Archive for Social Security Planning
By Heather L. Schreiber, RICP®, HLS Retirement Consulting, LLC Social Security is a topic that is near and dear to my heart, primarily because I run into consumers and financial professionals every day that just are confused, and rightfully so. In this article, we’ll cover: The steps behind the Social Security primary insurance benefits formula […]
Read more →By Bruce D. Schobel, FSA, MAAA, CLU, CEBS, Consulting Actuary Let’s start with Social Security’s financial status. There isn’t any real news here. For more than 30 years, Social Security’s Annual Trustees Reports have shown a very similar financial picture for the program. The funds have been building up over 36 years, and now they’re […]
Read more →By Heather L. Schreiber, RICP®, HLS Retirement Consulting, LLC Who collects Social Security today? Eighty-four percent of non-married retirees and 85 percent of married retirees collect Social Security benefits. Fifty-five percent of Social Security beneficiaries in 2016 were women. Let’s look at the relative importance of Social Security in the broader scope of how American […]
Read more →By Matthew Allen, CEO, Social Security Advisors About 70 percent of Americans fail to make a smart Social Security decision and instead just guess or claim early. On average, this costs about $120,000 per couple and amounts to about $25 billion per year in lost benefits. Why is this happening? Social Security is complicated. There […]
Read more →June 2016, Number 16-9 CENTER FOR RETIREMENT RESEARCH at Boston College By Steven A. Sass* The following is an excerpt with permission from the Center for Retirement Research at Boston College. Introduction Social Security aims to provide retirees a basic old-age income after a lifetime of work. Monthly benefits were designed to replace a greater […]
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