My Comments: For millions of us, a predictable monthly income from Social Security has become critical for sustaining our standard of living. For many reasons, we should be increasingly worried about it. But that story is for another day. Right now, I’m sharing with you what I hope is a simple overview if you have …
Category: Social Security
Finding the Best Social Security Claiming Strategy – 3 Questions
My Comments: As you’ve heard me say many times, Social Security benefits have become an absolutely critical piece of the retirement income puzzle for most of us. If it’s not there to pay critical monthly bills, it’s there to allow us freedom of movement as we transition from the retirement go-go years to the slow-go …
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10 Social Security Terms To Know And Understand
My Comments: Happy Thanksgiving everyone! For those of you still not signed up and receiving monthly benefits, here’s some useful things to know. For those of you who attended my Social Security workshops, you’ll recall the acronyms that appear on every page. There's even a couple more here for you to learn. Maurie Backman - …
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How to Get Medicaid for Nursing Home Care Without Going Broke
My Comments: Politicians apparently have no earthly idea what getting old does to your finances. Of the 50 state Medicaid directors, red states and blue states, all 50 came out in opposition to the most recent attempt by Congress to repeal the ACA or ObamaCare. None of us are willing to allow the elderly to …
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A Majority of Working Americans Are Completely Wrong About Social Security
My Comments: The first monthly Social Security income benefit ever paid was to Ida May Fuller on January 30, 1940. Today, some 77 years later, it is a critical income source for millions of Americans. This article by Sean Williams confirms the role Social Security plays in the lives of millions of Americans, and I’m …
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Surprise! The Republicans’ Congressional Budget Resolution Would Trigger Social Security Reforms
My Comments: In light of what happened in Las Vegas and the death of Tom Petty, my comments here are woefully inadequate. But with many millions of us still trying to function on this planet, sooner or later our thoughts will return to Social Security. While the above referenced Budget Resolution may have changed somewhat, …
Are You Ready to Take Social Security Benefits?
My Comments: Today is Tuesday so today I talk about Social Security. These comments by Dan Caplinger may be old news, but for those of you just starting to think about retirement, know that Social Security is a fundamental income component for millions of people. Chances are, you'll be in that group. The sooner you …
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Will This Happen to Social Security?
Tuesday = Social Security comments Concern about the continued viability of our Social Security system if very justified and real. The solutions to the problem are reltively simple and if started soon, will be absorbed by the economy with relative ease. But Capitol Hill is the wildcard here. The crisis is far from dramatic. Yet. …
Retiring Early? Here’s How to Delay Taking Social Security Anyway
My Comments: I’ve you’ve not yet signed up to receive your monthly Social Security benefit, this is worth a read. I encourage everyone to try and wait until Full Retirement Age (FRA). The outcomes are likely to be much better. If you claim Social Security early, your checks will be permanently reduced. Consider looking for …
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Do Social Security Payroll Taxes Need to Increase?
My Comments: If you have not already signed up for Social Security, chances are good you will draw the short straw. If you are now getting monthly benefits, chances are you have a longer straw. Me, I have no idea. What we do know is that sooner or later the crisis will become immediate and …
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