Embracing Social Security Online

By |2021-07-19T10:44:43-04:00July 19th, 2021|Financial Planning, Retirement|

Customer service is mostly dead. It’s probably housed in the Smithsonian along with the T-Rex and TV rabbit ears. As technology has progressed and Millennials have come of age, we have been pushed, sometimes kicking and screaming, to conduct personal business online. The Social Security Administration is no exception. Call the SSA and you will hear, “Offices are open to [...]

The SECURE Act Retirement Plan Rules

By |2021-06-29T09:29:54-04:00June 29th, 2021|Financial Planning, Retirement|

Why make it simple when difficult will do. That seems to be the motto of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, even in its title. The SECURE Act has been the law of the land since January 1, 2020, and the 125 pages of reforms were, allegedly, supposed to make saving for retirement easier and more [...]

How the Social Security Earnings Test Can Work Against You

By |2021-06-07T11:42:09-04:00June 7th, 2021|Financial Planning, Retirement|

The checklist when preparing for retirement is a long one. But you need to be aware of one item in particular if you intended to start taking Social Security before your Full Retirement Age (FRA) and continue working—the Social Security Earnings Test. It can suck Social Security dollars out of the pockets of unsuspecting retirees. To paraphrase a familiar old [...]

Taking Medicare For A Test Drive

By |2021-06-02T08:24:57-04:00June 2nd, 2021|Financial Planning, Retirement|

If your childhood was like most, when you made mistakes or something went wrong, you really wanted a do-over—another shot at making the right decision? You’re not a kid anymore, but it’s nice to know there’s still an opportunity for a do-over—a Medicare test drive. When you’re eligible to sign up for Medicare, if you choose a Medicare Advantage plan, [...]

Intricacies of Social Security Survivor Benefits

By |2021-05-13T10:51:27-04:00May 13th, 2021|Financial Planning, Retirement|

One of the advantages of the Social Security system is the Survivor Benefit. Of the 65 million people receiving Social Security, approximately 6 million receive the Survivor Benefit because they are the widow, widower, surviving ex-spouse, minor children, or permanently disabled adult children of a deceased worker. The amount received is based on the deceased worker’s earnings history.   Switching [...]

Alhambra’s Social Security Guide

By |2021-05-10T09:49:03-04:00May 10th, 2021|Financial Planning, Retirement|

Since its beginning in 1935, Social Security has become synonymous with retirement income. But as with any government program, Social Security is a behemoth with a lengthy list of rules and hidden intricacies that can make a huge difference in the amount you receive. Collectively, Americans lose trillions of Social Security dollars because they don’t understand the system. It’s not [...]

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