How Social Security affects the spouseThe article presents a letter to the editor in response to the article "Retirement at 62: Is Receiving Social Security Early Worth It?" by Thomas M Dalton, in the June 2006 issue.Cas...
You’ll earn more per month if you wait until after your full retirement age to collect Social Security, but how much you’ll gain depends on how much your benefit will be at full retirement age. Do the math before making a decision about when to collect Social Security. What is the ma...
It's also important to note that if your spouse dies, you would file for survivor benefits, not spousal benefits. And if you were born before that 1954 cutoff date, you might have other strategies available to you as a spouse. The details You may know that your own Social Security benefi...
Budgeting for Social Security Or: When Are Savings Really Savings? Policy and budgetary debate about Social Security is greatly affected by understandings of how the program is financed and, therefore, what steps would make it more affordable in the future. Unfortunately, both the standard justifica...
it buys you some assurance that you'll come away with a decent lifetime payout from Social Security. Secondly, it could buy you the opportunity to do more things with your much younger spouse while you still have the energy for them -- for example, do that trek in the ...
Example:Fred and Nancy have an adult disabled child, Sarah. Nancy’s work record is insufficient to qualify for a Social Security retirement benefit of her own, because she has spent so much of her time caring for Sarah. Fred’s PIA is such that the family maximum is calculated as 180%...
Many people have become so used to the idea of a 401(k) plan (where your money belongs to you and grows to a large sum over time through investment compounding), that the idea behind the Social Security system becomes hard to swallow. Currently a worker pays 7.65% of his or her gross...
These are the carriers that typically offer the best service and the lowest rates. Maryalene LaPonsieDec. 13, 2024 How to Prevent Porch Pirate Thefts The holidays create a prime opportunity for package theft. Here are five ways to prevent it. ...
The inflow labor force does not have to bear high housing costs and can enjoy suboptimal social security levels and infrastructure conditions here. After the labor force flows into the surrounding areas, it further promotes the economic growth of the surrounding areas through the continued effects ...
Life insurance providesfinancial support to surviving dependentsor other beneficiaries after the death of an insured policyholder. Here are some examples of people who may need life insurance: Parents with minor children.If a parent dies, the loss of their income or caregiving skills could create fi...