My Comments: It’s hard for me to understand why this should be a difficult calculation. Until I realize that there are lots of variables in how social security benefits are payable, and the best solution is often a function of how long you live, and whether you and your spouse, assuming you have one, stay …
Continue reading When to Begin Social Security? Even Advisors Aren’t Sure
My Comments: Amid the budget crisis that seems to consume Washington and the national press are issues about social security that never seem to go away. This is spite of the fact that we are among the wealthiest nations on the planet and that it was deemed some 80 years ago that we could afford …
My Thoughts on This: This is an issue that is increasingly complicated. In the "old" days, you simply reached a certain age, signed up, and began to get a check. The size of the check was a function of how much you had contributed over the years. Then there was the possibility of starting before …
My Comments: Social Security has become part of the fabric of American society and fundamental when it comes to economic survival by those of us whose age qualifies us for benefits. At least for most of us in the 99% who don’t comprise the top 1%. It’s going to change over time, just as it …
Continue reading Reasons to Check Your Social Security Account
My Comments: My wife and I are proud recipients of a Social Security check every month. If that makes us "socialists" and you have a problem with that, I couldn’t care less. Demographics are going to cause adjustments in the payout to recipients, the level of contributions from working citizens, and when you can start, …
My Comments: Social Security can be a hot button issue from time to time. Proponents of small government decry the socialist trends foisted on this country by Democrats over the years. And while I've been a Democrat all my life, and a proud recipient of checks from the SSA for about six years now, I've …
Continue reading Ignore The Deficit Hawks: Social Security Is Easy To Fix
My Comments: I ran across this article a few weeks ago. With the headline recently that Governor Scott was not going to comply with the directives toward the states and Medicaid, I thought it might be helpful to have a better understanding of the implications. The idea presented below is not a full answer, but …
Continue reading The Medicaid Problem Grows and a (Partial) Solution Emerges
I've tried to find the author of this but the source article does not have a name. Many of you are rightly concerned about the future of the social security system. It will not be allowed to collapse; there are more and more of us who depend on the monthly benefits who vote in elections …
My Comments: As an investment advisor and financial planner, I’m very aware of the role played by Social Security payments in my clients financial lives as they approach or subsist in retirement. Indeed, some of them are unable to retire as they thought they might, and some applied to the Social Security safety net before …
Instead of working longer or retiring on time with less money than anticipated, there may be a third alternative that financial advisors can show their clients that may give them the best of both worlds. An alternative may be to continue working full or part time and use money that had been going into savings …
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