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Social Security benefits while married

The Social Security decision you might regret if you’re married Social Security can be a tricky situation because there are many factors that go into Social Security that can’t necessarily be determined such as how long you will live and how long your spouse will live. Social Security gives you many options on the age that you can decide on claiming your benefits, but it can also affect the...

What you may not know about retirement

More than half of retirement savers don’t know this Retirement Planning can be a stressful time. A recent survey showed that more than half of the people between ages 45 and older were not sure how to invest their money in retirement and did not know how their assets were allocated. A little less than half of the people surveyed were concerned about outliving their assets. It is important while...

The sooner your documents are in the earlier your return will be complete!

2020 Social Security Changes

Those receiving social security benefits are to see a 1.6% increase in their benefits for 2020. This is due to a cost of living adjustment by the Social Security Administration. This increase in the monthly payout will be around $24 for the average retired worker and about $20 for the average disabled worker. In order to get the 100% of their retired monthly benefit, worker’s born in 1958 will...

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Social Security perk to reduce after 2020

If you withdraw at age 62, your Social Security monthly benefit is permanently reduced. If you wait until after full retirement age to retire, you earn delayed retirement credits that can increase the size of your monthly check from Social Security by two-thirds of a percent each month. This has been in place for years, but 2020 is the last year to get the highest benefit of the retirement...