When you are engaged in your retirement planning efforts you are logically going to have some questions about the Social Security program. Let's examine some of the more frequently asked questions about Social Security here. … [Read more...] about Answers to Frequently Asked Questions About Social Security
The baby boomer generation is now reaching the age of retirement, and as a result there are thousands of people becoming eligible for Social Security. Many questions are being asked and we would like to address a couple that are frequently asked. How old do you have to be to be able to apply for Social Security? … [Read more...] about When and How Do You or a Loved One Apply for Social Security?
At Parman & Easterday we like to keep you informed of any relevant changes to the Social Security program because it can play such an important role when you are planning for retirement. Along these lines we recently reported on the fact that paper statements are no longer going out in the mail (click HERE to review that blog). These statements contain valuable information because you really must know how much you can expect to receive when you do start to draw Social Security benefits if … [Read more...] about Social Security Change Being Implemented Next Year
It is best not to expect too much from Social Security because the benefit that you receive is going to be relatively modest. At the same time, reality is what it is, and most people who are receiving Social Security say that it represents the lion's share of their income. … [Read more...] about How Much Will You Receive From Social Security?
Financial security during retirement is not something that everyone is automatically entitled to because of the fact that we pay into the Social Security program. You are going to have to do the math and compare your anticipated Social Security income with your projected expenses. You will probably discover that Social Security income by itself will not cover your expenses. … [Read more...] about Retirement Planning: Expected Lifespan An Important Factor
When you are looking ahead to your senior years, you are probably expecting to be able to retire at some point in time. It is important to take personal responsibility however, because there are no guarantees. Too often when you quit working the money quits as well. Many people who fail to make any careful advance preparations regarding cash flow during their retirement years find themselves unable to retire at all. This is a rather disheartening thought to entertain. … [Read more...] about Spousal Retirement Benefits
Social Security is a very important part of the retirement planning efforts of many individuals. Most of the people who receive Social Security say their monthly benefits constitute the majority of the income they receive. … [Read more...] about Can You Collect Social Security And Work At The Same Time?
Over recent months the issue of the federal budget deficit has been one of the most hotly debated topics on Capitol Hill. Social Security, Medicare, and Medicaid expenditures accounted for 43% of the annual federal budget in FY 2010, and the number of people who will be eligible for these programs are expected to increase dramatically over the coming years. So those who are concerned about the deficit suggest that we can't make any headway without cutting these programs. … [Read more...] about Majority Of Public Against Social Security Cuts
With the baby boomer generation reaching retirement age there are a lot of studies being done with regard to how prepared people are for their post-work years. A recent Associated Press-LifeGoesStrong.com poll indicates that 64% of baby boomers who will be retiring in the coming years will be counting on Social Security as the foundation of their retirement. Some 44% of respondents stated that they are more or less certain that they will not feel comfortable financially once they retire. Of … [Read more...] about How To Increase Your Social Security Benefits
One of the most remarkable trends of the current era is the rapid aging of the United States population, and this has a significant impact on elder law issues. Senior citizens are the fastest-growing segment of the American population, and if you drill down a bit deeper you'll find that the oldest old, people 85 years of age and up, are the most rapidly growing demographic subset. This is having a remarkable impact on the Social Security and Medicare systems. … [Read more...] about Social Security 101