Why shouldn’t I take my Social Security benefits early?

Claiming your benefits before full retirement age could be a big mistake. Your retirement benefits are reduced for life, and your survivor benefits for a spouse are also reduced. You are eligible for Social Security retirement or spousal benefits starting at age...

What’s a government pension offset?

If you receive a government pension and did not pay into Social Security, but your spouse or ex-spouse did pay into Social Security for more than forty quarters, you might be eligible for spousal benefits. However, two thirds of your pension payments will offset the...

What’s the Windfall Elimination Provision?

If you have a government pension from a public service job that didn’t require payment into Social Security, you’ll have to have worked in a side or new career that did pay into Social Security in order to qualify for Social Security benefits. You’ll need a minimum of...

Will Social Security be there for me?

Republican Mitch McConnell, Majority Leader of the US Senate, once said that members of the Millennial Generation think they have a better chance of seeing a UFO than their Social Security checks. Indeed, the 2016 Transamerica retirement study reveals that Gen-X (1965...