Don’t assume your or your spouse’s Social Security benefits will be low just because a phone call to Social Security confirms your suspicions. They may be wrong. Continue reading
Larry Kotlikoff exposes yet another peculiarity of our nation’s Social Security system that allows a spouse to live off the largest benefits package of multiple ex-spouses. Continue reading
Is getting married the best way to maximize your Social Security? Maybe. But what if your new love has an ex already collecting his or her spousal benefits? You can collect them too. Larry Kotlikoff explains when tying the knot — for more than love — makes sense. Continue reading
The White House says President Barack Obama’s upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.
Officials said Thursday that those potential reductions in spending, included in last year’s Obama budget, had been designed to initiate negotiations with Republicans over how to reduce future deficits and the nation’s debt. But Republicans never accepted Obama’s calls for higher tax revenue to go along with the cuts. 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
Social Security is an insurance policy, not an investment, so don’t let thoughts about breaking even influence when you collect your benefits, argues Larry Kotlikoff. Continue reading
Social Security is contributing to the deficit, says Larry Kotlikoff; it’s just not showing up where readers may have been looking. Photo courtesy of William Thomas Cain/Getty Images.