Social Security is a major component of retirement financial existence. Knowing these facts will help you make informed decisions that may affect your income for the rest of your life. FULL RETIREMENT AGE Full Retirement Age is when Social Security considers you eligible for full retirement benefits. Full Retirement Age used to be 65 for […]
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File and Suspend Social Security law has changed and the difference could mean tens of thousands of dollars for those turning 66 before May 1, 2016. Current Law-Right now one individual in a couple can file for benefits at Full Retirement Age. Filing makes their spouse eligible for spousal benefits. The primary wage earner could then […]
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Social Security Bulk Payment-Rule Change What does it mean to you? Social Security currently has a rule that if you file for benefits at your Full Retirement Age (FRA) and then suspend your payments you can request payment IN BULK for any months you missed. If for example at FRA you are to receive $2,000 […]
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The File and Suspend—Who is Eligible for Social Security File and Suspend? Josh Jalinski, the Financial Quarterback, WOR Radio NYC I had the pleasure of being interviewed by Josh Jalinski, the Financial Quarterback, on WOR Radio. Being on Josh’s show is always an adventure. He provides invaluable information in all areas of financial planning and he […]
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