We all have regrets. But for people who claimed Social Security early and now wish they hadn’t, there’s a do-over solution that can reverse an early claiming decision and result in larger future benefits. In fact, there are two do-over opportunities. And for some people, there may be a...
While Social Security is the bedrock of retirement income for many Americans, it can also serve as a lifeline for children when one or both parents retire, become disabled or die. Financial advisors and their clients often have questions about how and when children become eligible for benefits. In 2021,...
Several recent studies underscore the importance of Social Security as the bedrock of a secure retirement income plan, just as more than half of pre-retirees are questioning whether the program will be there for them. With apologies to Canadian songwriter Alanis Morrisette, isn’t it ironic? “With Americans living longer than...
Just when you think Medicare couldn’t get more complicated, it does. But in this case, the complication is a nice surprise. Did you know that when a Medicare beneficiary dies, their estate or family may be entitled to a refund? First, a little background about Medicare premium payments. When someone enrolls...