Category - Social Security

Results from my 2019 Social Security Survey are in. Some interesting information to be learned about attitudes toward filing strategies.

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Much has been advertised about Social Security benefits changing in 2021 – but really, it’s all old news. The “changes” have been in place since 1983.

The post Are Social Security Benefits Changing in 2021? appeared first on Getting Your Financial Ducks In A Row.

Could your grandchild be eligible for Social Security benefits? Depends on whether you’re providing support, and why the parents are not in the picture.

The post Can A Grandchild Get Social Security Benefits? appeared first on Getting Your Financial Ducks In A Row.

Social Security is arguably one of the most important cash flows for individuals in retirement. Many individuals have paid into the system for years, and in turn will be eligible for reduced benefits as early as age 62, or at their full retirement age (between ages 66 and 67). The decision on when to start collecting benefits is important and can impact your retirement cash flows for your remaining retirement. This decision should not be taken lightly, and it should not be left to informal conversations with friends, coworkers, etc. In other words, don’t base your decision to take benefits based on what your friends have done. Your situation is different. And in most cases, your decision is final. There are several strategies that may be employed when collecting benefits. Such strategies include taking benefits early at a reduced amount, delaying benefits for a higher amount, spousal retiree benefits, and […]

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