Archives

Death of Young Workers

September 12th, 2017 (No Comments)

This is a tough article to write, but needs to be addressed as it does happen.  What do you do if the main breadwinner in the family dies and leaves a widow and child or children behind, and this young person has not accrued the 40 required quarters of earnings to qualify for Social Security […]

GPO and Social Security

September 11th, 2017 (No Comments)

If your household receives or expects to receive a pension from a government job considered a non-covered employer (while working your employer did not withhold Social Security taxes) and Social Security benefits from other employment, you’d better learn about the Government Pension Offset (GPO)– because it may leave you with less income than you expected. […]

Are you Ready to File? Social Security Questions that Need Answers

September 10th, 2017 (No Comments)

1. If married, who should file first? 2. Should we both just wait until age 70 to file? 3. 30% (down from 45% because people are becoming informed) of the population take their benefits age 62 – why should I not follow suit? 4. Since Delayed Retirement Credits are 8% per year, should I wait […]

Earnings Test for Dual Income Families

September 9th, 2017 (No Comments)

Working later in life, has almost become the norm. People love their jobs, have good health, look forward to additional income and savings, and sometimes just need to stay busy. With that said, whatever your situation might be, taking the Social Security benefit while still working can create quite a challenge. The Earnings Test is […]

Sequencing Social Security Benefits

July 20th, 2017 (No Comments)

People that are considering retirement simply look at their Social Security statement for additional income at the age they want to retire. They have no idea how to sequence their benefits with their spouses for additional income stream or improved survivor benefit. This is the importance of looking at your benefits collectively. Of course, you […]

Earnings Test for Dual Income Families

July 12th, 2017 (No Comments)

Working later in life, has almost become the norm. People love their jobs, have good health, look forward to additional income and savings, and sometimes just need to stay busy. With that said, whatever your situation might be, taking the Social Security benefit while still working can create quite a challenge Call Pillars LLC at […]

What is FRA?

July 10th, 2017 (No Comments)

People are very confused about the term FRA or Full Retirement Age, so we will try and explain. There is not just one age which Social Security considers full retirement age, as it depends on when you were born. The reason for the term FRA is to define for you what age you are eligible […]

GOOD NEWS

July 7th, 2017 (No Comments)

As Roy and I were listening to one of our required webinars, we heard the GOOD NEWS – in the last three years, people filing for Social Security at age 62 has been reduced from 45% to 28%!! People are finally listening to our message. Okay, we understand that some people need to file at […]

Working During Retirement

July 5th, 2017 (No Comments)

Many of our clients after reviewing the actual costs associated with retirement, are opting to work part-time to supplement their income. Some also miss working and being around co-workers so head in this direction for social reasons. Social Security has changed over the decades. Folks use to decide when they wanted to retire, shook the […]

Claiming Strategies are the REAL DEAL

July 3rd, 2017 (No Comments)

Social Security laws changed on November 2, 2015 with the passage of the Bi-Partisan Budget Act. They will change again in 2020 when claiming strategies will no longer be available. There is an urgency to our message – the ability to improve your benefit amount and your survivor benefit will greatly be minimized. Those of […]