Displaying 406 results
INmail: Don’t wait beyond 70 to claim Social Security
There is no value to delaying Social Security beyond age 70 since delayed retirement credits end then.
Retirement savings for the suddenly self-employed
Pandemic-induced gig work provides opportunities for tax savings
Social Security shortchanged some older workers, survivors
Two new audits reveal underpayments to certain groups of beneficiaries
INmail: Unusual rules regarding survivors benefits
Full retirement age for survivor benefits may be different than for retirement benefits depending on the birth year.
INmail: When to claim survivor benefits
Survivor benefits are worth the maximum amount if they are collected at full retirement age.
No escaping IRMAAs by switching to Medicare Advantage
High-income surcharges apply regardless of how clients receive Medicare coverage
INmail: The best month to start Social Security benefits
There is a different rule for people who claim Social Security benefits before full retirement age.
Collapse of three-legged stool threatens retirement security
The worsening outlook will likely trigger 401(k), Social Security reform
INmail: Social Security do-over options
Someone who has been collecting Social Security for more than a year can't stop her benefits now, but she might be able to in the future.
INmail: Birthdate foils ex-spouse’s Social Security claiming strategy
Only people born on or before Jan. 1, 1954, have the right to file a restricted claim for spousal benefits.
Addressing women’s longevity gap
Advisers can help couples prepare today for survivorship and health care costs
INmail: Divorce and Social Security offset rules
if you receive a pension from a government job, including public school teachers in about a dozen states, your Social Security benefits may be reduced.
Medicare 2021 open enrollment begins Oct. 15
Retirees may be able to save money by reviewing new options for Medicare Advantage and drug plans for next year
INmail: Increase in grandson’s dependent benefit should be automatic
The grandson is entitled to dependent benefits until he turns 18 or 19 if he is still in high school.
INmail: Step-up to larger spousal benefit is automatic
Although retirement benefits earn delayed credits for every year a worker postpones claiming them up until age 70, spousal benefits do not.
INmail: Claiming early nixes switching to spousal benefits
Unfortunately, clients can’t switch to a spousal benefit and allow their own retirement benefit to continue to grow until 70 for a few reasons.
Home office deduction limited to self-employed
Working from home during COVID-19 might not qualify for a tax break
Impact of raising the Social Security taxable wage base
Taxing more earnings would improve the finances of the Social Security trust fund; it might also boost benefits
Reframing Social Security claiming decisions
Focusing on benefit size rather than claiming age can improve outcomes
INmail: Navigating Social Security benefits and public employee offsets
Public employees in about a dozen states, as well as federal employees under the old Civil Service Retirement System, do not participate in Social Security and are not subject to payroll taxes.
