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Claiming Strategies

In this segment we will update you on a few changes that have happened in terms of claiming your Social Security, new rules that are in place, and what strategies you should take as you near retirement. Whether you were born before January 1st, 1954 or after, there are a few different options to file that could benefit you a great deal and Skip will walk you through these in this video.

This video will also take you through the opportunities that are there for you to collect extra benefits because of your spouse, current or former, whether you are married, divorced, or widowed. Skip will also help explain what you can do if you’ve already started to collect early benefits and how to fix that.

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Sources

Different Types of Retirement:
Source: money.msn.com/retirement/how-to-evaluate-retirement-risks
Source: www.pe.com/business/business-insider-headlines/20121128-biggest-risk-in-retirement-taxes.ece

Live Longer In Retirement
Source: http://longevity3.stanford.edu/wp-content/uploads/2013/09/SOA_SCL_Final.pdf, Page 13

The History of Social Security
Source: //www.socialsecurity.gov/pubs/EN-05-10072.pdf

Age Required to Receive Full Social Security Benefits
Source: http://www.ssa.gov/retire2/agereduction.htm

Qualifying for Social Security
Source: https://www.ssa.gov/news/press/factsheets/colafacts2016.htmSource Source: http://www.dol.gov/ebsa/pdf/retirementtoolkit.pdfEarly/

Late Benefit Comparison Chart
Source: www.ssa.gov/oact/ProgData/ar_drc.html 
Source: www.ssa.gov/oact/cola/piaformula.html

Working and Collecting Benefits
Source: http://www.ssa.gov/retire2/whileworking.htm

The Solvency of Social Security
Source: www.ssa.gov/oact/trsum/

Choices We Face for Restoring Solvency
Source: http://www.ncsl.org/ncsl-in-dc/standing-committees/labor-and-economic-development/maintaining-the-solvency-of-social-security.aspx
Source: www.usdebtclock.org

New Laws Affect Future Social Security Claiming Stragegies
Source: http://docs.house.gov/meetings/RU/RU00/CPRT-114-RU00-D001.pdf

New Law: Applies 3 Sets of Rules to 3 Different Groups
https://www.ssa.gov/planners/retire/claiming.html

Claiming Social Security Benefits Following a Divorce
Source: www.aarp.org/content/dam/aarp/aarp_foundation/2012-05/find-out-how-to-claim-social-security-if-you-are-divorced-aarp.pdf

Survivor’s Benefits
Source: www.aarp.org/work/social-security/info-02-2011/social_security_mailbox_survivor_ benefits.html

Potential “Fixes” For Those Who Have Already Started Collecting Early Benefits
Source: http://www.cbsnews.com/news/started-social-security-too-early-5-possible-fixes/

Part B - Medicare Costs
Source: ttps://www.medicare.gov/your-medicare-costs/part-b-costs/part-b-costs.html

Social Security Administration Guide
Source: https://secure.ssa.gov/poms.nsf/lnx/0200203004

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