Fri, October 16, 2009
2010 Limits for Retirement Plans, Social Security Wage Base Announced
Despite a decline in the Consumer Price Index (CPI), major retirement plan limits remain unchanged. Read the full article
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Fri, October 16, 2009
Despite a decline in the Consumer Price Index (CPI), major retirement plan limits remain unchanged. Read the full article
Mon, June 01, 2009
Each year the trustees of the Social Security/Medicare trusts are required to report on the status of the trust funds. Last month, having included the effects of the recession in their projections, they released a new report. The news is not good. Read the full article
Thu, March 19, 2009
Researchers over at Boston College’s Center for Retirement Research have analyzed the “interest-free loan” opportunity presented by the loophole in Social Security that I’ve discussed before. Once their findings reach Congress, I’m betting this loophole gets closed. Read the full article
Wed, July 09, 2008
A couple of months ago, I discussed a loophole in the Social Security law that allows current retirees to pay back the benefits they've received (without interest) and restart the Social Security clock at a higher benefit level. Recently, I discovered two additional unusual Social Security strategies. Read the full article
Mon, May 12, 2008
An idea that seems to have gained a lot of attention through an article by financial journalist Scott Burns is worth examining. Basically, the idea is this: you retire at 62 and apply for Social Security benefits, which are reduced because you’re retiring early. Then, at age 70, you withdraw from Social Security, pay back the benefits you’ve received, and reapply. Now you receive a much bigger Social Security check. Read the full article
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