Recently, I was teaching a Taxes in Retirement class and the discussion shifted to how to decide “when” to collect Social Security. I was explaining the conditions in which it makes the most sense to defer Social Security until age 70. One attendee asked how he should factor in the possibility of Social Security Benefits …View Article
Category: Social Security
Social Security
Social Security Benefits – FAQs
Social Security benefits are always a hot topic, even though there haven’t been many changes since 2015, when congress eliminated the file-and-suspend and restricted application claiming strategies. Nevertheless, here is an updated version of Frequently Asked Questions about Social Security benefits from our book: A Good Financial Advisor Will Tell You… 1) Can I collect …View Article
Social Security Eliminates 2 Popular Spousal Options
We have written before about the need to reform Social Security in order to keep it solvent. It was pretty safe to assume that any changes would be unpopular. However, I never envisioned that it would happen like this. Just to be clear, the changes that were included in the “Bipartisan Budget Act of 2015” …View Article
Social Security Survivor Benefits For Families
Most people reading this have known someone who died prematurely. Too often, the family’s grief is compounded by financial stress and uncertainty. The first thing that goes through my mind when I hear a story like this is, “I hope they had enough life insurance.” However, another source of financial support for these young families …View Article