For retirees who wait until after their full retirement age before filing for benefits, a little-known Social Security claiming strategy can potentially offer them a lump sum of up to six-months’ worth of retroactive benefits—which can be a boon for any retiree who might need a sudden injection of cash. Here’s what you need to…
Social Security Articles
10 Social Security Secrets You Need to Know for 2018
With so many changes happening to the tax code and how retirement benefits are treated, it can be easy to lose sight of the latest happening with Social Security. What new rules have been implemented? Are there important loopholes that might affect you? While the full impact of the new regulations remains to be seen,…
Why the Government May End Social Security Numbers (and How to Protect Yours)
How much do you think about the security of your Social Security number? All of your life, you’ve been told to keep it secret and safe. However, it’s often requested during life’s everyday moments, such as when you visit the doctor, open a bank account, or start a new job. Data Safety Is in Question…
Here’s How the Social Security’s Representative Payee Program Can Help Your Loved Ones
It’s common to associate Social Security benefits with our comfort and peace of mind in retirement, but there’s another little-known aspect to the program. The Social Security Representative Payee program is a useful tool for anyone who cares for a loved one who are unable to manage their own retirement, spousal, child, parent, or disability…
Gathering Your Documents to Start Preparing Your Taxes
Tax time is here once again. By now, you should have received all of your important tax documents that you will need in order to complete your taxes this year. But where do you start? How do you know what paperwork your accountant will need in order to complete your taxes? Of course, everyone’s tax…
What Your Employees Don’t Know About Social Security
In the past, an employer had a fairly simple job when it came to educating employees on retirement: most companies offered defined benefit pension plans, and education only had to cover the specific details of when employees were eligible for benefits and how much they could expect from those benefits These days, employers must offer…
What’s the Maximum Social Security Retirement Benefit for 2018?
It’s so early in 2018 that the Social Security website has yet to update many of its statistics, but there is good news for those collecting Social Security benefits. The maximum benefit increased slightly this year from $2,687 to $2,788 for those collecting at full retirement age. This maximum benefit is includes all types of…
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