Category Archives: Social Security

Social Security Q&A: Though I Can Afford To Delay To 70, Why Not File Right Now?

Laurence Kotlikoff

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.

Today’s Social Security question is about whether it’s really worth it to file later rather than sooner.

Question: I would like to begin Social Security benefits next year at my full retirement age of 66, but I want to continue working for my current company for one more year. Can I draw Social Security and still work? Or do I have to actually retire from my current company and work somewhere else? I read that you can work full time after your full retirement age.

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Article by Laurence Kotlikoff

How Healthy Is Social Security? Let Us Get Back to You…

social security card and money...

Missing the April 1 deadline has become an annual tradition. Is this year’s delay cause for particular worry?

Social Security faces some serious financial challenges and even as solutions have been hard to come by, the day of reckoning for the Social Security program gets closer every year. In order to gauge the current health of Social Security, the trustees of the program’s Trust Fund are required by law to issue an annual report on its financial status. For the seventh year in a row, however, the report is late, and there’s no way to tell when the 2015 Social Security Trustees Report might get released. The question many people have is whether you should worry about your Social Security benefits in light of the delay. Although there’s no reason to panic, let’s look more closely at this key report and its chronic tardiness.

Just How Late Is the Report?

The law that set up the Social Security Trust Fund establishes an April 1 due date for each year’s report on the health of the program. The report must include information on what happened to the Trust Fund over the course of the last year, as well as make projections on the operation and status of the Trust Fund in the coming five-year period.

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Shrinking Social Security advantage for couples

Social Security has more than its share of critics, but over the years it has managed, at least, to provide a special cushion for some women.

Because women in the past were less likely to work and tended to accumulate less in Social Security benefits, married women have disproportionately benefited from the spousal benefit, which entitles them to as much as half of their partner’s Social Security benefit. And because women tend to outlive men, they are more likely than their husbands to receive Social Security survivors benefits.

But that gender gap is closing, according to recently published research from the Center for Retirement Research at Boston College.
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9 Social Security Tips You Need To Know Right Now

Whether you’re ready to retire or simply planning for the future, here are the facts you really need to know about Social Security, and can’t afford to miss.

In a recent MassMutual survey, 1,513 participants took a True-or-False quiz on Social Security retirement benefits. Only one person answered all the questions in the quiz correctly. And nearly all of those who took the survey held at least one powerful misperception about Social Security. Misperceptions are costly—and could potentially cost you or a loved thousands of dollars. Don’t overlook these nine money-boosting facts:

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Social Security Q&A: What’s the Effect of Income after My Full Retirement Age?

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits.

Today’s Social Security question is about the earnings test and full retirement age.

Question: If I am at full retirement age and paid per diem and hourly wages, how does the per diem affect my Social Security?

Answer: There is no earnings test after you reach full retirement, so earning money by the hour or per diem has no effect on your benefits.

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