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.
Ms. Buckner is a Retirement and Financial Planning Specialist and an instructor in Franklin Templeton Investments' global Academy. The views expressed in this article are only those of Ms. Buckner or the individual commentator identified therein, and are not necessarily the views of Franklin Templeton Investments, which has not reviewed, and is not responsible for, the content. If you have a question for Gail Buckner and the Your $ Matters column, send them to: yourmoneymatters along with your name and phone number.@gmail.com,
No matter what Ben Bernanke, Congress, or the ECB do, the actions and financial decisions made by parents always make the biggest impression. You cant expect a child to walk-the-walk if you dont set an example yourself.
Understanding the rules for divorced spouse benefits could mean thousands of dollars in additional income each year.
Let me ask you a question: Are you living on the financial edge?
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.
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.