Posts Tagged ‘Social Security Benefits’
Disability Benefits for Mental Illnesses
Commonly, social security disability benefits are associated to those suffering from a debilitating injury. But did you know that if you suffer from a mental illness, you might be eligible for disability benefits as well? The Social Security Administration evaluates mental disorders according to several predetermined categories. If you exhibit symptoms of one of the…
Read MoreTop 10 Locations To Retire on Only Your Social Security Benefits
A third of retirees count on their Social Security check as their primary source of income, which isn’t a substantial amount. In fact, the average Social Security check was $1,241 in January 2016. Of course, ever year this number adjusts to accommodate inflation, but it’s still not a robust sum of money. Living costs are…
Read MoreWill Obama Make Illegal Immigrants Eligible For Social Security Benefits?
Currently illegal immigrants aren’t eligible for federal benefits because, well, they are violating federal law. Despite their unlawful status they may be provided rewarded with benefits like Social Security Benefits. President Obama is using Solicitor General Donald Verrilli to convey this message to the Supreme Court. Verilli labels the action President Obama is taking as “prosecutorial…
Read MoreComplete Guide to Inheritance & Social Security Benefits
The world of social security benefits can be bewildering. There are multiple programs, with multiple acronyms. Even with the recent efforts by the Social Security Administration (SSA) to provide more accessible information, the layman can start to feel like a rat trapped in a maze. The following are some basics on social security benefits and…
Read MoreNew Social Security Rules You Can Benefit From
There were a couple of loopholes to get pay raises through social security; however, that will all change May 1st. On Nov. 2, 2015 the Bipartisan Budget Act was signed which suspended the File and Suspend and Restricted Application for anyone between 62 and 66. The extra benefits are over for those who knew how to take advantage of…
Read More9 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 MoreWorking During Retirement Could Lead to Social Security Withholding
If you’re retired and still working you better watch your back. Don’t think everything is fine and dandy with you receiving Social Security benefits and a healthy paycheck. If this statement appeals to you, then part or all of your social security benefits could be temporary withheld. You can fully retire when you’re 66. But…
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