Social Security expert Larry Kotlikoff explains why you collecting on your ex-spouse’s work record can yield better Social Security benefits. Continue reading
Social Security expert Larry Kotlikoff says there is no general rule in trying to maximize your Social Security benefits. The precise amounts of what you and your current, ex-, or deceased spouse(s) earned and when you and they earned it makes all the difference. Continue reading
Public assistance recipients are required to apply for all other types of benefits for which they may be eligible, including Social Security. If their Social Security benefits exceed a certain amount, that could affect their eligibility for other forms of public assistance. Continue reading
You can double-dip the Social Security system, says Larry Kotlikoff, but not triple-dip — unless you are divorced. Continue reading
Taking your Social Security checks early might close the gap in your finances in the short term, but if you can tide yourself over, you’ll be better off in the long term if you wait. Continue reading
This fictitious horror story about a couple who was misled about their benefit collection strategy is a cautionary tale. Continue reading
By Larry Kotlikoff After you reach full retirement age, you can suspend your benefits and restart them at a higher value any time through age 70. Photo courtesy of Jim McGuire via Getty Images. Larry Kotlikoff’s Social Security original 34 … Continue reading
While, under certain circumstances, you can receive all of your suspended retirement benefits in one lump sum, it’s not necessarily a good idea if you’ve got survivors to think about. Photo courtesy of Flickr user dumbeast.
Not understanding what you’re inputting to an online Social Security benefit calculator could result in a wildly inaccurate benefit estimate. Photo courtesy of Kick Images via Getty Images.
Rumors about Social Security policies abound; it’s important to consult the Social Security Administration, especially their technical experts, about your specific circumstances. Photo courtesy of Tetra Images.