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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The Social Security decision should reflect how clients want to spend, withdraw from wealth and experience retirement. Here's how advisers can find that out.
In this episode, Roger Whitney breaks down essential elements you need to consider before and during retirement. From understanding inflation risks to strategic asset reallocation, this episode offers...
We’ve all read the research about the “Go-go, slow-go and no-go” periods of retirement and decreased real-dollar spending as we age, but contrary to observed research, most decumulation strategies tod...
This post is a follow-up to our post of July 2, 2025. In that post, we talked about the possibility of future Social Security benefit cuts and how you can use the Actuarial Financial Planner to estima...
[Long] This might be one of those “Shut up, good problem to have” things, but I honestly don’t have a grip on it. I’ve been retired for 2.5 years and in 6 months, I’ll claim Social Security when I hit...
Tuesday, March 31 - Monday, April 06, 2026 Most Commented score comments title & link 182 128 comments Small adventures on the cheaper side 377 79 comments I've Been Retired For Three Years. It's Time...
When I claim SS my wife and I suddenly have another $5700 monthly coming in (mine+spousal). That WELL exceeds what we need to live on - even with a generous vacation budget. I'm thinking that at that ...
We are retired and want to spend $250,000 a year, but once Medicare and Social Security start, we'll need less. Are we nuts?
Looking for a great retirement destination? Oregon has no sales tax, no state tax on your Social Security, highly rated health care and a temperate climate.
In this episode of the Retirement Answer Man, Roger Whitney explores the critical decision of when to claim Social Security benefits, weighing the pros and cons of taking them early versus delaying. T...
I posted this question a year or so ago. I also discussed this with my financial advisor. He gave me all sorts of things to do. I'm asking here because I forgot, and a 2nd and 3rd opinion always helps...
From what I’ve read it’s my understanding if I claim a SS Survivors benefit the amount is based on a percentage of my spouse’s SS benefit at age 67 (FRA). If I claim the benefit at age 60 it would be ...
Claiming Social Security is a lifelong decision, and poor choices can cost the average couple more than $180,000. Complete these tasks to avoid a big mistake.
A new proposal could cap Social Security benefits at $100,000. Here’s who it impacts, why it’s gaining traction, and what it means for your retirement.
The Social Security provisional income threshold can create a "tax torpedo" for disciplined savers, raising your effective marginal tax rate to 40.7% or more.
Increasing longevity means you could outlive the money you've saved for retirement. Social Security may not bridge the gap, but an income annuity could help.
Brigadier General Michael Meese details the critical decisions military families must make before retirement. Transitioning into retirement is a major life change for anyone. But for military families...
What will you have: benefit cuts or tax hikes? Maybe a little of each. Here is what six potential solutions to the system’s bankruptcy would do to you.
Women should personalize their Social Security claiming strategy and run the numbers after considering life expectancy, tax situation and existing assets.
One more week left of work, then on vacation for a month. Retirement date is May third. Signed up for Social Security on February 13th, says it can take up to thirty days, it's still under review. How...
I am mostly a D.I.Y. investor at age 62 and with retirement on the horizon, I am trying to plan as much of that as I can. I do not have a date in mind, although as it relates to SS benefits, I would l...
Author Ethan Lohr shares how the four buckets retirement income strategy helps retirees behavior-proof their retirement. Many retirees face one similar problem that they struggle to name: the emotiona...
Steve Chen sits down with Mark Miller to unpack the biggest changes hitting Social Security and Medicare right now. The post Podcast 109: Social Security & Medicare: What’s Changing and What It Means ...
There was a Senate hearing yesterday on Senate Budget Committee Examines Social Security Solvency You can watch / read /listen to it all on CPAN 2 at this link - https://www.c-span.org/program/senate-...
After eight years of managing our funds and averaging over 9%, I was feeling confident. But if you change your mind, things can get messy. The post A Change of Plans About When I Took Social Security ...
An annuity is basically you telling your money: “Stop wandering around and pay me like rent every month.” And your money says, “Okay, fine,” and does it. ? The Three Types (Explained Like Family Membe...
Joe Anderson, CFP® and Big Al Clopine, CPA focus on Social Security claiming strategies as part of the retirement spitballs, today on Your Money, Your Wealth® podcast number 574. Bijou Plutus and her ...
Whether you're looking for a total "do-over" or just a temporary "pause," this quick quiz reveals exactly what is — and isn't — possible.
The final decisions you make on spending, Social Security and investments can make the difference between a successful retirement and one filled with regret.
From spousal and child benefits to taxes and timing, these 20 lesser-known Social Security rules can significantly impact your retirement income.
We are one step closer to make retirement official, we have filed for our Social Security benefits! Now I'm curious - the literature we received in the mail suggested voluntary withholding on our bene...
Everyone might want to read this recent editorial from MarketWatch and Morningstar here - - https://www.morningstar.com/news/marketwatch/2026031757/social-security-benefit-cuts-are-coming-and-they-wil...
Juan and Mary in Brooklyn are 49 and 48 with $2.2 million saved. Can Juan afford to retire early, or just walk away if he gets fired? And if they get divorced, yikes - but does the math still work? Th...
Deciding when to claim Social Security is tricky — and the wrong decision can be costly. DIY investors shouldn't leap in without these tools and rules.
Retired in my early 60's. Then spent 9 years working part time at a local business. As expected I was surrounded by much younger people. For them the job was a career. I didn't need the job which of c...
We have begun working with a new advisor and they went through our investments, health insurance, expected social security, etc. If I retire at the end of 2026 at 60 year old, there is a probability o...
does anyone else's retirement plan depend quite heavily on s⁰cial security? if so, is that a major concern? I would love to hear from others who have retired or are retiring soon, who are heavily depe...
We all know we need to have an emergency fund, mine is around 6-8 months of expenses, but what's your strategy for if and when you dip into it, how do you go about replenishing it when you're on a tig...
I can follow through with either of the 2 scenarios, just trying to figure out which is best, as I cannot find an exact answer on the SS site. I am 67 1/2, past my full retirement age, I will be worki...
F67, M72. We get about income of 5500 a month spend about 4,000 a month and have $1500 left over, Next year that we will pay off our last debt and will have another $500 available. We have rebuilt our...
"Carl and Jane" have eight million bucks, and their advisor is suggesting a 130/30 long-short investing strategy. Joe Anderson, CFP® and Big Al Clopine, CPA spitball on whether this is a smart tax mov...
Since 2010, Social Security benefits have lost 20% of their buying power, according to The Senior Citizens League. After 14 ... Read more
I'm considering continuing working past my full retirement date to payoff mortgage, as I can take Social Security and full salary at the same time. Is there a calculation available that one can show t...
My life is changing fast and I’m having a hard time keeping up. Just a short recap: My mother passed away late August 2025. In November, I drove across the country to have a funeral service (it was at...
Tuesday, February 24 - Monday, March 02, 2026 Most Commented score comments title & link 85 309 comments Choosing to continue to work: Reasons? 24 155 comments Have you/do you plan to downsize your ca...
Thanks to the family maximum benefit, when a retiree starts collecting Social Security, certain family members may also receive support. Here's a complete guide.
The Golden State won't touch your Social Security, but high rates on pensions and IRAs tell a different story. Can you afford retirement in California?
If you plan to punch the clock for the final time decades before "standard" retirement age, you need a financial strategy that goes beyond just saving. Joe Anderson, CFP® and Big Al Clopine, CPA spitb...
Can I (61F) defer taking payments from my retirement account when I retire at 65 and start withdrawing when I hit 70? Hubby (76M) has been retired since 65. He wants me to go out sooner but I just can...
Will the SSA send the funds abroad? Or will they direct-deposit only to a US account? Do you have to maintain a physical mailing address in the US of will a rented mailbox be OK? Do any of the answers...