Voluntary Suspension and Benefits

August 8th, 2020 (No Comments)

Ray started his Social Security benefit at age 62 thinking it was the right decision for his family.  He turns Full Retirement Age in September of 2020.  He started doing some projects from home that have generated additional income over the years, and he doesn’t need his Social Security income to maintain the quality of […]

Retroactive Benefits

August 7th, 2020 (No Comments)

According to the Social Security Administration’s Rules and Regulations, individuals who are full retirement age or older when they file for Social Security benefits, have the right to request a lump-sum payment for up to six months of retroactive benefits. This strategy, of course, will slightly reduce your benefit amount through life-expectancy, but is an […]

Widows and Widowers Beware

August 1st, 2020 (No Comments)

We have been writing these columns for 7 years and have written several articles about widows and widowers and the importance of knowing which benefit to take and when.  Well, now our warnings have been unveiled.  In an internal audit report released last week by the Office of the Inspector General of the Social Security […]

No Earning History

July 13th, 2020 (No Comments)

Many of the clients that we serve have only one breadwinner.  What does this mean?  It simply means that only one member of the couple has the necessary 40 quarters of earnings history to qualify for a Social Security benefit.  This is especially true for women as many of them were stay-at-home Moms and were […]

Life Changing Events

July 10th, 2020 (No Comments)

The impact of the coronavirus is being felt in all age groups across our nation, and each age group has its own set of complications.  For those nearing retirement age, we are seeing many people that were still working, instead of filing for unemployment benefits deciding to retire and enroll in Medicare.  In many cases […]

No Need to Panic

June 1st, 2020 (No Comments)

Social Security is available at age 62 for all those that have earned this benefit.  But, the age at which you claim can make a huge difference in your financial health during those remaining retirement years. Every situation is different – everyone has a unique earnings history, everyone needs or wants to retire for different […]

66 or Older?

January 23rd, 2020 (No Comments)

It is funny how this business goes – totally cyclical.  People think about their Social Security and retirement at weird times.  Since we handle clients all over the U.S. it has been interesting to watch.  Examples are after hurricanes we see clients come from the Florida and Georgia area.  Off football weekends in Mississippi, folks […]

Don’t Assume – Part 2

January 16th, 2020 (No Comments)

Funny thing happened about a month ago – one of our clients was going to file for her Social Security benefit and I told her to take her marriage certificate in case they asked for it – sometimes they do, sometimes they don’t.  Anyway, in the process of trying to locate this document, she found […]

Don’t Assume – Part 1

January 10th, 2020 (No Comments)

As a Social Security Advisor, you get tired of the word DEPENDS – that is because there are so many rules for this benefit that most of the time IT DEPENDS.  We thought the best way to dig into some of these rules was to give you a handful of the more common ones; hopefully […]

Confusion About Divorced Benefits

January 3rd, 2020 (No Comments)

If you were married 10 years or longer, are currently single, having been divorced for two years, were born on or before January 1, 1954 and have not filed for your Social Security benefit, this article is about you and for you. Divorced spouses, if they fall into the category above, have more claiming options […]

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