By Elliot Raphaelson From Tribune Content Agency Question: I was divorced many years ago after more than a 10-year marriage. I have not re-married. My previous wife has passed away, and she worked under Social Security for many years. I am 63 now, and don’t plan on filing for my Social Security benefit until I…
What Does the Increased Social Security Benefit Really Mean?
November 13, 2022
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In 2023, the cost-of-living adjustment (COLA) for Social Security is increasing. As a result, more than 65 million Social Security beneficiaries will receive an 8.7 percent increase in their benefits. That equals roughly $146 for the average Social Security recipient. But that’s not all that’s going up. Someone has to pay for this increase. How…
Give Yourself a “Bonus”: How to Maximize Your Social Security Payout
June 10, 2022
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Most Americans are playing catch up when it comes to retirement savings. Even if you make a sizable income, putting away money for retirement is challenging. There is always some necessity with which you must deal. So, making sure you receive the most retirement income possible from Social Security is essential. Fortunately, there are some…
Carrying a Social Security Grudge for Years
I’m always amazed by the number of emails I get from people who have been getting benefits for 10 years, or 20 years, or even more — and now they are coming to me with questions about their benefit amount. Or to be more precise, they are telling me some version of this lament: “I…
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