Tag: social security
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Savvy Senior: With Social Security uncertainty, should you claim benefits early?
By Jim MillerSpecial to The Gazette Dear Savvy Senior, I turn 62 early next year and plan to retire soon after. Most advice says I should wait to claim Social Security because my monthly benefit will be higher. But with all the recent news about Social Security’s financial problems, I’m wondering if taking benefits early…
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Savvy Senior: Understanding the Social Security breakeven age
By Jim MillerSpecial to The Gazette Dear Savvy Senior, I’m trying to figure out the best time for my wife and I to start taking our Social Security retirement benefits and would like to understand the breakeven age. What can you tell me? — Strategizing Sam Dear Sam, As you approach retirement, one of the…
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Savvy Senior: Can you get a lump-sum Social Security payment?
Dear Savvy Senior, I’ve read that the Social Security Administration offers a lump-sum payment to new retirees who need some extra cash. I haven’t yet filed for my retirement benefits and would like to find out if this is true. What can you tell me? — Born In 1958 Dear 1958, There is indeed a…
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Savvy Senior: Is Social Security still taxable?
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Dear Savvy Senior, Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear…
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Appeals court rules for first time that Social Security benefits can be included in alimony
Colorado’s second-highest court clarified last week that federal law does not prohibit a person’s Social Security benefits from being diverted to pay for their ex-spouse’s alimony. Although other states’ courts had addressed the issue, the Court of Appeals never previously evaluated the meaning of two provisions of federal law as applied to divorced couples. First,…