We would like to take a look at three of the most commonly asked questions regarding the Social Security program. How Much Will I Get? The way to find out this information is to sign up on the Social Security Administration website and view your personal statement so you can gain an understanding of approximately what you can expect to receive when you qualify for benefits. You can then use this projection to help you gauge exactly how much supplementation is going to be necessary. When Can I … [Read more...] about Answering Top Three Social Security Questions
Why should you plan ahead for retirement? After all, you are going to be receiving Social Security when you reach the age of eligibility. And, when it comes to health care expenses you have no worries because you will be eligible to participate in the Medicare program. While some people do embrace this point of view doing so can result in some rather negative consequences. The truth is that Social Security is not enough to live on comfortably in most cases. The actual average will … [Read more...] about Seniors Will Pay More for Medicare in 2013
People sometimes decide that they would like to continue working even after they reach the age of Social Security eligibility. Some simply enjoy their work and they see no real reason to step away. Others continue working out of financial need. If you do not want to be forced to work as a senior citizen you would do well to engage in some intelligent retirement planning. When you work up a cogent plan for the future with the assistance of a good South Carolina financial planning attorney you … [Read more...] about Is There a Penalty for Working While Receiving Social Security?
The Social Security rolls are swelling these days as the baby boomer generation reaches the age of eligibility. As more and more people start to receive their Social Security benefits the cost of administering the program is going to continue to rise as well. Providing income is not the only expense. At the present time 10% of people who are receiving Social Security are getting paper checks in the mail each month. Given the high volume of recipients overall the cost of sending out these checks … [Read more...] about Paper Check Option Being Eliminated by Social Security Administration
If you want to travel and enjoy your leisure time to the utmost you are probably going to have to plan ahead carefully so that you have resources to draw from beyond your Social Security benefit. If you get started early enough and stick to an intelligently conceived plan for an extended period of time you should be able to enjoy your golden years in comfort. It is however important to gain an understanding of what to expect from Social Security when you are making preparations for your senior … [Read more...] about Social Security Spousal Benefits
There are times when you come across a statistic that really turns your head around, and you can do a double take and question whether or not you actually read it right. One of these is circulating right now with regard to the rapid aging of the population. At the present time there are no less than 10,000 people applying for Social Security each day for the first time due to the fact that the baby boomer generation is reaching retirement age. This in itself is a rather eye-opening statistic, … [Read more...] about Retirement Planning: How To Get The Most Out Of Social Security
There are those who feel as though they have plenty of time to start planning for their retirement in the future. They're concerned with the present, and when you are young the matter of retirement can seem out of context. Though this line of thinking may be human nature to some extent it can leave you in a very difficult position when your retirement years do arrive. One of the big stories in the elder law community these days is the rapid expansion of the senior citizen population. There are … [Read more...] about Large Numbers Of Baby Boomers May Never Retire