The wrong filing decision can cost you tens of thousands of dollars in lost income over the decades you will spend in retirement. Be sure you get this right.
Understanding the rules for divorced spouse benefits could mean thousands of dollars in additional income each year.
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.
Turns out, what many well-known stores are passing off as pricey “Made of Bamboo” merchandise is actually made of something far more ordinary: rayon.
White House and Congress Play Loose and Dangerous with Social Security Rules (Tough Luck, Divorced Women)
If you are thinking of filing for benefits and call Social Security’s toll-free number or visit your local office, not a single person can tell you if or how you are affected.
A skip-a-payment offer is like a Trojan horse: you don’t realize what you’re letting into your financial life until it’s too late.
Many Americans now think it is riskier to make a credit card transaction at a brick-and-mortar retailer than via the internet, a smartphone or a tablet.
The recently-enacted 2016 budget act took away some popular Social Security claiming strategies but it gave seniors a reprieve from as much as a 50% increase in their Medicare Part B premiums next year.
To be entitled to a retirement benefit, soldiers have to meet the same minimum requirements as civilian workers: They must have earned at least 40 Social Security “credits” and be at least age 62. Spousal and family benefits also apply.
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.
Next year, thanks to a perfect storm of circumstances, some retirees could see their Medicare Part “B” premiums go up by more than 50% while 70% of retirees see no premium increase at all.
”There is not even a patriotic duty to increase one's taxes.”
Market volatility, inflation, and having to pay for more years of retirement due to longevity top the list of concerns for people heading into their “golden years.”
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.
It all started because of a growing concern on the part of university officials: an increasing number of graduates were walking away with a diploma and a significant amount of student loan debt.
Most of us don’t plan on managing other peoples' money, or OPM. But whether you have a “power-of-attorney” or are called a “guardian,” a “custodian” or a “trustee,” you are considered a “fiduciary.”
Lump sums and Social Security
Here’s what the acting commissioner of the Social Security Administration would like you to know about Social Security.
It’s hard to find someone who has not received a computer-generated phone call, a.k.a. a “robocall.”
A just-published report by researchers at the New York Federal Reserve Bank confirms what many have suspected: the driving force behind sky-rocketing college tuition is the increased availability of federal student aid.