They say that numbers don’t lie—and you definitely want to know about this data! Before you decide to retire at age 62 and start taking Social Security benefits, you may want to dig a little deeper into the statistics, especially if you are a man. “Your life might depend on…
Many things change when you retire, including tax strategies. Steps that you took when you were working, may now work against you. Knowing what has changed and what you need to do can help avoid unnecessary tax liabilities. Tax planning is different after retirement. You might think that a lower…
Deciding when to start taking Social Security payments has to be considered in the total picture of retirement planning. The challenge of retirement planning is that once a big decision is made, you don’t have three or four decades to fix any mistakes. The same holds true for deciding when…
Certain organizations are known for providing amazing customer service. Social Security is not usually one of them. However, there are some services that Social Security does offer that are not well known and that could make life easier for many. Good news is hard to find when it comes to…
Rules on claiming benefits were never simple and recent changes have eliminated "file and suspend" techniques. Here's what you need to know about Social Security benefits right now. Social security was originally designed to serve the elderly and destitute, but today, working Americans depend on Social Security benefits to fund…
In the article "Social Security Changes in 2016.", AARP provided a full list of the Social Security changes for this year. No Bump. Social Security beneficiaries will not receive a cost-of-living adjustment (COLA) due to low inflation. This is the third time since 2010 that beneficiaries won't see a raise.…
An interactive online tool has been released by the U.S. Consumer Financial Protection Bureau (CFPB) that walks consumers through a series of questions to help them better understand the optimal time to file for Social Security benefits. The "Planning for Retirement" site is an attempt to address a serious problem…