Social

Tag Archives | social security

Safeguarding Your Data After Equifax Hack

The massive computer hack of Equifax, one of the three largest US credit reporting agencies, exposed the Social Security numbers, names, and contact information for up to 143 million of us. How should you respond? A lot of conflicting advice is floating around; here is what I am doing and what I would recommend:

Continue Reading 0

Budget Act Cuts Social Security Filing Options

Congress is about to curtail two little-known, but very useful, benefits of Social Security. These are the ability to file-and-suspend and to file a restricted application. When Paul Ryan proposed we extend the full retirement age for Social Security from age 67 to 69 over a 40-year time period, the media went ballistic. Senior citizen […]

Continue Reading

Uncle Sam Not Stealing Your Social Security

A reader recently forwarded me an email that began, “Who died before they collected Social Security?” It asked how many people only collected a small portion of what they paid into Social Security because they, or a spouse, died soon after retiring. Then it screamed in all caps, “Where Did That Money Go?” The rest […]

Continue Reading

More on Money and Marriage

To marry or not to marry? This isn’t a decision to make on financial grounds, but the choice certainly has financial consequences. My column a few weeks ago about laws that provide financial incentives not to marry drew a great many comments. The points several commenters made are included in this follow-up. The example I […]

Continue Reading

The Investment Value of Delaying Social Security

In a column last fall, I made the point that waiting till full retirement age or even longer to file for Social Security benefits can be a wise investment. Now financial writer Michael Kitces, in his “Nerd’s Eye View” newsletter, makes the same point with a detailed analysis. His article is well worth reading, especially […]

Continue Reading