Social Security Law
9 Important Deadlines to Maximize Your Retirement Benefits
Ready for the inside scoop? Here are a few essential deadlines that will help you maximize your ability to save on taxes, avoid government penalties and capitalize on fees while you’re on your way to retirement. Age 50If you’re retired police, medic, and/or firefighter, you can take penalty-free distributions from your plan at age 50,…
Read MoreOne Benefit of a Divorce: Social Security
Well into the retirement age? Have had a divorce? You should be enjoying your freedom without financial anxiety. Did you know that you could benefit from a divorcee spousal benefit from your ex’s work record even years after a divorce has been filed? This could be the answer to alleviate your worries. Here’s how to…
Read MoreClueless When it Comes to Benefits? You’re Not Alone
Many people are impulsive and don’t see the benefit of waiting to claim Social Security benefits. Here’s the thing: you can’t afford to make the wrong decision. If you really have no choice, and are struggling for income, then do what you must and file a claim earlier. But if you’re financially okay, think about investment…
Read MoreAvoid These Mistakes! Don’t Risk Your Financial Future
PBS’s Larry Kotlikoff recently gave advice to a man named John about his Social Security benefits. John had called Kotlikoff asking if Social Security had given him the right advice, and upon checking it out, Kotlikoff concluded that Social Security had not only given him the wrong advice but had given him the worst possible advice.…
Read MoreDon’t Let Your Social Security Number Get in the Wrong Hands
Every guy wants the most beautiful girl in the room’s number. In the same way, thieves want your Social Security number. Even though men might ask, most women don’t feel obligated to give out their phone number to a stranger, and you shouldn’t feel obligated to give out your Social Security number to everyone who…
Read MoreSocial Security Disability Claims Rising Means We’re All in Trouble
The Congressional Budget Office says we’re in trouble: Social Security is becoming as dependable as Velcro holding up the Empire State Building. Social Security spending is going to double over the next decade with social security disability appeals rising sky high. Planning to retire? Looks like you’re screwed and unglued. Unless the federal government gets the situation…
Read MoreWhat Will Change in 2015 for Social Security?
The year 2015 will see some positive changes in Social Security. Beneficiaries of the program will receive a 1.7% increase in payments, and some workers will receive statements of benefits in the mail showing their future retirement benefit. The 1.7% cost of living increase will amount to about $22 more per month for a typical retiree.…
Read MoreHow to Better Understand Your Benefits Statement
Social Security will begin sending out written statements this year to beneficiaries. These statements have always been available on-line, but the mail outs were ceased a few years back as a cost savings idea. Now, many will receive their statements in the mail, and many may not fully understand what they have coming in the…
Read MoreSuffered a Back Injury? Get Your Disability Benefits!
Getting approved for Social Security benefits due to back pain is becoming more and more difficult. The pain or injury may be debilitating and may keep you from leading a normal life or working, but the term “pain” is subjective and is difficult to measure. Oftentimes, the pain or limitation experienced by the claimant is…
Read MoreDisability Law Says Addicts Should Receive Benefits
This is a serious debate here, but should an employer be required by law to give a handout to recovering drug addicts? Disability attorneys were hoping to expand the Americans with Disabilities Act protections for employees in recovery. The terms stated that employers must provide long-term disability benefits to workers at risk of relapse. Of course, employers…
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