Archives

66/70 Strategy – Sometimes it works, sometimes it doesn’t

November 13th, 2016 (No Comments)

Should you always wait until 70 to claim your Social Security benefit? The answer to that is a resounding NO. For those that fall into the age range of 62 (as of December 31, 2015) to 70, have other options available that can greatly improve your income stream: Hence, the 66/70 strategy. How do you […]

Social Security is More Complicated

October 21st, 2016 (1 Comment)

Since the Bi-Partisan Budget Act of 2015 changed the Social Security rules, you may have heard that Social Security planning is now less complicated. It is actually quite the opposite. The complexity of Social Security claiming hasn’t lessened at all; in fact it is more complicated to advise clients about their optimal strategies. Social Security […]

Recap of United States Senate Special Committee on Aging Meeting

September 23rd, 2016 (No Comments)

William Meyer, Founder and CEO of Social Security Solutions recently testified before this committee and we felt it worthy of summarizing for our readers. The purpose of the hearing was to examine the Government Accountability Office’s recent review of the extent to which Americans understand Social Security rules affecting their retirement benefits and the information […]

Shame on You

May 18th, 2016 (No Comments)

Life is a bucket of choices….some are easy, some not so much. But we all must make more seriously choices that will have a lifetime of consequences. Agreed? Well, that is what you are looking at when you make a decision on your Social Security benefit….basically a permanent decision. We are going to share with […]

Software and Social Security

May 15th, 2016 (No Comments)

Social Security is more complicated than before the passage of the Bi-Partisan Budget Act of 2015. We know, as this is what we do each day. There are not just three choices as stated on your Social Security statement, there are literally thousands of different options and ways to file for your benefit. Unfortunately, many […]

Voluntary Suspension of Benefits

May 13th, 2016 (No Comments)

There is quite a bit of confusion out there about what is still available to consumers wanting professional advice about how to improve their Social Security Benefits. What you read on the internet is confusing at best. This article will try and balance some of that confusion with fact vs. fiction. Yes, the claiming strategy […]

What Now?

May 3rd, 2016 (9 Comments)

The Claiming Strategy called File and Suspend is a thing of the past (deadline was April 30, 2016), but many Americans age 62 (by December 31, 2015) have a lot to cheer about. The “Restricted Application” for spousal benefits will continue for many years to come. What is a Restricted Application? It is a claiming […]

What Do You Really Know About Social Security Laws?

April 23rd, 2016 (No Comments)

Roy and I have found with talking to people each day, even the most basic knowledge about Social Security is not understood. With all the articles on the internet, some good and some bad, people are just confused and basically give up educating themselves. They drive to the Social Security office and just take what […]

Divorced and the New Laws

March 11th, 2016 (3 Comments)

Divorced spouses were not affected by the new File and Suspend Restrictions if they meet the age restrictions. Even if an ex-spouse files and suspends his/her benefit, it will not affect the option of the former spouse to collect benefits on his/her earning record   BUT, both spouse and ex-spouses who turn age 62 after January […]

Widows and Widowers Were Left Untouched

March 4th, 2016 (No Comments)

One of the redeeming factors of the new Bi-Partisan Budget Act of 2015 is that they did not restrict options for Widows and Widowers, or as some may refer to as Survivor Benefits. You still will be able to claim your own benefit first and switch to a widow(er)’s benefits later, or vice versa. Some […]