May 29, 2017

Medicare & Social Security

Navigating Medicare and Social Security can be tricky, so here are some tips and tricks to get the most out of them.

Most People Take Social Security At The Worst Possible Age

stacked eagles

While taking Social Security at age 70 is not optimal for everyone, age 62 is optimal for almost no one.

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Start Early on Retirement Planning

Start Early on Retirement Planning

Retirement planning should begin the moment you receive your first paycheck.

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What Counts as Wages for the Social Security Earnings Test?

What Counts as Wages for the Social Security Earnings Test?

Contrary to the normal way of things, this time what Uncle Sam gives with the IRS, he takes away with the SSA.

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Social Security Loopholes Scheduled to Sunset

Social Security Loopholes Scheduled to Sunset

The Bipartisan Budget Act of 2015 ends two very profitable Social Security optimization techniques that allowed some savvy beneficiaries to take up to $50,000.00 in additional lifetime income.

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How to Factor Social Security into Your Safe Withdrawal Rate

How to Factor Social Security into Your Safe Withdrawal Rate

Carefully computing and adding your Social Security early retirement safe withdrawal rate can safely boost your early retirement standard of living without jeopardizing your future finances.

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Advisors Save Clients From Costly Mistakes By Social Security Workers

Advisors Save Clients From Costly Mistakes By Social Security Workers

Those costly mistakes are a fifth of a million dollars in most cases.

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Medicare High-Income Premium Surcharges – 2015

Medicare High-Income Premium Surcharges - 2015

These premium surcharges are typically unavoidable except for some planning a Roth Conversion.

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Social Security for 70′s Child

Social Security for 70's Child

“I’m 58 and I’ve been married and divorced twice. …I realize this is complicated, but you gotta love the 70′s!”

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The Politics of Social Security

End of the line

Even half of what they collect in Social Security could provide a better private benefit.

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Matthew Illian’s Social Security Article on MSN Money

divorce

If you’re getting divorced or remarried, “for better or for worse” and “for richer or for poorer” can have real meaning for Social Security benefits. Most retirees are uninformed about how Social Security benefits are calculated, and often overlook how their change in marital status affects this critical retirement asset.

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Social Security to Resume Some Paper Statements

No junk mail

Beginning in September 2014, SSA will resume mailing paper statements to workers every five years.

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Important Social Security Info for Widows and Widowers

Widows and Widowers

Most survivors are uninformed about how Social Security benefits are calculated and often overlook a careful analysis of this critical retirement asset.

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Tax By Inflation

The Fading Dollar

In its simplest form, the government prints money and uses the newly printed currency to fund government spending.

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Is Social Security Stealing Your Chance Of Being A Millionaire?

You have got to be kidding.

Social Security withdrawals have enslaved workers to depend on government largess when they could have been independently wealthy.

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Social Security

SS Heatmap

Social Security benefits can represent a big stack of cash. A typical monthly benefit of $2,200 has a present value well over $500,000. Consider all your Social Security options carefully to avoid making a costly mistake.

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Liberals Characterized Privatizing Social Security As A Risky Venture

Obama's 2012 Convention Acceptance Speech

Even the Social Security withdrawals of average workers would produce millionaires if they were allowed to be saved and invested in private accounts.

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Social Security Optimization: Case Study

social security man

Social Security Case Study: The names have been made up, but the problems are real.

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Why Can’t Our Social Security System Be More Chilean?

social security

Both economists and reasonable citizens understand that reforming our Social Security system is inevitable.

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How to Calculate An Advisor’s Value: Annuity Planning

Chess Black King

Without a doubt, the best single annuity option for any client – that is, the option that creates the higher monthly cash payment – is to delay Social Security.

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Social Security Earnings Penalty?

early ss_t

A good deal of misinformation is published about a so-called Social Security earnings penalty. Many are led to believe that if they earn money while collecting Social Security, they’ll lose some of this benefit forever.

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Three Reasons Medicare Advantage Can Be Called Medicare Dis-Advantage

medicare

Approaching 65? Or perhaps you need to review your current Medicare choice. Consider these three reasons to avoid Medicare Advantage.

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Medicare Advantage Plans: Are They For You?

medicare3_t

Those planning to enroll in Medicare have lots of homework to do. In this article I cover the essential benefits of Medicare Advantage which is the private insurance option for Medicare recipients.

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Age 65 and Still Working: Sign Up For Medicare?

medicare2_t

Is Medicare better than your current employer health plan? Signing up for Medicare is the right decision for many who stay on the job. With one exception, everyone who is eligible should sign up for Part A.

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The ABCs and Part D of Medicare

medicare

As seniors approach age 65, they face a matrix of confusing Medicare options. Planning for health care expenses in retirement is one of the largest hurdles that new retirees face.

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Three Reasons Husbands Should Delay Taking Social Security Until Age 69 or 70

delay_ss_t

Most married men claim Social Security at age 62 or 63, which leaves their future income well shy of what research indicates is optimal. Gentlemen, it’s time to wise up.

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15 Tax Moves For Right Now. Really?

1040-2013

Do any of these ideas suggest any incentive for the highly productive to continue producing?

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Social Security goes fully paperless

my Social Security

You should claim your own Social Security account online and give it a secure password before someone else does.

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$ ?s: Can Social Security Checks Be Mailed To Foreign Soil?

retireoutofcountry_t

It is estimated that as many as 40,000 American citizens reside in Costa Rica, and many are retirees who are stretching the purchasing power of their Social Security paychecks.

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Radio: Social Security

On Air

David John Marotta and Matthew Illian were interviewed on radio 1070 WINA’s Schilling Show discussing Social Security and how to get the most from filing at the right time.

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Social Security Time Machine Opens Door for Retroactive Benefits

Retroactive Benefits_t

I highlight several options, often overlooked, to claim retroactive Social Security benefits. Some retirees will find it beneficial to turn back the clock in order to receive large one-time checks when they first file.

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Social Security Planning from the 2012 January / February issue of Planning Perspectives

NAPFA Planning Perspectives Jan-Feb 2012

“Deciding when to take Social Security benefits is critically important to maximizing long-term benefits. Benefits may be claimed as early as age 62, or as late as 70.”

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Gain $152,000 by Smart Filing for Social Security

SS Heatmap

Social Security benefits can represent a big stack of cash. A typical monthly benefit of $2,200 has a present value well over $500,000. Consider all your Social Security options carefully to avoid making a costly mistake.

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Tax Planning from the 2012 January / February issue of Planning Perspectives

NAPFA Planning Perspectives Jan-Feb 2012

“How can you respond if these new taxes are enacted? One option is to do a Roth conversion so that you can pay taxes now for those retirement funds.”

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$ ?s: Divorced Spouse Social Security Benefits

$ Questions

Q: My husband and I divorced several years ago, and I am about to turn 62 in December. Since my ex-husband (he’s a year older) and I parted ways, we don’t talk. Can you please explain the Social Security benefits due to a divorced spouse?

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Debt Talks Target Cost Of Living – Social Security falls further behind.

Diet COLA

To solve the deficit reduction riddle, Obama reportedly is embracing an idea that purports to raise tax revenue without a tax hike and claims to cut Social Security outlays without cutting benefits. Better check your wallet.

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