Social Security Sense

Social Security Sense provides practical knowledge on the Social Security claiming options and rules you must know before you file to begin benefits. This is a book that everyone age 55 or older should read before they begin their benefits - and it covers all the new rules that became law on Nov. 2, 2015.The rules are complex and you may get less income if you aren't aware of your choices. With Social Security Sense you'll see easy-to-follow examples that show you how doing things one way vs. another can lead to more money for you. You'll learn how to value your benefits and how to compare claiming choices in a fair and mathematically correct way. With a clear easy-to-understand outline of the rules, as well as pages of examples and references to online resources, you'll be ready to make the best decision possible for you and your family.Shows you how to value your benefitsExplains how inflation adjustments are applied to your future incomeCovers special rules that apply if you were born on or before 1/1/1954Provides comprehensive information for marrieds, divorcees, singles and widow/widowersIllustrates choices with over 15 tables showing many real-life examples

The average person living 25 years or more is likely to receive $500,000 or more in total Social Security benefits. That's not small change. The decisions you make about these benefits are often irrevocable - and when and how you collect these benefits can increase, or decrease, the amount you get over your lifetime. Social Security Sense provides practical how-to knowledge to help you navigate through the numerous rules, and make the best claiming choices for you and your family. In this book nationally known retirement expert Dana Anspach explains the Social Security claiming rules, including the changes that were signed into law in November 2015, and shows you numerous real-life examples as to how your decisions affect your lifetime income. This book: Covers all the major aspects of Social Security claiming including the earnings limit, spousal benefits, ex-spousal benefits, taxation, survivor options, the benefit calculation formula, and more. Explains the new rules that were signed into law in November 2015, and provides examples of how that affects your options based on your month and year of birth. Provides concrete examples of how much you may get using one claiming age vs. another. Helps couples use their benefits to get the largest amount of survivor income possible. Shows you the common mistakes people make when doing their own benefit calculations and how those mistakes can lead you to making a less optimal decision. Social Security Sense is a book everyone age 55 or older should read before they begin their benefits. It will be a resource you turn to as you navigate your way through the claiming process, and it will enable you to feel confident in the decisions you make - and know they were made in a way that can lead to a more certain outcome in retirement."

The Social Security Act of 1935 must be counted among the most monumental pieces of legislation ever passed by Congress. Today, sixty-five years after its enactment, public support for Social Security remains extremely strong. At the same time, there have been reports that Social Security is in grave danger of financial collapse, and numerous groups across the political spectrum have agitated for its reform. The president has put forward proposals to rescue Social Security, conservatives argue for its privatization, and liberals advocate increases in its funding from surplus tax revenues. But what is the average person to make of all this? How many Americans know where the money for Social Security benefits really comes from, or who wins and loses from the system's overall operations? Few people understand the current Social Security system in even its broadest outlines. And yet Social Security reform is ranked among the most important social issues of our time. With Making Sense of Social Security Reform, Daniel Shaviro makes an important contribution to the public understanding of the issues involved in reforming Social Security. His book clearly and straightforwardly describes the current system and the pressures that have been brought to bear upon it, before dissecting and evaluating the various reform proposals. Accessible to anyone who has an interest in the issue, Shaviro's new work is unique in offering a balanced, nonpartisan account.

Find all of the following, explained in plain-English: How your Social Security retirement benefits, spousal benefits, and widow/widower benefits are calculated How your benefits are affected if you have a government pension or if you continue working while claiming Social Security How to decide when is the best age for you (and your spouse, if you're married) to claim Social Security in order to get the most out of your benefits Whether or not it makes sense to take Social Security early in order to invest the money How to check your earnings record on the Social Security Administration's website to make sure you're getting the full benefit you deserve How Social Security benefits are taxed and how this affects retirement tax planning Please note that this book does not cover Social Security disability benefits or Supplemental Security Income (SSI).

This provocative short book is a valuable introduction to social security in Britain and the potential for its reform.

Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.

A growing chorus of prominent voices in Congress and elsewhere are calling for the expansion of our Social Security system—people who know that Social Security will not “go broke” and does not add a penny to the national debt. Social Security Works! will amplify these voices and offer a powerful antidote to the three-decade-long, billionaire-funded campaign to make us believe that this vital institution is destined to collapse. It isn't. From the Silent Generation to Baby Boomers, from Generation X to Millennials and Generation Z, we all have a stake in understanding the real story about Social Security. Critical to addressing the looming retirement crisis that will affect two- thirds of today's workers, Social Security is a powerful program that can help stop the collapse of the middle class, lessen the pressure squeezing families from all directions, and help end the upward redistribution of wealth that has resulted in perilous levels of inequality. All Americans deserve to have dignified retirement years as well as an umbrella to protect them and their families in the event of disability or premature death. Sure to be a game-changer, Social Security Works! cogently presents the issues and sets forth both an agenda and a political strategy that will benefit us all. At stake are our values and the kind of country we want for ourselves and for those that follow.

A broad, accessible introduction to the benefit system in Britain which can help readers to make sense of the system in practice.