Social Security

Creative Social Security Claiming Strategies: Understanding the Nuances

With more people learning about file-and-suspend and claim-now-claim-more-later strategies, mistakes are being made – like trying to do certain things before full retirement age. Also, the Budget Act of 2015 changed some of the rules about who can do what and when. File-and-suspend One now-closed strategy is file-and-suspend, where the higher-earning spouse files for Social …

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6 Savvy Questions About Social Security

Social Security is more complicated than most people think. Here are six of the most common questions that come up on Social Security. With the baby boom generation entering retirement, there’s a lot of demand for good Social Security information. People are confused—both about how the system works, and how these inner workings affect their …

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The Cost-of-Living Adjustment and What It Means For You

Each year, the Social Security Administration (SSA) announces the cost-of-living adjustment for the next year. Whether you are retired or not, you should be aware of what the changes mean. Last October the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2020 will be 1.6%. The increase will show up in beneficiaries’ January …

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