7 surprises that shrink your Social Security check

When Social Security payments form the backbone of your monthly budget — as they do for many retirees — it would be nice to accurately anticipate how much you’ll get. Unfortunately, that’s just not the case. In a survey released Thursday from Nationwide Retirement Institute, 29 percent of retirees say …

One simple Social Security strategy you can still take to the bank

The only constant is change. Do a little retirement planning, and you’ll soon bump into that truth. Earlier this month the U.S. government gave us another reminder: The Bipartisan Budget Act of 2015 made some of the most significant changes to Social Security benefits in years. Lawmakers unexpectedly tacked the …

What the Social Security Administration doesn’t tell you

Amid all the changes underway with retirement, from disappearing pensions to shrinking matches on company 401(k) plans, one thing – so far – has remained constant: Social Security. Among those age 65 and over, more than half of married couples and 74 percent of those who are not married depend on Social Security …

Three Big Wins for Retired People in New Budget Act

Budget Act Safeguards Social Security, Medicare for Older Americans – AARP  People of retirement age and their families scored three significant victories in the budget act passed by Congress. 1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were …

When Should You Take Social Security?

Key Points Taking Social Security benefits before you reach full retirement age may not be the wisest choice. We’ll cover Social Security benefit eligibility and factors to consider when deciding when to take Social Security. The strategies for maximizing benefits can get complex, so be sure to get help from …