My Comments: Wow! A monthly payment every month for the rest of your life! How good is that? Despite the caustic rhetoric filling the air waves, causing turmoil and worry, I very much doubt there’s going to be any drastic changes to Social Security. Some loud voices want it to be abolished, but there are …
Continue reading The Death of Social Security Has Been Greatly Exaggerated
My Comments: As someone who depends on payments from the Social Security Administration to maintain my standard of living, the idea that people in Congress are considering reducing those payments is concerning. We have to hope that elected representatives find a reasonable solution that will allow the program to remain viable. It’s become an integral …
Continue reading Social Security and the U.S. deficit: Separating fact from fiction
My Comments: Well, duh! This headline seems like a no-brainer to me. Social Security was created as a safety net program 80 plus years ago. This implies you MUST have additional funds so you can pay your bills. With 80 years of expectations now built into the system, it has become ‘normal’ to view it …
Continue reading 4 Reasons You Can’t Live on Social Security
My Comments: Retirement mistakes are rarely obvious until long after you make them. And then it’s almost always too late to find a remedy. Don’t let yourself fall for the argument that on it’s face says you get more money if you wait to claim your Social Security benefits. Regardless of when you start, you're …
Continue reading 3 Awful Reasons to Take Social Security at 70
My Comments: If you are not yet retired, which means different things to different people, chances are you’ll be eligible for Social Security benefits. Before your magic day of retirement arrives, you need to have a solid understanding of how the Social Security System works and what you can expect to receive. And also know …
Continue reading 7 Things Everyone Gets Wrong About Social Security
My Comments: As you approach your retirement and your 62nd birthday, this question becomes increasingly relevant. Retirement is that point in your life when you essentially quit working for money and instead money starts working for you. The challenge is to make sure it’s working hard enough to keep you from running out of money …
Continue reading 3 Things That Affect When You Should Apply for Social Security
My Comments: To all this, I will add another reason to take your benefits early. Reason #4: You are single and might not live very long. This applies to people who are single, likely to remain that way, and have a serious health issue. If there is reason to think you might not live into …
Continue reading 3 Reasons 62-Year-Olds Should Take Social Security Now
My Comments: I’ve never understood the fear that surfaces among some people when the term ‘socialism’ appears. What threat do they feel from this poorly understood word? Yes, I remember the McCarthy hearings and the red menace of Communism. It manifested itself in Russia and China, and was perceived as a global threat to capitalism. …
Continue reading The Forgotten Architect of the American Social Security System
My Comments: Facing retirement without enough money is a frightening prospect. And leaving money on the table that you can claim doesn’t make much sense. These words from Laurance Kotlikoff might apply to you if you’re between ages 64.9 and 68. by Laurence Kotlikoff \ October 15, 2018 Summary • The 2015 Social Security amendments …
Continue reading Millions Of Americans Are Leaving Social Security Spousal Benefits On The Table
My Comments: Social Security is a complicated issue for almost everyone in the retirement planning process. There are so many variables it’s hard to get your arms around what is in your best interest. Many people just say to hell with it and sign up at age 62. And that can be a huge mistake. …
Continue reading When to Take Social Security: The Complete Guide
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