How good Social Security planning can offset 'disturbing' trend hurting widows

Posted on July 27, 2015

While researching the impact of male Social Security claiming and poverty rates for widows, I have read article after article that illustrates the need for competent financial advising, especially in the area of Social Security claiming decisions and retirement income planning.

There is no shortage of research literature that directly ties the financial futures of many women to the claiming decisions of their husbands. For example, a study commissioned by the Federal Reserve in 2012

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Posted in Benefits, Claiming Strategies

When helpful advice turns into long-term hardship

Posted on July 27, 2015

Several calls to our office in the past month reaffirm what advisors with Social Security expertise see all too often — consumers can get short-changed when they receive advice at their local Social Security office.

To illustrate this, we’ll use the real-life example of a widow who elected to first claim her widow benefits while waiting for retirement benefits to accumulate.

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Posted in Benefits, Claiming Strategies

The software field you should never leave blank

Posted on July 27, 2015

At the end of the software’s client wizard, or input screens, you see the question, “What is the desired pre-tax monthly household income upon retirement?”

Subscribers often ask the support staff why we ask this question or how the client’s answer effects the calculations. We often see this field blank.

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Posted in Calculator, Social Security Timing

Do you go with the cashflow?

Posted on July 27, 2015

If you have a client who questions the benefit amount in a strategy, walk him or her through a selected strategy’s monthly cashflow to help them understand the strategy better.

You can locate the cashflow feature while you have the main workspace open.

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Posted in Calculator, Social Security Timing

Change to printed client report better illustrates income gap

Posted on July 27, 2015

Many subscribers have been asking for a column that calculates the additional years of work and non-Social Security pension income, since we reflect that income in the projected-versus-desired-income graph on the printed report.

Thanks to our development team, the summary columns on the cashflow pages now feature a category titled “Other” in the printed client report. The total income from Social Security and the other possible income (additional work years and non-Social Security pension

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Posted in Social Security Timing

How the Supreme Court decision on same-sex marriage impacts Social Security claiming

Posted on July 27, 2015

The June 26th Supreme Court decision that same-sex couples have a constitutional right to marry in all states has significantly impacted the landscape of Social Security claiming decisions.

In some cases, the Obergefell v. Hodges decision offers clarity. In others, many questions remain. Here, we’ll address the areas in which your clients might seek advice.

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Posted in Claiming Strategies, Same-sex Marriage

What is that new tab over there?

Posted on July 27, 2015

Once you are logged into your Social Security Timing® software account, you’ll notice a new cog wheel tab at the top right side of the page.

This is a global navigation tool to help you get back and forth easily to the front end of the website, your profile information and the software, without having to log in to the software every time. When you click on the cog wheel, a menu appears. Select “Subscriber” under “Resources,” to view all the items you have access to. If you have any questions

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Posted in Social Security Timing

Brace yourself: election season is here!

Posted on July 27, 2015

Every two years, we get a small dose of election campaign rhetoric regarding Social Security, and every four years, we get a big dose. Candidates claim their opponents’ plans to save Social Security will bankrupt grandma, rob children of their future, or worse.

This year, New Jersey Gov. Chris Christie kicked off the tradition with a bold proposal to scale back Social Security benefits for some Americans. Christie, a potential presidential candidate, proposed means testing that would reduce

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Posted in Social Security