Your Money Matters

Social Security Claiming Changes Justified?

After more than a month of working with congressional staffers, Social Security has issued guidance on the strategies that married couples can use when filing for retirement benefits. Changes aimed at closing so-called “unintentional Social Security loopholes” were included in the Bipartisan Budget Act passed in early November.

Baby Boomer Social Security Shocker

Two popular methods of claiming Social Security benefits, "File-and-Suspend" and "File-and-Restrict," are disappearing thanks to the budget deal worked out between Congress and the White House.

Revenge of the Ex-Spouse…Social Security Style

If you’ve gone through a divorce (or two), when you meet with your financial advisor to discuss your retirement budget, you may be surprised to learn you have more options than you realize. That’s because if you were married to each spouse for at least 10 years, you qualify for a “divorced spouse” benefit.  

Is Social Security Really Going Broke?

The reason Social Security’s long-term outlook has grown worse is, in fact, due to a lack of action on the part of Congress. The last time significant legislation was passed to put Social Security’s finances on a more sustainable long-term footing was 1983.