For those who think your Social Security benefit comes free and clear, think again. For a good amount of baby boomers, Uncle Sam will most likely have his hand out when it comes time to pay your taxes.
The Bipartisan Budget Act of 2015, which takes effect on May 2, contains a provision that eliminates certain strategies that have been used to maximize Social Security retirement benefits.
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.
Have you been offered retroactive Social Security benefits? Discover why you should not take the Social Security Administration up on their offer.
Building your nest egg over the course of your career is no easy task, but what can be more complicated is figuring out the best strategy for “withdrawing” the money you saved during retirement.
Do you know the amount of monthly benefits that you should expect to receive from Social Security when you retire? Learn how to predict your Social Security payout.
Did you know that you can sign up for an account to help you track the progress of your expected future retirement benefits? Discover why you should get a My Social Security Account today.
Understanding the rules for divorced spouse benefits could mean thousands of dollars in additional income each year.
When couples are several years apart in age and one spouse wants to retire earlier than the other, retirement can be a tricky transition.
Most presidential candidates lack a solid plan to fix Social Security and AARP wants some answers. Only 10% of Americans ages 25 to 69 are 'very confident' they will get as much as Social Security delivers today, and 18% believe they will get nothing..
What is one of the biggest fears gripping today’s retirees? Paying for health care in retirement. According to an annual survey conducted by Nationwide, 63 percent of affluent pre-retirees are 'terrified' over what health-care costs will do to their plans for retirement.
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.
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.
Image source: Flickr / silly_little_man.
You can choose to start receiving Social Security benefits at any time between your 62nd and 70th birthdays, and many financial experts emphasize the fact that the longer you wait, the larger your monthly benefit checks will be.
Thanks to the negligible inflation in 2015 there will be no cost of living increase in 2016 Social Security checks. Learn what you can do in a year with no COLA.
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.