Social Security Benefits

A Smart – And Little-Known – Spousal Social Security Strategy

When it comes to Social Security benefits, the author of today’s article points out an unfortunate reality: “Many retirees are depending on their benefits for a substantial source of income, yet they don’t fully understand how to maximize those monthly checks.” She proceeds to outline a little-known Social Security strategy for couples that, while perhaps not a pleasant one to… 

Is It Time To Rethink The Calculus On When To Collect Social Security?

When Social Security’s trustees issued their annual report on the program earlier this year, it forecast that costs will exceed income next year for the first time since 1982 and that, if no action is taken, the program will run out of money by 2035. Given this, is it time to rethink the common financial wisdom that says it’s best… 

A High-Yield, Lower-Risk Solution To The Low Rate Retirement Income Challenge

If Social Security benefits replace approximately 40% of your pre-retirement income, where do you find the other 60% –and, of particular relevance today, where do you find the other 60% when interest rates are near historic lows? Today’s article outlines one “simple solution” to this challenge, noting that “It can be more volatile than a savings account. And it can… 

Social Security Negligence: What Information Is Not Being Adequately Communicated To Claimants?

Today’s article notes that, in 2013, Social Security benefits made up 52% of household income for those aged 65 and over, and at least 90% of household income for almost a quarter of older retirees. These statistics make the findings of a new study by the Government Accountability Office all the more concerning: The GAO has determined that “Americans getting… 

Is Your Retirement Calculator Faulty?

“Many people use retirement calculators to estimate whether they’re on track, but even the best calculator is subject to the universal rule of computer programs – garbage in, garbage out.” Today’s article outlines several common mistakes people make when assessing their financial preparedness for retirement that might produce a deceptively rosy picture of how on-track they are. By how much…