As you approach the golden retirement phase, it’s a celebration of the years of diligence and hard work. Now, it’s about embracing a life crafted by your choices. If Social Security is…
Tag: social security benefits
What You Need to Know About Taxes and Retirement
Regarding retirement planning, taxes often take a backseat to more immediate concerns like saving, investment strategies and calculating income needs. However, understanding the tax implications of various retirement accounts and income sources…
The Hidden Fear Behind Social Security: Are You Making This Costly Error?
Succumbing to fears concerning Social Security could lead to financial consequences. From a statistical perspective, the optimal age to receive Social Security benefits is 70. Nonetheless, many individuals appear to disregard these…
Is Your Retirement Age Secretly Draining Your Spouse’s Wealth?
When you’re single, strategizing for Social Security can seem straightforward since you only need to consider your financial needs and retirement goals. On the other hand, things become more complex when you’re…
Don’t Be Left Penniless: How to Build Retirement Savings from Interest
As the economy, inflation, and Social Security concerns grow, many Americans face challenges in saving for their future. CBS News reports that 50% of women and 47% of men aged 55 to…
Unlocking the Secret Stash: 4 Surprising Sources of Income for Your Retirement
As you bid farewell to your working days, a bittersweet realization accompanies retirement—the regular paycheck you once relied upon is gone. While embracing a well-deserved break from the daily grind, it’s crucial…
Preparing for Retirement: Three Essential Steps to Take
The decisions we make within the last three months leading up to retirement can profoundly impact the success and enjoyment of this phase of life.
Should You Claim Your Ex’s Benefits?
Decisions regarding finances and social security can be intricate, especially when they involve a former partner from a past divorce. Your marriage vows can pay off in the form of higher Social Security benefits even decades after the ink dried on your divorce decree. You may qualify for 50% of your ex-spouse’s benefit if you haven’t remarried, your marriage lasted at least ten years, and two years have passed since your divorce was finalized.
Do You Know What A Social Security Award Letter Is?
The Social Security award letter is a confirmation that your benefits will start. It describes what should be done next to start receiving advantages. You would want to keep this letter as it allows you to prove your eligibility for benefits if needed in the future.
How To Get To 70 With Out Collecting Social Security
Those who delay their benefits until age 70 will receive the maximum monthly amount, and there are no additional increases for benefit deferral after age 70.
