Larry here, Born in 1948, I am the oldest of three children. Likewise, I drew my Social Security retirement benefit at the age of 70, having worked for over 35 years at the maximum social security wage. This year and every year since I began … Read more
At the age of 62, you can begin receiving Social Security benefits. Most people, however, should avoid doing so. For many retirees, waiting until they’re 70 years old may be the best option. Here are a few key reasons why delaying Social Security payments may … Read more
The primary insurance amount (PIA) of your Social Security retirement benefit is the amount you would receive if you were to wait until you reached full retirement age (FRA). According to Brian Schiess, a certified financial planner with Modera Wealth Management in Westwood, that age … Read more
This year’s Social Security benefits will be 5.9 percent higher than this year’s because of the largest cost-of-living adjustment in nearly four decades. The Social Security Administration has been forced to raise benefits for the elderly by an average of $100 a month due to … Read more
Up to $841 in social security benefits is expected to be distributed to eight million Americans today. Disabled children and adults, as well as seniors over the age of 65, are eligible for Supplemental Security Income (SSI). On the first of each month, recipients of … Read more
There has been a Social Security field office in every community since they opened their doors more than 80 years ago. Social Security’s more than 1,200 field offices, like our post offices and public libraries, provide us with essential services. Previously, they saw an average … Read more
It is unfortunately common in our society for scams to target Social Security recipients. When it comes to protecting your personal information and your hard-earned cash, financial advisor D. Paterson Cope recommends learning how to spot scams early on. Some of the most common warning … Read more
When it comes time to file their taxes, many Social Security recipients are unsure if their benefits are considered income. A person’s overall income is a factor in determining whether or not benefits are counted as income. In order to maintain a certain standard of … Read more
The monthly food assistance of only $19 is barely enough for a 74-year-old Florida woman living on social security to make ends meet. Elderly Mrs. Reynolds, who recently started working at the local Walmart as a part-time cashier, worries about being able to keep up … Read more
I’ve worked out exactly how much money I’ll need in retirement and how much of that will come from my retirement savings. While making plans, I didn’t include Social Security as a source of income. You may be surprised to learn why I didn’t include … Read more