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Posts Tagged ‘full retirement age’

As our baby boomer population starts contemplating the day they will leave the workplace, they begin to realize that there are a lot of decisions to be made regarding workplace and government provided benefits. Decisions regarding pension payouts may be mind-numbing – (a) single life, (b) joint life -100% benefit, (c) joint life – 50% [...]

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In an earlier blog, I wrote about the impact of the higher age at which social security benefits start (Full Retirement Age or FRA) based on the changes in the law enacted in 1983. The premise of that article was that the benefit was 19% lower because current retirees have an FRA of 67 versus [...]

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In the past several weeks there have been numerous articles with different titles, but the message was that social security benefits might be going down by 19%. These articles were stimulated by a study released by the National Academy of Social Insurance in June 2011 that was explaining the impact of the changes passed by [...]

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Read Part 1 of Rebels Without a Cause? SOCIAL SECURITY SHOULD BE MEANS TESTED? Social Security today is ‘means’ tested in that your benefit payments, which are otherwise income tax free, become subject to inclusion in income for taxation purposes at $25,000 or $32,000 depending on your filing status.   Furthermore, anywhere from 50% to 85% [...]

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