Category Archives: Social Security

Bulk Up Your Sustainable Lifetime Income

Bulk Up Your Sustainable Lifetime Income

When you retire, how would you like to receive monthly income that provides the following eight advantages:? Lifetime payment Annual increase of 8% for each year that you wait to receive it up to 32% if you wait four years Potential annual cost of living adjustment (COLA) 15%, and possibly 50% or 100%, federal income tax…

Optimize Retirement Cash Flow, Not Social Security

Optimize Retirement Cash Flow, Not Social Security

Social Security is a beautiful thing. What other lifetime fixed income annuity allows you to choose a starting age anywhere between 62 and 70, increases your lifetime income by 6% per year for each year that you defer your start date between 62 and full retirement age, or FRA, (66 to 67 depending upon year…

Social Security Benefits Take Another Hit

Social Security Benefits Take Another Hit

The Bipartisan Budget Act of 2015 that was fast-tracked (think bullet train) and passed by Congress last week and signed by President Obama yesterday includes provisions that will permanently reduce Social Security benefits for millions of people. The bill comes on the heels of Social Security Administration’s October 15th announcement that there will be no…

Deferring Social Security Helps Pay Medicare Part B Premiums

Deferring Social Security Helps Pay Medicare Part B Premiums

One of the reasons that many people don’t defer the start date of their Social Security benefits beyond their full retirement age is the belief that their increased benefits will get eaten up by Medicare premium increases. This is not true.

3 Pitfalls of Social Security Optimizers

3 Pitfalls of Social Security Optimizers

Social Security is an important source, and in many households, the largest source, of income for retirees. You can start collecting benefits at any time between age 62 and 70. Since Social Security is an income annuity, the longer you wait, the greater your monthly income will be for the rest of your life. The…

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