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Your Filing Age For Social Security Impacts Your Lifetime Benefits
getty There is a right and wrong age when it comes to filing for Social Security benefits. The key to determining the right age for...
/money, /retirement, Investing, money, Retirement, standardAge, annual earnings, Benefits, Filing, full retirement age, Government Pension, Impacts, Lifetime, Primary Insurance, retirement, Retirement Benefits, Security, social, social security, social security benefits, Taxable, Windfall Elimination Provisiongetty There is a right and wrong age when it comes to filing for Social Security benefits. The key to determining the right age for you is accurately analyzing your situation, understanding all your claiming options, and deciding which strategy is the best for you in relation to your overall financial planning. Never make this... -
Delay Social Security? Not Everyone Can Do it – Center for Retirement Research
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several...
Financial advisers often encourage older workers to delay signing up for their Social Security as long as possible to maximize their monthly income. But several of our blog’s readers point out, rightly, that this isn’t always possible for people in physically taxing jobs. Blue-collar workers are in a real Catch-22, caught between the unforgiving financial... -
Social Security Cuts Are In The News Again, But Still Wrong Way To Go
Social Security Benefit Cuts Are The Wrong Way To Go getty Social Security benefit cuts are gathering political attention again. Increases in the age for...
Social Security Benefit Cuts Are The Wrong Way To Go getty Social Security benefit cuts are gathering political attention again. Increases in the age for receiving full retirement benefits are a specific cut that a large number of members of Congress have proposed. Congress will indeed adjust Social Security’s finances in the coming years to... -
Why Raising Retirement Age For Social Security Means Cutting Benefits
UNITED STATES – MAY 01: Gray Panther activists demonstrating in front of White House against Social … [+] Security cuts. (Photo by Diana Walker/Getty Images)...
UNITED STATES – MAY 01: Gray Panther activists demonstrating in front of White House against Social … [+] Security cuts. (Photo by Diana Walker/Getty Images) Getty Images As politicians and partisans debate how to make sure Social Security — an historically amazing and important program for the aging — has a secure financial future, one... -
One money manager says there’s no question the retirement age will have to rise — 3 ways to stretch your savings should Social Security benefits fall short
‘Inevitable’: One money manager says there’s no question the retirement age will have to rise — 3 ways to stretch your savings should Social Security...
‘Inevitable’: One money manager says there’s no question the retirement age will have to rise — 3 ways to stretch your savings should Social Security benefits fall short The subjects of Social Security and its ultimate fate never quite leave public and political consciousness. Even in the run-up to the 2024 presidential election, President Joe... -
GOP Conservatives Defy Trump on Social Security. What’s Not to Like?
Yesterday, the conservative House Republican Study Committee released its latest budget plan. To the RSC’s credit – and, honestly, to my own surprise – the...
Yesterday, the conservative House Republican Study Committee released its latest budget plan. To the RSC’s credit – and, honestly, to my own surprise – the RSC took on the dangerous issue of reforming Social Security, standing up not only to Democrats looking to demagogue the issue but to former President Trump’s efforts to duck the... -
Will Social Security Run Out Of Money? If So, When?
Learn the facts about how Social Security is funded. getty If you keep an eye on the news, you might have read or heard scary...
Learn the facts about how Social Security is funded. getty If you keep an eye on the news, you might have read or heard scary headlines that the Social Security Trust Funds are projected to be exhausted in the year 2034, with the conclusion that Social Security will soon be bankrupt. While the first part...