Social Security benefits, claiming strategies, and spousal and survivor benefits, explained with the official rules and ages that set your check.
Social Security can be confusing, particularly when you have lost a loved one, and intend to claim benefits for widows based on their working record. Whether they passed recently, or years ago, you don’t have to navigate your finances and benefits alone. Our widow financial checklist provides a guide to walk you through what you […]
Social Security is already confusing. Navigating Social Security widows benefits after the death of a loved one can feel even more complicated. But you don’t have to navigate your finances and benefits alone. We break down everything you need to know about survivors benefits. Understanding how the Social Security Administration distributes benefits to families after the loss of […]
“When can I retire?” “When can I take Social Security?” Obviously, people want the option to retire as soon as they like, the earliest age generally being 62. But the decision to take Social Security retirement benefits can be complicated by your health, your marital status and your spouse’s Social Security plan. One of the key factors is the […]
Applying for Social Security retirement benefits might seem like a challenging process, but a little bit of preparation goes a long way. In fact, the Social Security Administration (SSA) office now allows applicants to apply online. If you’ve already decided you’re at the right age for retirement and you want to get the process started, the application […]
Knowing what you’re owed can help you to plan for retirement as well as maximize your own benefits. However, figuring out that number can be confusing. The average Social Security retirement benefit is $1,514 in 2020. But that number can vary greatly, going up to $3,790 per month. It largely depends on your personal lifetime earnings or […]
Since the rapid spread of the coronavirus around the world, many people are losing jobs and fearing for the economy. The Social Security Administration, though not created specifically to deal with pandemics, is a social safety net to help Americans (especially American workers) through times of crisis. But in order to keep the Social Security benefit funds […]
If you’ve lost a loved one, you may be entitled to Social Security widow benefits on their behalf. Six million family members receive survivor benefits as of 2020, and for many it’s a crucial income following the passing of a spouse or parent. The amount a widow or widower receives is variable and depends on the age […]
During the coronavirus lockdown, local Social Security offices have reduced hours and are only helping people with their most crucial issues. Generally speaking, getting a replacement card is not considered a crucial issue. So, if you have a lost Social Security card, it’s best to wait until the agency is up and running as usual to apply. The fact […]
Most people just get their Social Security numbers, memorize them (for all the times they’ll be asked) and go about their lives. It’s kind of like a driver’s license picture: it may not be your favorite, but it serves the purpose. But there are times when people need a new Social Security number. People fleeing […]
Back in 2002, the Social Security Administration noted that, unless there was significant reform, the Social Security system would become insolvent by around 2041. In order to make up the shortfall, the government would either need to cut Social Security benefits by more than 25% or increase Social Security payroll taxes to more than 18%. […]