Many people want to claim their Social Security benefit as soon as it becomes available. They have what I call “fear of loss” syndrome. This means that they believe that “if you don’t use it, you lose it.” A throwback from their days in corporate America where if they don’t ”spend” their budget they will lose it next year. Nothing could be further from the truth.
This video discusses 4 Great Reasons to Wait to File Social Security.
The BEST AGE to File for Social Security
This video discusses the things to think about when deciding on when to take social security. It compares breakeven analysis against real life situations where that might not be the best choice for someone who want to claim Social Security early or after Full Retirement Age.
What Would LeBron’s Monthly Social Security Check Be if The Earnings Cap Was Removed?
There are a lot of discussions about the best way to deal with the Social Security shortfall, currently projected to occur in the fourth quarter of 2032 for the Old-Age and Survivors Insurance (OASI) Trust Fund. At that time, if nothing is done, Social Security will have enough incoming revenue
How Is Medicare Funded? Who Pays for Part A and Part B?
Most people know Medicare comes out of their paycheck long before it ever pays a doctor’s bill. But how is Medicare funded, exactly, and does that answer change once you’re actually enrolled? It turns out Part A and Part B are paid for in two very different ways, and knowing
Spousal Benefits When Both Spouses Worked
If you’re asking how does Social Security spousal benefit work once both spouses have their own earnings record, here’s the short answer. Social Security pays your own retirement benefit first, then adds a spousal benefit if necessary to bring your total up to the amount you’re entitled to under a
One Response
What I do not understand is why do women have to wait to get their ex-husband’s social security. If I am understanding the Florida laws regarding social security. My ex-husband plans to file for social security at 62 in July of this year. So if I am understanding the laws I have to wait until I reach 62 or older to retire and then I can get half of my ex-social security, and he can get half of mine. This doesn’t make sense to me. I don’t understand why I can not get half of his when he retires so at least I can save up for my retirement. Then when I retire my ex can get half of mine.