Social Security in Four Parts

Image 2Part 4: Effective Claiming Strategies

Social Security benefits serve as a foundation that many Americans will rely heavily on in retirement. Program benefits provide one-third of total income for the elderly population and more than half of the income for a staggering 48% of those over age 65. Yet, despite this heavy reliance, 90% of Americans begin collecting Social Security benefits (at a steep reduction) before attaining their full retirement age. Early filing is linked to an increase in poverty and income inequality among the elderly, which in some cases may be remedied through more informed benefit-claiming decisions. Continue reading

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Social Security in four parts

Social Security ImagePart 2: Eligibility and benefits

In part two of our summary of the Social Security program, we’ll discuss the qualification requirements for retirement benefits, how they are calculated and adjusted, the point at which beneficiaries attain their full retirement age (FRA), and important rules for early or delayed filing. Our final segments will provide a summary of the types of benefits available, and some simple strategies that can help readers maximize their benefits. Continue reading

Highly Effective Social Security claiming strategies designed to maximize your benefits

Money imageSocial Security benefits provide the foundation that most Americans will rely on in retirement, and decisions related to the claiming of benefits can have a profound impact on retirement income and overall quality of life. Despite the heavy reliance on Social Security- it provides over 90% of the retirement income for one in three recipients-less than 5% of seniors avail themselves to strategies designed to maximize their benefits. Continue reading

Making the most of Social Security Retirement Benefits

Beach photoThe importance of Social Security cannot be overstated. The program provides approximately 60% of America’s seniors with half of their monthly retirement income, and for a third of recipients it comprises over 90% of their income. Despite this heavy reliance, less than 5% of seniors avail themselves to strategies designed to maximize their lifetime income and relieve the burden of poverty in old age.   Continue reading