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What is File and Suspend?

File and suspend is a Social Security strategy that was added in 2000 as part of the Senior Citizens Freedom to Work Act to help couples plan their retirements. It is sometimes referred to as “voluntary suspension’” or “claim and suspend”. File and suspend is a Social Security option that many married couples will find valuable. It  Click to Continue

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Social Security Options for Women

Options. Don’t you love options? Women, it appears that we have Social Security options to consider when it comes to claiming retirement benefits. Which option we choose can really make a difference in our benefits. Are you doing your homework? Here are some places to start: Social Security Officials AARP SSA.gov Financial Advisor Local Library  Click to Continue

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Social Security Snafus

Attention all Baby Boomers who plan to defer benefits! Larry Kotlikoff and Phil Moeller, authors of, “Get What’s Yours: The Secrets to Maxing Out Your Social Security” are big supporters in delaying benefits where possible and through their readers have discovered some Social Security snafus. It seems that the Social Security Administration (SSA) is denying  Click to Continue

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Study Reports Social Security’s Sad Shape

That Social security is in lousy shape, not a surprise. That its trust funds will be depleted by 2033, not optimistic. That new studies find that SSA’s forecasts have been consistently overstating the financial health of the program’s funds since 2000, well, that catches my attention. These Harvard and Dartmouth studies reveal that “these biases  Click to Continue

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Social Security ‘Do-Over” Option

Many of my contemporaries are turning 62 this year and not surprisingly some filed straightaway for Social Security benefits. Their reasons varied. One felt like there would soon be no money to collect, so she should take it while the taking is good. Another very well-to-do friend, who will not have to worry about retirement  Click to Continue

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How to Collect Social Security Benefits from Your Ex

Whatever happened to til death do we part? Statistics from the National Center for Family and Marriage Research show that despite the overall divorce rate in the U.S. dropping over the last 20 years, the divorce rate among Baby Boomers has doubled. Couples going through the tough and emotional process of divorce should be smart  Click to Continue

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Five Retirement Fears Dispelled

Baby Boomers, your retirement ain’t gonna be like your daddy or momma’s retirement! Wouldn’t my dear 5th grade teacher Momma, abhor hearing that… the word “ain’t”, that is. Baby Boomers are pioneering into a different kind of retirement psychology. Our retirement will look and feel different from that of our parents. It probably won’t be  Click to Continue

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Social Security Tips for Single Boomers

This is for my 67 year old brother-in-law. He is nearing retirement, has Social Security questions and confessed to me that he’s been reading Social Security information that he realizes is designed specifically for couples. He is single, never been married and has been working since college, which would be about 44 years. When should  Click to Continue

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