Posts with the category ‘Social Security’
By Elaine Floyd, CFP® Continued earnings could increase your Social Security benefit depending on your situation. One thing is for sure: working part-time at reduced pay will never cause your benefit to go down. A common question among people in their 60s is this: If I keep working, will my Social Security benefit go up? An even more common question is this: If I take a part-time job at a lower salary, will it cause my Social Security benefit to… Read More
By Elaine Floyd Social Security is an extremely valuable retirement resource for women. It’s valuable for men too, of course, but as a demographic, women derive more benefit from this government-sponsored retirement program. To gain these benefits, however, women clients need to understand some of Social Security’s special features in order to take full advantage of them. The Lifetime Value of Monthly Benefits Social Security is one of the few sources of retirement income that keeps up with inflation and… Read More
Written by: Mary Beth Franklin April 29 deadline looms for those who want to take advantage of current rules. Anyone who is 66 or older and submits a request to file and suspend their retirement benefits by April 29, 2016, will be able to take advantage of current rules that allow a worker to trigger auxiliary benefits for a spouse or dependent child while the worker’s own benefits continue to grow up until age 70. The official deadline of April… Read More
Written by Mary Beth Franklin As confusion over filing rules continues, some complaints about false information emerge. My email inbox continues to fill up with complaints from financial advisers and individuals about false information they have received at their local Social Security offices when they attempted to file and suspend their benefits before the April 29 deadline. The frustration is palpable and some have even turned to their members of Congress for help. Learn more here.