Category: Social Security

social security strategy

Social Security Strategies: 15 Easy Tips for Making the Best Decisions

Signing up to start Social Security is simple. However, finding the right Social Security strategy for you can be complicated but VERY worthwhile. Here are 15 tips for making the best Social Security decision: Social Security Strategies For Almost Everyone 1. Delay the Start of Benefits for As Long As Possible This Social Security strategy…

Do You Really Care About Your Wife? (Social Security Survivor Benefits Suggest Otherwise)

A new study from the Boston College Center for Retirement Research has found that husbands ignore (maybe overlook or under think) their wife’s retirement income needs when making decisions about when to start Social Security benefits. Widows (and widowers) are entitled to switch to Social Security Survivor benefits and receive their spouse’s full benefit amount…

how to apply for social security

How to Apply for Social Security: Easy Steps to the Right Decisions

How to apply for Social Security is very straightforward.  In fact, applying is perhaps too easy for such a very important decision.  The more important and complicated question is: When to apply? But, let’s get started with the easy part… 6 Steps to Apply for Social Security Just follow these six steps… Step 1: Make…

Making the most of Social Security

7 Insider Tips for Getting the Most from Social Security

Mary Beth Franklin is a nationally recognized expert in Social Security claiming strategies, she is also a frequent public speaker.  And, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Here she offers you her Social Security expertise with 7 insider…

Podcast: Mary Beth Franklin on Avoiding Big Social Security Claiming Mistakes

Episode 10 of the NewRetirement podcast is an interview with Mary Beth Franklin.  Mary Beth is a nationally recognized expert in Social Security claiming strategies.  In fact, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Listen to find out why…

Social Security is Officially Running in the Red and News for Medicare is Worse

Social Security and Medicare are in real financial trouble. If you are of retirement age now, your benefits are probably not in peril. However, nothing is certain and if you dive into the numbers, you can see that there are very real concerns about the future of these programs. Big Problems for Social Security Become Real…

Social Security 2018

Social Security 2018: Biggest Benefit Increase in Recent History Is Probably Not Enough

Social Security 2018: The Social Security Administration announced this week the biggest Cost of Benefit Living Adjustment (COLA) increase of the last five years.  However, many retirees say that it is just not enough. The Social Security 2018 increase is big, but definitely NOT that big. Recipients will receive a whopping… big… massive… 2% increase. …

starting social security

Are You Relying Too Heavily on Social Security in Your Retirement Plan?

Most of us count down the days, months and even years in anticipation of starting Social Security. In fact, besides qualifying for Medicare, perhaps the retirement event we most look forward to is the day we can start receiving these benefits — after sleeping in of course. Carly Simon’s lyrics come to mind: Anticipation Anticipay…

collecting social security

Delay Collecting Social Security and Your Finances Will Win Big:
It’s a Better Bet than Real Estate

You need to make a lot of choices in retirement.  Many people tout the benefits of investing in real estate.  However, there is a less glamorous way to use your money for better returns.  Delay collecting Social Security and your finances will win big. Here Henry K. “Bud” Hebeler outlines how delaying the start of…

Married? This is the Single Smartest Social Security Decision You Can Make

You have a lot of decisions to make about retirement.  And, if you are married, you have nearly twice the number of choices — plus the complications of competing priorities and sometimes differing goals and expectations. Your Social Security decisions can profoundly impact your spouse today, tomorrow and long after you are gone… The good…

How Do Clinton and Trump Compare on Social Security and Other Retirement Issues?

Should retirement issues influence how you vote?We are in the midst of a presidential election like none that has ever come before.  And with record numbers of people turning age 65, retirement issues are important. If you are at or approaching retirement age, you may wonder which candidate is a better bet for your interests…

social security disability

Expert Interview Series: Sheri Abrams on Social Security Disability

An illness or injury can totally derail the best laid retirement plans, making it difficult or impossible to earn an income. In 2014, 2.5 million Americans applied for Social Security Disability. But only 810,973 were granted disability payments. What happened? What went wrong? Government agencies can be tricky to navigate at the best of times,…

Social security benefits

Thought Leader Series: Retiring on Only Social Security: Great or Terrible Idea?

Rebecca Wiggins is the Executive Director of AFCPE and holds a Masters of Family Financial Planning from Kansas State University. Search for an AFCPE Certified Professional in your area by using the association’s search tool. Now in its 80th year, Social Security is still the cornerstone of the American retirement plan. Following the Great Depression,…

Improve your retirement plan

Know Your Social Security Choices to Improve Your Retirement Plan

Choosing the right time to claim your Social Security benefits could improve your retirement plan. If you review your Social Security choices — your options for claiming Social Security benefits, you will find that you can increase your monthly Social Security income by waiting until after you are 62 years old to claim your benefit.…

Social security

Happy Birthday, Social Security: You’re 80 Years Young!

August 14 marks the 80th birthday of the program that we know as Social Security. Eighty years ago, the country was suffering through the Great Depression. Jobs were worse than scarce, and families were worse than poor. Pensions had all but disappeared, so the elderly suffered along with younger people who couldn’t find adequate work.…

Social security

How Can I Be Sure it’s the Right Time to Start Taking Social Security?

Choosing when to claim your social security benefits can be one of the most important decisions that you make in retirement. Proper timing is important, but with conflicting information and advice, it can be hard to determine what the best course of action is for you. Let’s explore what factors you should consider when making…