Social Security Planning

Step one to the Social Security Analysis is obtaining the necessary information.

Once you set up your new login, the next time you return to Social Security, you can login using the “Sign in with LOGIN.GOV” button instead and your new credentials.

Social Security has a number of flaws, to which these static tax brackets can be added.

Every day, we voters and the government have the chance to free our children from this burden.

There are at least two reasons why your Social Security benefits are failing to keep up with inflation.

If you receive Social Security benefits, the portion of those benefits which will be taxable depends on your income. The taxable portion can be anywhere from 0% to a maximum of 85% of your benefits.

On Tuesday, August 10, 2021, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about Systemic Inequality in the Social Security Rules.

Social Security as it exists today is a failure either way you look at it.

If you are still in your 60s, the good news is your decision doesn’t have to be permanent. You actually have two ways in which you can change your benefit amount.

For people of all ages, we recommend creating a “my Social Security” account today so that someone else doesn’t create an account for you.

Every day, the government has the chance to free our children from this burden.

Social Security just turned 84 years old today (August 14, 2019). It has stayed alive on the false sentiment of sunk costs.

I was always met with the following error message: “We cannot create an account for the Social Security number you entered.”

Even though is often the worst choice, most people take Social Security as early as possible, at age 62. This decision reduces lifetime benefits by hundreds of thousands of dollars.

While taking Social Security at age 70 is not optimal for everyone, age 62 is optimal for almost no one.

Contrary to the normal way of things, this time what Uncle Sam gives with the IRS, he takes away with the SSA.

The Bipartisan Budget Act of 2015 ends two very profitable Social Security optimization techniques that allowed some savvy beneficiaries to take up to $50,000.00 in additional lifetime income.

Carefully computing and adding your Social Security early retirement safe withdrawal rate can safely boost your early retirement standard of living without jeopardizing your future finances.

Those costly mistakes are a fifth of a million dollars in most cases.

“I’m 58 and I’ve been married and divorced twice. …I realize this is complicated, but you gotta love the 70’s!”

Even half of what they collect in Social Security could provide a better private benefit.

If you’re getting divorced or remarried, “for better or for worse” and “for richer or for poorer” can have real meaning for Social Security benefits. Most retirees are uninformed about how Social Security benefits are calculated, and often overlook how their change in marital status affects this critical retirement asset.

Beginning in September 2014, SSA will resume mailing paper statements to workers every five years.

Most survivors are uninformed about how Social Security benefits are calculated and often overlook a careful analysis of this critical retirement asset.

Social Security withdrawals have enslaved workers to depend on government largess when they could have been independently wealthy.

Social Security benefits can represent a big stack of cash. A typical monthly benefit of $2,200 has a present value well over $500,000. Consider all your Social Security options carefully to avoid making a costly mistake.

Even the Social Security withdrawals of average workers would produce millionaires if they were allowed to be saved and invested in private accounts.

Social Security Case Study: The names have been made up, but the problems are real.

Both economists and reasonable citizens understand that reforming our Social Security system is inevitable.

A good deal of misinformation is published about a so-called Social Security earnings penalty. Many are led to believe that if they earn money while collecting Social Security, they’ll lose some of this benefit forever.

Most married men claim Social Security at age 62 or 63, which leaves their future income well shy of what research indicates is optimal. Gentlemen, it’s time to wise up.

Do any of these ideas suggest any incentive for the highly productive to continue producing?

You should claim your own Social Security account online and give it a secure password before someone else does.

It is estimated that as many as 40,000 American citizens reside in Costa Rica, and many are retirees who are stretching the purchasing power of their Social Security paychecks.

David John Marotta and Matthew Illian were interviewed on radio 1070 WINA’s Schilling Show discussing Social Security and how to get the most from filing at the right time.

There are several options to claim retroactive Social Security benefits. Some retirees will find it beneficial to turn back the clock in order to receive large one-time checks when they first file.

“Deciding when to take Social Security benefits is critically important to maximizing long-term benefits. Benefits may be claimed as early as age 62, or as late as 70.”

David John Marotta and Matthew Illian discuss how to get more from Social Security by filing at the right time and taking benefits at the right time.

Social Security benefits can represent a big stack of cash. A typical monthly benefit of $2,200 has a present value well over $500,000. Consider all your Social Security options carefully to avoid making a costly mistake.

“How can you respond if these new taxes are enacted? One option is to do a Roth conversion so that you can pay taxes now for those retirement funds.”

Q: My husband and I divorced several years ago, and I am about to turn 62 in December. Since my ex-husband (he’s a year older) and I parted ways, we don’t talk. Can you please explain the Social Security benefits due to a divorced spouse?

To solve the deficit reduction riddle, Obama reportedly is embracing an idea that purports to raise tax revenue without a tax hike and claims to cut Social Security outlays without cutting benefits. Better check your wallet.

Future earnings and the potential for Roth IRA conversions should be part of your plan.

Healthy spouses with little earnings should encourage their partners to delay filing.

Filing early and then repaying is the least dangerous for those who are single or for a husband and wife whose benefits are roughly equal.

Dying young never jeopardizes a retirement plan financially.

Filing early exacts a steep price.

Your filing option choices may be worth $250,000 of income or more.

Privatization eliminates benefits for those who can do better with 5% of their payroll taxes than the government does with the entire 12.4%.

All this toil to maintain an average benefit of about $12,000 a year!