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Social Security survivor benefits after botched second marriages
In the country music world, you're supposed to “dance with the one that brung ya.” But the protocol is different in Social Securityland. If you've been married twice and the second union ends in divorce, it may be OK to leapfrog back to spouse No. 1 when it comes time to claim benefits. An
Social Security training course covers program nuts and bolts
Course covers finer points of Windfall Elimination Provision calculations, but needs more emphasis on claiming strategies.
Adapt investment strategies to pay for long-term care
Retirement expert Mary Beth Franklin details the importance of adjusting client investment portfolios to cover the costs of long-term care.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
File and suspend won't be suspended … just yet
Obama budget proposal seems to target some Social Securities claiming strategies but this popular one is safe – for now.
It doesn't always pay to delay Social Security
Normally, I recommend that most married couples consider the ultimate impact of their Social Security-claiming decision on the survivor benefit they may leave behind for their spouse. As a quick refresher, Social Security survivor benefits are worth 100% of the retirement benefit that the deceased
What female retirees don't know can hurt them
I met a woman named Linda the other day. While we were chatting, she mentioned that she quit her full time job because she didn't need the money, thanks to stashing away nearly half of her paycheck throughout her career. She owns her condo outright and now, in her late 50s, works just one day a
How to interpret Social Security benefit statements
A financial adviser wrote to me recently asking how to interpret the Social Security estimated-benefits statement of one of his new clients, a veteran firefighter of more than 30 years. The client's public-sector job is not covered by Social Security, but over the years, he has worked some side
Brain drain at Social Security Administration
When it comes to deciding when to collect Social Security benefits, one of the biggest mistakes a client or financial adviser can make is assuming that the Social Security Administration representatives will help them sort through their claiming options. “The agency is having some real issues about
Social Security accreditation program for advisers
A few years ago, Marc Kiner, a retired accountant from Cincinnati, and Jim Blair, a 35-year veteran of the Social Security Administration, teamed up to offer Social Security consulting services to consumers. By 2013, their fledging partnership had blossomed into a national Social Security training
Huge gap in public's knowledge of Social Security rules
Difference between claiming strategies could be as much as $250,000 for a married couple.
Making tough decisions to fix Social Security
A new policy simulation tool lets users design their own package of reforms to fully fund Social Security. If individual users can make these tough decisions, why can't elected officials?
Mary Beth Franklin: Budget raises questions about fate of claiming strategies
Unclear if and when proposed change might take effect, still more vague about what strategies would be affected.
White House budget proposal targets Social Security benefits
President Obama's plan takes aim at strategies used by upper-income claimants to increase their benefits.
Two wives, two sets of Social Security benefits
Thank you to the more than 2,500 listeners who tuned in to my Social Security Bootcamp webcast on Tuesday. If you missed it, or want to review it, an archived version of the webcast is available. Click here to access it. In the meantime, I'll try to plow through the more than 365 questions that I
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February 27, 2014