One of the biggest mistakes today’s federal retirees can make is to underestimate the importance of Social Security in their retirement strategies.
Posts Tagged: Social Security
This week we would like to help you better understand how Federal government employment affects your Social Security benefit.
A common question often asked is “Will Social Security be there for me in retirement?” The answer is yes, but the amount of Social Security you will receive is dependent on the age you choose to begin drawing these benefits. Here is important information you should consider as you are nearing retirement.
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The Social Security Administration has announced that there will be no annual cost-of-living adjustment (COLA) increase for 2016.
This is the second post on social security. Today, we’ll explore if the program will exist down the road. (Spoiler Alert) We will have social security until 2033, even if Congress does absolutely nothing. (Quite frankly, it seems quite plausible that nothing will be done for 21 years). While it’s difficult to project exactly when… Read more »
Most of us are familiar with the program and see the FICA taxes taken out each pay stub to support Social Security and Medicare. So I’ll start with a quick program overview, and then what Social Security actually does for Americans. Hopefully you will learn something new. On August 14, 1935, President Franklin Roosevelt signed… Read more »
There is much to consider before applying for Social Security. I’ll be 63 in May and my wife turns 62 this year. Do you need your Social Security card to apply? Many misplace their card and it isn’t uncommon to lose a card that you’ve had around the house for 40 years or more. You… Read more »
A soon to be retired fed contacted me last month about an estimate they received from their HR department with a grossly incorrect survivor benefit cost estimate. The employee was advised that a full survivor benefit for their spouse would reduce their monthly benefit by one third! Incorrect high estimates like this can put the… Read more »