I’m hearing more about telephone scams where the scammer is pretending to be a government employee. Scammers will try to scare and trick people into giving them their personal information and money. The scammers may threaten victims or their families and may demand immediate payment to avoid arrest or other legal action. What should I …
Search Results for: social security
6 Social Security Traps to Avoid
For some, Social Security benefits are only a small part of their retirement income plan. But even so, we all pay into the Social Security system and the benefits will continue as long we live, so it’s a valuable benefit we should not waste. With that in mind, let’s look at six traps to avoid: …
When should I take Social Security?
Data shows that a majority of Americans are losing thousands of dollars each year because they chose to start taking Social Security at the wrong time. One national study shows that retirees as a group will lose $3.4 trillion in income they could have received over their lifetime because they start taking Social Security the …
Should I take Social Security at age 62?
As a CERTIFIED FINANCIAL PLANNER™ professional, I will tell you that deciding whether to take Social Security benefits early is a big decision. It’s important to get professional advice to be sure you make the correct call for you and your family. Since I’m in the financial advice business, it’s not a big surprise that I see …
Why Open a ‘my Social Security’ Account?
If you’re thinking about retirement, you should check your Social Security benefits. One ingredient in every financial plan I do for clients is to run a Social Security maximization analysis to evaluate options. Making the correct choice can mean tens of thousands of dollars in additional benefits to my family. To begin this process, I …
Social Security Raise for 2018, Sort Of
One of the great things about the Social Security retirement benefit is that is pays you each month for as long as you live and it has a Cost of Living Adjustment each year to keep pace with living expenses. Recently announced changes to Social Security could mean an increase in retirement benefits for many …