Don’t Make This Costly Mistake When Claiming Social Security Spousal Benefits

Social Security benefits are typically earned through work and tax contributions. However, it is also possible to receive these benefits without ever working a day in your life. By being married to someone eligible for Social Security or being divorced from someone entitled to benefits, individuals may have access to spousal benefits. These benefits can amount to up to 50% of the benefits received by their current or former spouse. Understanding the rules surrounding spousal …

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Thinking of Retiring? Think Again, How to Keep Earning and Living Your Best Life

The concept of retirement has evolved over the years. For many, the traditional notion of bidding farewell to the workforce at a fixed age is no longer the only path to financial security and personal fulfillment. In today’s dynamic world, some individuals are contemplating the idea of never retiring, choosing instead to continue working beyond the typical retirement age. This shift in perspective is driven by various factors, including financial considerations, the desire for ongoing …

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Smart Tax Planning: Top 5 Tips for Retirees

Smart Tax Planning: Top 5 Tips for Retirees is a comprehensive guide on effective tax strategies for retirees. The blog post covers understanding taxation on retirement income, tax-efficient withdrawal strategies, the use of deductions and credits, as well as estate planning.

How To Get Money From The Government In Retirement 

As you approach retirement age, it’s natural to start thinking about how you’ll be able to maintain your lifestyle without a regular income from work. Fortunately, there are several ways to get free money or assistance from the government in retirement. Taking advantage of the programs available to you can help ensure that you have the financial resources you need to enjoy a comfortable and secure retirement.

Ten Things Every American Should Know About Social Security

In the United States, Social Security refers to the OASDI program known as the Old Age, Survivors, and Disability Insurance and is operated by the Social Security Administration (SSA), a federal agency in the United States. Besides providing retirement benefits, it also provides survivor benefits and income for disabled workers.

What Happens When Social Security Runs Out

If you anticipate retiring after 2034, the present forecast for your future Social Security payments may not be accurate. When this occurs, the government fund that pays out the monthly cheques may not have enough money to pay out in full.