Social Security Articles

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…

Almost half of all Millennials in the U.S. are living paycheck to paycheck, and if you’re one of them, retirement can seem too far off to think about. Even though you’re scrambling to pay your bills each month, you need to make saving for retirement a priority now because the longer you wait, the farther…

If you’re worried about outliving your nest egg, you might assume that you’ll be better off taking your Social Security benefits early so you can allow your investments to continue to grow untouched. Unfortunately, this plan does not take into account the issue of how taxes affect your Social Security benefits. In particular, taking early…

When the Social Security Administration first started paying out benefits in the 1940s, there was no provision in place for how to deal with inflation. Unfortunately, this meant that early beneficiaries saw the buying power of their benefits eroded as the years went by. This is why the Social Security Administration enacted the annual cost-of-living-adjustment…

Most Americans look forward to the day that they can start claiming Social Security Retirement Income. In fact, many aren’t just looking forward to it; they are depending on it! The Office of Retirement and Disability Policy recently reported that 62% of aged beneficiaries received at least half of their income from Social Security in…

Single retirees can sometimes feel left out of the Social Security conversation, since it seems to focus solely on how married couples can make the most of their benefits. But it’s a mistake to assume that there are no Social Security claiming strategies to maximize benefits for solo retirees. The fact of the matter is…