Click on the title and get your copy today!Social Security: Maximize Your Benefits (2nd Edition) Recent Posts The 2020 Social Security Benefit Increase will be 1.6 Percent Do You Have to Pay Taxes on Your Social Security Benefits? Avoiding Identity Theft and Protecting Your Social Security Number...
“Social Security benefits are calculated from the 35 years of work in which your salary was at its highest,” says Mark Bodnar, CFP, wealth advisor at Octavia Wealth Advisors in Cincinnati. “This is important to consider, because if you have not worked for 35 years, zeros will be factore...
Get all the Social Security income you're entitled to. A Registered Social Security Analyst can help with Social Security Literacy and Wellness Maximize your Social Security benefits today.
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...
Social Security benefits, such as www.aaarp.org/socialsecuritybenefits from the American Association of Retired Persons (AARP), MaximizeMySocialSecurity.com by web developer Laurence Kotlikoff, and SocialSecurityChoices.com by Russell Settle.Wall Street Journal - Eastern Edition...
If you want to maximize your Social Security benefits, hold off collecting Social Security until age 70. Waiting will boost your Social Security retirement check to the maximum amount. There's no incentive to wait past age 70.13 “The general rule is that you should wait until 70 to claim ...
Know your full retirement age, coordinate the timing of benefit claims with your spouse, and weigh the advantages of delaying your Social Security benefits.
DELAY CLAIMING TO MAXIMIZE BENEFITS You can significantly increase your Social Security benefits by delaying your claims. Starting your benefits at the earliest age of 62 will give you immediate income but reduce the total monthly amount you could receive. Each year you delay your benefits beyond...
There are several strategies to “maximize benefits”, especially for married couples. One of the primary methods is the “file and suspend” method. In this scenario, the main earner files for benefits, and the spouse files for spousal benefits on his record. He then suspends his benefits an...
. This move alone has the potential to increase the total payout a surviving spouse could receive by $46,000. Other smart claiming strategies have the potential toboost a spouse's lifetime payout by $90,000. These examples show that making smart choices about Social Security benefits has a...