Social Security
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.
Weekend Reading: Ten Reasons to Claim
Here, author John Yeigh compiles a list of ten “whys” behind his choice to file for Social Security benefits just after full retirement age, instead of delaying until age 70.
Weekend Reading: Benefits of Work
The complexities of Social Security span wide, and that includes if you continue to work after starting benefits.
Weekend Reading: When Do Social Security Benefits Become Taxable?
According to the Social Security administration, about 56 percent of individuals will owe federal taxes on their benefits, and determining if that includes you, as well as how much you could owe, draws down to pinpointing your provisional income.
Weekend Reading: Let's Bust These Five Social Security Myths
Thoroughly understanding your Social Security benefits is complicated. With the rules and regulations being far from straightforward, maximizing your filing strategy might seem difficult to navigate as well.