Most married couples are either unaware of the Survivor Benefit and how it works, or they simply do not realize its importance. As a result, many married couples make a Social Security claiming decision that minimizes the size of the Survivor Benefit. After one spouse passes away, the surviving spouse will receive only one Social [...]
Number 6 In The 10 Bizarre Things About Social Security Series... As of April 30, 2016, retirees are no longer able to use the Social Security strategy known as "File and Suspend." Retirees and financial planners had used this strategy to help maximize their Social Security benefits. While this strategy is unfortunately no longer available to [...]
Number 5 In The 10 Bizarre Things About Social Security Series...Now this is a little bizarre. If you increase your Social Security income, shouldn’t your taxes go up? Not necessarily...Not only could your taxes go down, but you may be able to eliminate them completely. This has to do with the special way Social Security income is [...]