Note: Only people who reached age 66 by May 1, 2016 can file and suspend their benefits. “One way to improve your retirement is to maximize Social Security benefits you will receive. In a recent survey, 49 percent of American workers said they are not confident that they will have enough money to live […]
Ask the Coach! Your Top Social Security Questions Answered…
Got a burning question about Social Security? Ask the coach! As a financial planner who specializes in retirement and Social Security planning, I want to know what your top questions about Social Security are. And I want to answer those questions! I read and answer every question, so here’s your chance to get your most […]
The Health of Social Security Unchanged
According to the 2014 Trustee’s report released in late July, not much has changed on the Social Security funding front. The assets for Social Security Old Age and Survivor Insurance (OASI) are expected to last until 2033. This is the same as last year’s report. In the report to Congress, the Trustees said that the […]
Social Security Overpays Billions of Dollars in Benefits
As a Social Security blogger I typically search for news stories on the topic several times a week. Imagine my surprise when the top stories this morning are about Social Security overpaying benefits, sometimes tens of thousands of dollars! ‘Critical failures’ lead to Social Security overpayments – CNN Wed, 30 Oct 2013 11:33:06 GMT Long after […]
Social Security Increase for 2014 to be 1.5 Percent
Update 10/30/13: It’s official. The SSA just announced that the benefit increase for 2014 will be 1.5%. You can see the press release here. Many Seniors and other Social Security beneficiaries may not know it yet, but the expected Social Security increase for 2014 is 1.5 percent. The Announcement was scheduled for October 16, but […]
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