News & Articles

Maximize Social Security Benefits When You Retire

Posted on Wed, Sep 20, 2017

Get the most from Social Security. Younger retirees face a harsh penalty for working part-time. For every $2 earned over $16,920 in 2017 (up from $15,720 in 2016), you lose $1 in Social Security benefits. In the year you reach full retirement age, a higher earnings threshold applies. Your benefits will be reduced by $1 for every $3 of earnings only when earnings exceed $44,880 in 2017 if you reach full retirement age (up from $41,880 for 2016).

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Tags: Benefits, Retirement, Retirees, Social Security

Report Warns Retirees about Potential Downsides of Reverse Mortgages

Posted on Fri, Sep 15, 2017

Reverse mortgages have been around for years. But they're getting a new spin: Some senior homeowners are tapping into their home equity to "bridge the gap" until the time they're ready to apply for Social Security benefits.

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Tags: Retirees, Social Security, Consumer Alert, Mortgage

Federal Benefit Payments Require Direct Deposit for Retirees

Posted on Mon, Feb 25, 2013

Beginning March 1, 2013, retirees receiving Social Security payments and other beneficiaries of federal benefit plans are required to begin receiving payments electronically. That means they will have to receive their benefits via direct deposit to a bank or credit union account or on a debit card. This article explains the new requirement, along with ten facts about Social Security that you might not know.

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Tags: Retirees, Individual Income Tax, Law, Financial Management, Consumer Alert, Articles, Retirement Planning