Category: Social Security
Tom has health care issues and Louise can no longer care for him. Tom and Louise have been married for half a century and live in the same home they bought when first married. They are worried about possible nursing home costs and should be, according to the Pittsburgh Post-Gazette in “Married and concerned about […]
It can get tricky if you have an age gap or earnings gap. When a couple starts thinking about Social Security, they had best do some research because there are some costly mistakes that can be made, according to Considerable in “How couples can avoid a costly Social Security mistake“. Start by looking at the […]
A serious tone and strong script are working for scammers. The Federal Trade Commission warned late last year that scamming against the recipients of Social Security topped more than 35,000 complaints and now the AARP Bulletin reports in “How Social Security Scammers Tried to Swindle a Fraud Expert” that those calls continue to increase. The […]
Many retirees head for warmer climates and states friendly to retirees. New Mexico, Florida and Arizona are gaining retirees, while New Jersey, Maine and Connecticut are losing them, according to CNBC in “Retirees are flocking to these 3 states—and fleeing these 3 states in droves“. A survey was conducted recently by the moving company United […]
A widow may find they face a crushing load of decision making, as well as working through grief. Going from a team effort in life to being a widow throws real challenges to some women as they find themselves unprepared for the solo workload of finances as well as daily tasks, according to The New […]
So, you’ve reached your FRA. However, is this the right time to file or should you delay benefits? Social Security has more than 62 million people receiving benefits, making it one of the most popular social benefit programs in the country, according to The Crozet Gazette in “When Should I Start Taking My Social Security […]
If financially possible, one payment can bring you steady income until Social Security kicks in. Delaying Social Security is a good idea, if possible, because the longer you wait, the greater the benefits. However, what do you live on between retirement and beginning to receive your benefits? One way is looking carefully at the world […]
Changed jobs? Moved around? Don’t know where your accounts are located? There may be more retirement money out there for you if you have changed jobs during your lifetime and haven’t kept track of the accounts, according to the Albany Times Union in “Finding lost retirement benefits“. It may also be difficult to locate them […]
There are mistakes that can be avoided, and others may still be fixed. However, it is better to get it right the first time. You can spend a lot of time planning for retirement. However, you can still make mistakes and some are fixable and some are not, according to USA Today in “Social Security, […]
Titling assets through joint tenancy works well, until it doesn’t. Going without an estate plan and relying on titling assets through joint tenancy to a surviving spouse can be a workable plan but then again, it can become a nightmare, according to the Santa Cruz Sentinel in “After husband’s death, wife needs to create revocable […]
