Social Security Strategies for High-Net-Worth People
People who don't 'need' their Social Security may consider using their benefits to manage estate taxes and long-term care expenses....
Social Security is a government-run program in the United States that provides a source of income for retirees, as well as for people who are disabled or the survivors of deceased workers. The program is funded through payroll taxes, and it is designed to provide a basic level of financial security for those who are no longer able to work.
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People who don't 'need' their Social Security may consider using their benefits to manage estate taxes and long-term care expenses....
It isn’t common, but there are times when your Social Security payment could be delayed....
For those interested - SSA.gov Press Release 04/29/2025 - Social Security Administration Highlights Key Accomplishments in the First 100 Days of New Administration...
Yes, this is still the current interpretation of Social Security as an entitlement of benefits from contributions made over time - SSA.gov Social Security History -Supreme Court Case - Flemming v Nest...
FROM THE ARTICLE: How Social Security and Medicare Transformed Aging in America. Two lifelines for older adults reach important milestones in 2025. By T.R. Reid, AARP. Published April 30, 2025. After ...
FROM THE ARTICLE: AARP Answers Your Social Security Questions: 5 Takeaways from Our Live Event. An expert panel discussed customer service issues, the program’s financial future and our advocacy...
FROM THE ARTICLE: These Americans Depend on Their Social Security Payments — and Fear Losing Them. Caregiving, health challenges and business woes derailed their retirement plans, depleted their...
A family of (4) - a stay at home mom. (2) small kids and a dad that makes very good money from securing his degree and he is climbing the ladder. Own their nice home with a mortgage, two cars, are fin...
FROM THE ARTICLE: Social Security Retreats on Plan to Claw Back 100% of Benefits for Overpayments. SSA will now withhold up to half of benefits from those who owe for past payment errors. By Andy Mark...
FROM THE ARTICLE: Americans Rely on These Sacred Promises. Social Security and Medicare must be protected. By Dr. Myechia Minter-Jordan, CEO, AARP. Published April 30, 2025. Social Security and Medica...
You can make charitable donations to Social Security, the safety net for older Americans. But will it make a lasting impact?...
What financial advisers might need to know to help their clients navigate Social Security in 2025....
If you're strategic about your retirement account withdrawals, you can potentially minimize the taxes you'll pay on your Social Security benefits....
I received many questions after concluding in my post “How Much is Enough to FIRE in San Francisco” that $5,654,000 was enough to cover my current and planned future spending needs....
Here's a brief look at some of the biggest changes to Social Security that we’ve seen so far in 2025....
FROM THE ARTICLE: On Social Security’s Front Lines, Customers Seek Service — and Reassurance. At field offices in 3 states, beneficiaries worry that changing rules and staff cuts will make...
If you need to solve Social Security problems, online should your first stop....
In this inbox episode, we break down how the Social Security earnings limit works—especially for C corp owners who split income between salary and dividends. Learn what counts toward the limit, ...
Privatizing Social Security could mean more investment options for workers. It could also mean the loss of guaranteed income in retirement....
Perhaps you can help a retired lady. I'm 77 and started collecting SS when 62. I still work part time and am self employed. Recently I won a work related lawsuit of $220,000.00. I've been relatively l...
I swear I don’t know how I managed to get all the detail work of life done when I had a full time job. Start with Medicare and SS. That alone requires constant checking, monitoring, and tweaking...
FROM THE ARTICLE: How to Verify Your Identity with Social Security. You can still confirm your ID online, on the phone or in person when applying for benefits. By Phil Pruitt, AARP. Published April 16...
FROM THE ARTICLE: Have You Earned Your Eligibility for Retirement Benefits? Work, taxes and age all factor into whether you qualify. 2.5-minute read. By Andy Markowitz, AARP. Reviewed by Jammie Lyell....
The services of a Registered Social Security Analyst (RSSA) are often overlooked. Yet, for those planning for retirement, nearing or already retired, an RSSA can be an invaluable resource....
Work your way around income gaps, tax gaffes and Social Security insecurity with some thoughtful planning and analysis....
I am almost 64 and so is my husband. He started drawing early retirement this past year. I am still working and am planning on waiting as long as possible to draw mine and mine is going to be signific...
Delaying Social Security until age 70 will increase your benefits. But with shortages ahead, and talk of cuts, is there a case for claiming sooner?...
To read this story on KSL.com, click here. Up to 85% of your Social Security benefits could be taxed. Many families planning for retirement don’t realize this – or how…...
Higher Medicare premiums, smaller Social Security payments, bigger tax bills … Financial changes can hit hard when a spouse dies. How to counter the blow....
I am 64 years and have earned only 29 credits towards Social Security because I have spent much of my working life in Canada after marrying a Canadian. In 2024, I began earning US 1099 income (plus Ca...
FROM THE ARTICLE: AARP reiterates customer-service concerns as buyouts cut staff at local sites. By Andy Markowitz, AARP. Published April 10, 2025. Amid surging complaints about Social Security custom...
Deep staff reductions. New policies. Spreading misinformation. Since President Trump has taken office, the agency has been in tumult....
I started receiving SS benefits at age 62 because of a job change. My FRA is 66 1/2. Over the 4.5 years of benefits, almost half of them (27 months to be exact) were withheld due to the earnings limit...
The Social Security Administration receives 80 million calls every year. Timing is everything if you want to get through....
401(k) Index shows heightened Q1 market volatility fueled surge in trading...
A new study suggests the U.S. retirement system may be doing better than most....
If you receive an upward adjustment to your monthly Social Security benefits due to the SSFA, how you pay your Medicare premiums might change....
Just a question to ponder and to get some feedback on specific benefits: This is only for Social Security RETIREMENT benefits - not other type like Disability or Survivors. Should a person be able to ...
We hear you loud and clear. AARP members are deeply concerned about Social Security, and we are steadfast in our commitment to protectingthis vital program. Right now, we’re asking for three ass...
Call wait times are expected to worsen as staff cuts grow, but financial advisors say there are ways to help clients dealing with the frustrating situation....
Please contact your congressman for your district. They will refer you to their website, or They will sent you an E-Mail with a letter which has an electronic form which you complete and send it back ...
FROM THE ARTICLE: Answers to frequently asked questions about your retirement benefits. By Andy Markowitz, AARP. *** There are 363 Comments on the AARP website. Stop by to add yours. *** Published Sep...
President Trump signed an executive order forcing the federal government to phase out paper check disbursements by the fall....
Payments to eligible retired public sector employees will increase starting in April due to the Social Security Fairness Act (SSFA).....
Social Security has delivered four decades of predictable and stable costs and benefits. This is a remarkable achievement in a constantly evolving economy....
FROM THE ARTICLE: The truth about its current status and options for boosting its future stability. By John Waggoner and Andy Markowitz, AARP. *** There are 249 Comments on the AARP website. Stop by t...
You (AARP) contribute to the negative attitude towards Social Security. Your reports like the one here - "The Future of Social Security" by Waggoner and Markowitz. They state “Any reform that&rs...
An executive order directs the federal government to stop issuing paper checks for benefits and tax refunds in favor of direct deposit, prepaid cards, or other options....
Social Security says that you can apply for retirement benefit up to (4) months in advance of the the date you want benefits to start. One CAUTION here: If you are wanting to file for Retirement benef...
For this reason - By law, the program may NOT be altered through a reconciliation bill, so 60 votes are required in the Senate, and no party is likely to control that many votes in the foreseeable fut...