Social Security

Here is what you need to know about Social Security and working: taxes, penalties, when to start benefits, and when to stop work.

Living on Social Security alone really is possible. Get the scoop on 11 ways to make it work for your situation. Read now!

Yes. You might pay taxes on Social Security. Learn what to expect (federal, state and work penalties) and explore ways to reduce the expense.

As you approach retirement, understanding spousal benefits can empower both you and your partner to make well-informed decisions.

The Social Security cost of living adjustment (COLA) for 2024 stands at 3.2%, much less than 2023. Is it enough?

Mary Beth Franklin is a nationally recognized expert in Social Security. Get her 6 insider tips for getting the most from Social Security.

What’s the highest Social Security benefit? Will you qualify? Get easy answers for a wealthier retirement.

Demographics and longevity are 2 factors causing financial woes for Social Security and Medicare. Learn if your benefits will be impacted.

There may be $100,000 reasons to delay the start of Social Security. It’s tempting to start early, but your paycheck increases if you wait.

Your benefits are determined by your Full Retirement Age (FRA), your benefit amount and FRA and the age when you decide to start benefits.

Yes, you can get Social Security retirement benefits and work at the same time.

The Social Security Administration has announced a big Social Security benefit increase for 2022. Beginning next January, Social Security paychecks will show a Cost of Living Adjustment (COLA) of 5.9%. This is a huge bump over the modest 1.3% increase that was awarded in 2021. In 2021, the average retired Social Security benefit was $1,565.…

Steve and Mike discuss Social Security planning, Roth conversions, and retirement account distributions.

Find out how to apply for Social Security. Applying for Social Security is very straightforward. The real trick is deciding when. Get the inside scoop!

Choosing the right Social Security strategies can be a $100,000 (or more) question. Find out how to make the most of this benefit with 16 easy tips.

  You are lucky if you have a pension. You are lucky if your pension gives you different pay out options, but the choice for what to do can be confusing. Pension leveling — also called Social Security leveling — is one payout option that can be confusing. What is Pension Leveling / Social Security…

Do Social Security benefits increase if you stop working? Or decrease?” Learn more and see what applies to your own situation.

To say that Social Security and Medicare are important to the financial well being of seniors would be an understatement. Sixty-two percent of eligible beneficiaries rely on Social Security income for more than half of their income. And almost everyone who is eligible uses Medicare to help fund their healthcare after 65. Here are the…

You need to make a lot of choices in retirement.  Many people tout the benefits of investing in real estate.  However, there is a less glamorous way to use your money for better returns.  Delay collecting Social Security and your finances will win big. Money Spent to Delay Social Security Beats Buying Real Estate There…

For many women, Social Security benefits are not nearly what they could be. Too many women are making a big mistake by claiming early. Why are women’s Social Security benefits typically lower than men’s? There are a few issues. Women tend to start Social Security earlier than men — lowering their monthly paycheck. The longer…

An important study from the Boston College Center for Retirement Research has found that husbands ignore (maybe overlook or under think) their wife’s retirement income needs when making decisions about when to start Social Security benefits. Widows (and widowers) are entitled to switch to Social Security Survivor benefits and receive their spouse’s full benefit amount…

Episode 10 of the Boldin podcast is an interview with Mary Beth Franklin.  Mary Beth is a nationally recognized expert in Social Security claiming strategies.  In fact, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Listen to find out why…

You have a lot of decisions to make about retirement. And, if you are married, you have nearly twice the number of choices – plus the complications of competing priorities and sometimes differing goals and expectations.Your Social Security decisions can profoundly impact your spouse today, tomorrow and long after you are gone.The good news is…

Social Security 2017: You might want to keep your eye on the money. While President Trump promised on the campaign trail that Social Security would not change if he achieved victory, many pundits are worried that this is one promise he will not be able to keep. Most experts have assumed that Social Security would…