Social Security’s Life Expectancy

“We often talk about life expectancy when we are discussing Social Security with clients, but we are usually referring to the client’s life expectancy, not the life expectancy of the Social Security program itself. Still, that’s the topic of this article on The Daily Signal. The article cites a 2013 study from The Heritage Foundation […]

Only Social Security

According to the United States Census Bureau, more than 1 in 3 American seniors (35%) aged 65 and up have no source of retirement income other than Social Security. The maximum benefit paid by Social Security to a worker retiring at “full retirement age” in 2014 is $2,642 per month or $31,704 per year. If […]

567 Ways to Claim Social Security

If you’ve searched the internet looking for information about Social Security retirement benefits, you’ve probably come across a website or two that claims there are “567 ways to claim Social Security benefits”. Is this true? Well, yes, it is true, sort of! In some cases, there are far fewer ways to claim your SS retirement […]

15 Facts about Social Security

It’s easy to take Social Security for granted when retirement is years away, but with 94% of the U.S. workforce covered by Social Security,* it’s likely that this program will play a role in your financial future, perhaps even sooner than you think. Here are some facts and statistics from the Social Security Administration that […]

Social Security Ages 62, 66, 70 – All Wrong!

The three most common Social Security ages to trigger benefits are ages 62, 66, and 70. Age 62 because it is the earliest age at which someone becomes eligible for SS benefits, age 66 because it is considered full retirement age for most people, and age 70 because it is the maximum age at which to […]

Have you considered a ToSSMAX™ analysis of your retirement income?

If you are serious about maximizing your retirement income without taking unnecessary risks, you need to consider a ToSSMAX™ analysis. When it comes time to look at the list of income sources available to you in retirement, chances are Social Security is going to be on that list. It might even be at the top […]

Are you getting the most out of your Social Security benefits?

If you are close to retirement, now is the time to take a good hard look at your Social Security benefits. Your goal should be to get the most you can out of the program over the course of your retirement years, while at the same time balancing the need for retirement income in the […]