Security benefits.
Weekend Reading: Social Security More Valuable Than Ever – Even for Millionaires, Advisors Say
Despite stock market volatility causing a 25 percent decline over the past year, there is good news for Social Security recipients: In 2023, benefits will increase by 8.7 percent to keep pace with rising inflation and cost-of-living.