Money or property you obtain from social security, pensions, annuities, gifts, winnings, inheritance, or selling assets.
#4 of 13 Things People Can Do with Money | by WealthPhase
How well you understand the ins and outs of Social Security entitlements could make a big difference in how much you receive over your lifetime.
Think hard before collecting Social Security early. You may end up regretting it.
Need to replace your lost or misplaced Social Security card? If you live in a qualifying state, Social Security's online application makes getting a replacement card easier than ever.
The Pension Action Center (PAC) at the University of Massachusetts Boston assists people in Illinois and New England with all types of pension problems, but tracking down missing pensions is one of its main missions.
How can you make the most of your Social Security decisions?
Tina Ambrozy, president of sales and distribution at Nationwide, warns of a major disconnect between what consumers think their Social Security benefit will be—and what this amount will cover—compared to reality.
Many American women would benefit from continuing to work after their husbands have retired, accumulating more years of earnings to boost their future Social Security benefit payments.
Choosing the best strategy for claiming Social Security benefits is like playing a game of chess. Dawn Doebler has a few tips for women.
Are you unsure of when to start claiming Social Security benefits? Figuring out the best Social Security claiming strategy is complicated because there's a lot of factors to consider to try to optimize your benefits. Your health, other sources of income, whether you can qualify for spousal benefits, and a host of other issues all come into play when you make the choice about when to get benefits for the first time.
Some common American worries are gaining weight, getting wrinkles, and wondering whether Social Security will go bankrupt. According to a 2017 Nationwide Retirement Institute survey, 78% of pre-retirees report being worried "about the Social Security program running out of funding in my lifetime."
Around one third of Americans expect Social Security will be a major source of their retirement income, according to a 2017 Gallup poll. If you're.
Thinking of filing for Social Security at 66? Here's what you need to know first.
The short answer: You'll lose out -- bigtime.
To help you wade through these waters, we’ve put together a comprehensive guide to Social Security survivors benefits.
If you don't know what you're doing with Social Security, your benefit checks might end up 30% smaller -- or taxed.
Delaying your Social Security benefit can increase your monthly check—but by how much?
Annuitization is a godsend for those who substantially exceed their projected lifespans. Improve your odds of making the right decision by researching your projected statistical longevity and comparing this with your own estimate based on such factors as your family’s medical history and your own current health and lifestyle.
When you receive both your own non-covered government pension and a Social Security spousal benefit, your Social Security benefit may be reduced. The Government Pension Offset (GPO) reduces your Social Security benefit by...
Social Security can be a big source of income in retirement, yet the wrong claiming strategy could be a six-figure mistake.
Social Security is getting a boost in 2018. Here's why that's nothing special.
Here are the changes to the Social Security program set to take effect on Jan. 1, 2018.
Want to get a bigger Social Security check? Most of us know that we can receive a bigger check by delaying SS benefits. But, have you thought about how a Roth (vs. traditional retirement plan) might increase your net SS benefit?
Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase 2.0 percent in 2018, the Social Security Administration announced today.
On the surface, it seems to make sense to wait and get the largest possible monthly benefit. Yet, there are good reasons people claim earlier rather than deferring.
The tax status of your Social Security benefits is based on earnings limits and your age.
Joshua answers a question about a generous financial gift from a listener's in-laws. How should an individual handle the gift to make sure it's a blessing and not a curse?
Tucson.com provides some short and quick answers to Social Security questions covering a wide array of subjects.
Has your situation changed? You may be entitled to a Social Security "do-over." Here's how to reverse your decision and receive a larger benefit later.
Not sure when to start claiming Social Security? If possible, we generally believe it's better to wait (There are exceptions). Read these scenarios to find out why.
“What’s the best age to start receiving retirement benefits?” The answer is that there’s no one “best age” for everyone and, ultimately, it’s your choice. Base your decision about when to apply for benefits on your individual and family circumstances
Generally, we are advocates of delaying Social Security as long as possible. Here are three reasons why you might want to consider claiming Social Security at age 62.
The retirement planning question I am asked most frequently is when to claim Social Security benefits.
Heirs must begin taking withdrawals once they inherit an IRA, but how they choose to make those distributions can have a big impact on their account balance over time.
The terms retirement writers use to describe retirement plan failure can be confusing. There are three progressive levels of failure...
Unemployed at 62? Do something about that rather than starting Social Security benefits.
Some people start benefits at 62 in order to invest the cash. This article claims that is 'dumb.' The argument should be considered, but opposing views—and a number of personal factors—should be considered before making a decision.
Learn how one spouse’s continued earnings will impact current Social Security benefit entitlement.
Married people may be eligible to receive benefits based on the years that their spouse worked and paid taxes into the Social Security system.
Questions about Social Security from seniors with minor children.
Here's the Average Monthly Social Security Benefit for Retired Workers, Survivors, and the Disabled.
Have you arrived at retirement age and dependent solely on Social Security? How do others make it work?
Do you live in Texas and work for a school district that doesn’t pay into Social Security? If you receive a pension benefit, you face potential penalties during your retirement.
Generally speaking, the average American should not be taking those benefits that early. Here are a few reasons why taking Social Security at 62 is a truly bad idea. There are also three situations when it makes sense to claim early.
One of the major perks of having federal student loans is that there are several repayment plans based upon what you can afford to pay rather than what you owe. Will student loan payments increase as the result of an inheritance?
If you're thinking about claiming Social Security, these five tips could help.
Collecting Social Security may be one good part of getting older, but if you don't make the right choice of when and how to file for this benefit, you may be leaving money on the table.
If you claim Social Security early, your checks will be permanently reduced. Consider looking for income elsewhere so that you can wait until full retirement age.
Hucksters posing as Social Security Administration (SSA) employees are calling benefits recipients across the country, Social Security's Office of the Inspector General (OIG) said in a recent consumer warning,
Will Social Security send your benefit to the foreign country you're living in? It depends on the country. What about Medicare? What if you need to conduct Social Security business:? This article answers those questions and more.
Legislation passed in the early 1980s gradually increased the full retirement age for Social Security, which is why it currently sits at 66 for beneficiaries reaching retirement age. If you're born after 1954, your retirement age will be even later than that. Here's what you need to know about your full retirement age, and what it could mean for your Social Security retirement benefits.
You probably know the significance of age 65 (Medicare!). But how about age 50? Or age 59½? Or 62? These are just a few of the important milestones that retirees and future retirees need to prepare for.
If Congress makes no changes in taxes and benefits, benefits will need to be cut in 2034.
Financial expert JB Bryan discusses Social Security benefits for retirees, as well as for those who may have disabilities.
If you have kids who won't graduate from high school until sometime after you turn 62, your family may qualify for extra dollars from Social Security. And those payments for dependent children may make it financially advantageous to file for retirement benefits earlier than you might otherwise.
The Social Security website used to have a break-even calculator, but it was determined several years ago that it could mislead applicants into claiming benefits sooner than would be in their best interest.
If you are inheriting an IRA, you need to know these 5 key provisions.
Deciding when to take Social Security is an important decision. Edward Jones has created a Social Security “LENS” framework that can help you.
Even if your retirement is decades away, you should set up an online Social Security account. If you're close to retirement, do it right now.
Social Security provides an enormous return for those who are patient. Don't get too hung up over taxes on retirement plan distributions.
There are lots of articles that offer advice about when to begin receiving Social Security retirement benefits. Few provide guidance on how to apply.
Whether you're the benefactor or beneficiary, what you don't know about an inherited IRA can foil your plans. Avoid costly mistakes by knowing these rules on IRAs.
You already know that delaying benefits may increase your monthly Social Security check. Here are four other ways to increase your monthly benefit.
While you will get more individual payments by filing early, you'll ultimately lose out on lifetime benefits if you live until your mid-80s, which is what the Social Security Administration considers the standard life expectancy for the average 65-year-old today.
The most popular age for claiming Social Security is 62. Why do so many people claim this early?
Planning on an early retirement? You may want to reconsider.
Once an option loaded with expenses, tapping your home equity with a reverse mortgage is a more viable retirement income planning strategy.
Annuities can help you avoid outliving your retirement income. But, they aren’t for everyone. Before you buy one, ask these five questions.