Posts filed under: social security

The Social Security Safety Valve: How ‘File and Suspend’ Could Work for You

Wednesday, October 22, 2014 | Joe Alfonso, GoLocalPDX Contributor Many of us have heard about the “file and suspend” strategy used to maximize Social Security benefits for married couples. In this strategy, at full retirement age (FRA) (age 66 if...

Social Security Spousal Benefits: Real World Examples of How the System Works

Wednesday, September 24, 2014 | Joe Alfonso, GoLocalPDX Contributor In a previous article, we looked at the general rules governing Social Security spousal benefits. As with all things related to Social Security, it is important to see how the rules...

What Does the Recent Social Security Board of Trustees Report Mean for You?

Wednesday, August 27, 2014 | Joe Alfonso, Personal Finance Expert, GoLocalPDX If you’re relying on the Social Security system to get you through retirement, you might have been confused by the annual report released recently by the system’s Board of...

5 Key Social Security Principles Everyone Should Know

No one ever said you could live like royalty on Social Security. The program was always intended to provide a foundation for retirement but not to completely replace one’s working income. Having said that, it is wrong to ignore the...

The Social Security “Reset”, Revisited

In a recent article, The Social Security “Reset”, I talked about how to partially undo the benefit reduction that results from taking early Social Security retirement benefits. I pointed out that the rules allow a recipient to suspend retirement benefits...

Gray Divorcees and Social Security

(Note: Social Security benefits are gender-neutral, but in this article I will refer to the wife as the recipient since statistically this is typically the case.) Sociologists have a name for folks who divorce after age 50—“gray divorcees”—and their numbers...

Deciding when to take Social Security benefits

April 19, 2014|Joe Alfonso, Guest blogger, The Christian Science Monitor Retirees who begin collecting Social Security before their full retirement age can take a significant cut to their benefits — but there may be a way to “reset” that process...

Social Security workshop set

March 6, 2014|Cliff Newell, The Lake Oswego Review Baby boomers urged to find best way to receive benefits The boom is on when it comes to people signing up for Social Security. Many baby boomers have already retired and many...

The Social Security “Reset”

Many current retirees decided to begin taking Social Security retirement benefits well before their full retirement age (FRA). The FRA is the age at which a beneficiary is entitled to receive a full Social Security retirement benefit based on their...

SSA Launches Online Benefit Statement Access

Putting aside politics and the ongoing debate about its long term viability, Social Security remains a core component of retirement planning. Knowing your estimated benefits at age 62, full retirement age and age 70 is important in developing a retirement...