Social Security
Weekend Reading: Avoid Retirement Regrets: Five Facts to Learn Now, Not Later
Proactive planning is your best defense against unwelcome surprises in retirement. By understanding these five key factors, you can build a more resilient financial foundation and enjoy a more fulfilling next chapter.
Weekend Reading: Social Security is Taxable? Don’t Be Caught Off Guard
Primarily, the tax affects those with higher incomes, including anyone still working or receiving substantial retirement income.
Weekend Reading: Searching for When
One of the big questions that might impact you when you retire is your decision on when to begin collecting Social Security benefits. Here, author Patrick Brennan explores the factors that influenced his filing strategy after retiring from the Coast Guard at age 63.
Weekend Reading: 7 Things to Know About Working While Getting Social Security
If you’re planning to work beyond age 62 and/or past your full retirement age (FRA) while simultaneously receiving Social Security benefits, there are important considerations to be aware of.
Weekend Reading: Should You Delay Taking Social Security Benefits?
Your ideal Social Security filing strategy will depend on a variety of factors, including time horizon and discount rate used in calculations. However, to help you simplify your decision, two primary methods that can be leveraged.
Weekend Reading: The Big Thing Clients Don't Get About Social Security Spousal Benefits
People mistakenly believe they have a choice between claiming their own benefits or their spousal benefits. However, the reality is that spousal benefits are determined through a multi-part calculation and comparison.
Weekend Reading: How to Cut Your Social Security Taxes
Much like other forms of retirement income, your Social Security benefits can be taxed (up to 85 percent), depending on if you have additional income sources.
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.