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Mary Beth Franklin: With Social Security, no double dipping allowed
I often receive questions from financial advisers who are anxious to maximize their clients—on in some cases, their-own—retirement income through smart Social Security claiming decisions. Unfortunately, the strategies that some of them propose are based more on wishful thinking than fact.
Mary Beth Franklin: Undone by the do-over strategy
One of the biggest challenges of figuring out when to claim Social Security benefits is determining which strategy would maximize benefits for a client. The second challenge is to keep up with any rule changes that could undo the initial decision. In the past few weeks, I have heard from two
Sometimes, cash now is better than more cash later
I received a really interesting question from an adviser in Minnesota recently who was looking for advice on Social Security-claiming strategies for a newly widowed client.
Social Security face-off: Analyzer vs. Explorer
Testing two software tools that calculate benefits and help users' wargame claiming strategies
Social Security software options
With different levels of sophistication and price, which claiming-strategy tool is optimal?
Social Security software firm offering new service levels
Increasingly, financial advisers are interested in incorporating Social Security-claiming strategies into their clients' retirement income plans.
Social Security rules for divorced spouses
I received a question from an adviser in California today that broke my heart. Donna wanted to know if her client might be entitled to Social Security survivor benefits based on her ex-husband's earnings record.
Making Social Security claiming strategies a little easier
With all of the interspersed factors to consider when helping determine a client's best Social Security claiming strategy, software can be a godsend. But which tool offers the best output for the cost? I looked into and ran test scenarios through two of the most popular Social Security software
Leading Social Security software seller comes down on price
Increasingly, financial advisers are interested in incorporating Social Security claiming strategies into their clients’ retirement income plans. But as most of you know from reading my InvestmentNews columns, Social Security rules can be downright confounding. To get an accurate estimate of your
Claiming Social Security, you're either married or not
I received an interesting question from a reader last week. She asked, What are the Social Security-claiming rules for a married couple who have been legally separated for years but have not divorced? In this case, both spouses are older than the normal retirement age of 66, but the husband the
Social Security rules define when a spouse is a spouse
I received an interesting question from a reader last week. She asked what are the Social Security claiming rules for a married couple that has been legally separated for years, but is not divorced?In this case, both spouses are older than the normal retirement age of 66, but the husband—the larger
Disability automatically converts to retirement benefits at 66
A financial adviser in Minneapolis recently received a panicked call from one of his clients asking what would happen to her disability benefits once she reached full retirement age.
Mary Beth Franklin: Social Security Disability muddles claiming picture
Plenty of confusion over the interplay between disability and retirement benefits.
Widower can collect survivor benefits now, retirement benefits later
So often when I write or talk about Social Security benefits, I refer to the fact that actuarially, women are likely to survive their husbands. Consequently, many of my discussions of survivor benefits focus on widows.
Mary Beth Franklin: The surest way to boost your Social Security paycheck
In this video interview on Morningstar, IN's retirement guru discusses the benefit of delaying retirement.
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Mary Beth Franklin, InvestmentNews
Harley Gordon, CLTC