Social Security

Social Security Beneficiaries Will Receive a 2% Increase in 2018

Posted on: November 6th, 2017
In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will likely be largely eaten up by higher Medicare Part B premiums....

Four Social Security Myths Debunked

Posted on: June 5th, 2016
There are a lot of misconceptions surrounding the Social Security system. Here are four common myths and the truth about how Social Security works and its future prospects....

Last Chance to Use File and Suspend Strategy for Claiming Social Security Benefits

Posted on: March 1st, 2016
Time is running out to use a potentially very lucrative Social Security benefits-claiming strategy. Spouses will no longer be able to use the "file and suspend" strategy after April 29, 2016. Beware, however, that the new rules are causing confusion at some Social Security offices....

Changes to Social Security Claiming Strategies

Posted on: January 1st, 2016
The Bipartisan Budget Act of 2015 included a section titled "Closure of Unintended Loopholes" that ends two Social Security claiming strategies that have become increasingly popular over the last several years. These two strategies, known as "file and suspend" and "restricted application" for a spousal benefit, have often been used to optimize Social Security income for married couples....

New Federal Budget Ends Two Spousal Social Security Claiming Strategies

Posted on: December 2nd, 2015
The federal budget agreement that President Obama signed into law November 2, 2015, spells the end to two Social Security strategies that some spouses have used to maximize benefits....

Incentives to Keep Working While You Collect Social Security

Posted on: October 2nd, 2015
In general, it is better to wait as long as possible before taking Social Security benefits, but sometimes it is necessary to start taking benefits early. However, if you are able to continue working while receiving benefits, you may be able to increase your overall benefit. In addition, although your benefits may be reduced due to your work, you can recoup those lost benefits....
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