Social Security Made Simple
In Social Security Made Simple, you will learn how your Social Security retirement benefits, spousal benefits, and widow/widower benefits are calculated. It also discusses the benefits you will receive if you have a government pension or if you continue working while claiming Social Security. In addition, this book tackles the taxation process of these benefits and how this affects retirement tax planning. You will also discover whether you're getting the full benefit you deserve by checking your earnings record on the Social Security Administration's website.
Find all of the following, explained in plain-English:
How your Social Security retirement benefits, spousal benefits, and widow/widower benefits are calculated
How your benefits are affected if you have a government pension or if you continue working while claiming Social Security
How to decide when is the best age for you (and your spouse, if you’re married) to claim Social Security in order to get the most out of your benefits
Whether or not it makes sense to take Social Security early in order to invest the money
How to check your earnings record on the Social Security Administration’s website to make sure you’re getting the full benefit you deserve
How to Social Security benefits are taxed and how this affects retirement tax planning