just go to the Social Security Administration's website andcreate an account. From there, you can access your most recent earnings statement, which will not only include a summary of your wages, but contain an estimate of your retirement benefit based on your income history to date. ...
ask if it is necessary. Instead of giving them your Social Security number, you may be able to offer alternative forms of identification, such as a driver’s license or another form of ID.
clients. In many cases, properly planning retirement account withdrawals alongside Social Security benefits can lower the total tax burden. However, with the rules and information surrounding the timing of Social Security benefits and taxes, painting a clear picture of what to expect can be ...
the SSA will eventually discover the error and request that the money be repaid. “Next to the home, Social Security is typically a person’s largest asset headed into retirement, so it’s vitally important to make sure the math is correct,” said Paul Tyler, chief marketing officer...
Social Security Strategies: How to Optimize Retirement Benefits.The article reviews the book "Social Security Strategies: How to Optimize Retirement Benefits," by William Reichenstein and William Meyer.GREGORIOUProfessorGREGProfessorN.ProfessorJournal of Wealth Management...
If you're at the age to get Social Security retirement benefits, when do you need to apply? It can take up to three months for the Social Security Administration to process your application if you are at full retirement age and up to another month before
The Social Security trust fund for retirement and disability benefits is expected to be depleted around 2035 because the benefits being paid out are greater than the payroll taxes coming in. But Kotlikoff and Savage argue that clawing back money from the elderly and ...
If you owed taxes in previous years but didn't file tax returns, you can stop some penalties and interest by filing back taxes, even if you are unable to pay the balance you owe. Filing back taxes and paying the associated taxes can help you qualify for Social Security retirement and dis...
The amount of your Social Security benefit depends in part on when you start taking Social Security checks. You can take Social Security checks as early as age 62, but you will receive a reduced benefit. If you wait until your "full retirement age," you will receive your full benefit.3 ...
If you're approaching retirement, now's a good time to learn how to maximize your Social Security benefits. Some little-known strategies could boost your household’s benefits, whether you live alone or still have minor children at home. Here are six ways to get the most out of your retir...