Ask Larry: Can My Friends Divorce And Remarry After 60 To Get Social Security Widow s Benefits? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Today s column addresses questions about whether Congress will correct an issue caused by Covid-19 that could mean lower lifelong benefits for those born in 1960, potential repercussions of Social Security overpayments and withdrawing a retirement benefit and reverting to survivor s benefits.
The author and Social Security expert discusses the best and worst times to claim Social Security, Roth versus traditional IRAs, and how retirees can protect against a weak market.
Ask Larry: Will My Child Get 50% Of My FRA Rate Even If I File Early At 62? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
In a sane world, people nearing retirement wouldnât be forced to make a one-time, irreversible decision, which, if they blow it, can be a six-figure mistake. But the Social Security retirement program is maddeningly set up as some sort of retirement obstacle course that trips up too many.
Most retirees claim too early, locking in a lower benefit. An analysis by a wealth management firm estimates that, by not choosing the optimal age to start collecting Social Security retirement benefits, the average household loses out on $110,000 in potential benefits. High earners who fumble the decision can leave more than $200,000 on the table.