By voice vote late Thursday, the Senate gave final congressional approval to a measure that would shut a loophole that allowed suspected Nazis to be paid millions of dollars in benefits, clearing it for the White House. Under the bill, benefits would be terminated for Nazi suspects who have lost their American citizenship, a step called denaturalization. U.S. law currently requires a higher threshold — a final order of deportation — before Social Security benefits can be stopped. Continue reading
If you live to 100, which is increasingly likely for middle class Americans in decent health, says Social Security expert Larry Kotlikoff, you’ll be extremely happy you waited until age 70 to collect your retirement benefit. Continue reading
If you are going to file for your Social Security retirement benefit early, and you play your cards right, Larry Kotlikoff has a new trick for you to maximize your benefits.
Once you have filed for two benefits, you get just the larger of the two. So to maximize your Social Security, the trick is to take one benefit — a widows benefit, for example, or your own retirement benefit — first, while letting the other grow. Continue reading
Larry Kotlikoff and former Social Security technical expert Jerry Lutz intervene on behalf of a disabled divorcée who was getting all the wrong answers from the Social Security offices in her area. Continue reading
Much of Larry Kotlikoff’s Social Security advice pertains to married couples or partners who are divorced, separated or widowed. But today, he speaks to those boomers who have never married, and tells them what they need to know should they find love late in life. Continue reading
Nearly 60,000 veterans were triple dippers last year, drawing a total of $3.5 billion in military retirement pay plus veterans and Social Security disability benefits at the same time, congressional auditors report. It’s all legal. Continue reading
Expecting your Social Security check after paying FICA taxes for years? You may be disappointed. You won’t receive your own Social Security benefit if you receive a survivor benefit, for example, that is larger. In other words, you cannot receive both because that larger benefit cancels out your own. Continue reading