Search Results for: social security alone

Critter Corner: Can My Sister Retire on Social Security Alone?

Dear Commander Bun Bun, My sister seems to think that she can live on Social Security alone. Do you think that is possible, and if so, do you have any tips I can share with her? Thanks, Nada Nuffmunney --- Dear … [Read more...]

Can You Retire On Social Security Alone?

While it's generally a good idea to supplement your Social Security income with a traditional pension or personal savings, millions of people count on Social Security as their primary source of retirement income. According to … [Read more...]

Critter Corner: What is the Social Security Cost of Living Adjustment for 2021?

Dear Oakley, What is the Social Security Cost of Living Adjustment for 2021, and how is COLA calculated? Thanks so much! Maura Monney --- Dear Maura, The Social Security Administration announced this week that the … [Read more...]

Critter Corner: Social Security Strategies for Solo Agers

Dear Angel, I am 61 and considering whether to take my Social Security benefits next year or to wait. I am single and don’t have any children. Do you have any tips for someone in my situation? Thanks for your help! Earl … [Read more...]

Will the Coronavirus Pandemic Affect Social Security?

Mike is 58 and hopes to retire from the government in seven years. His wife Diane will be 56 in the spring and plans to retire when Mike does. Similar to most people these days, they are staying at home and have had some time to … [Read more...]

Take Advantage of This Popular Social Security Claiming Strategy Before It Ends This Year

Fred is 68 and collecting Social Security. His wife Lisa will be 66 in the spring and plans to retire. To maximize her Social Security, Lisa is considering filing for spousal benefits at 66 and then delaying the filing for her … [Read more...]

Critter Corner: How to Avoid Being a Victim of a Social Security Scam

Dear Ribbit, I heard that there has been an upsurge in Social Security scams lately. What are they about and how can I avoid them?  Thanks! Lee Vameealone --- Dear Lee, You are correct. The Social Security … [Read more...]

Social Security is 83! How to Get the Most Out of the Program

Q. My husband and I are approaching 62 years old, the year when we both first qualify for Social Security. Now that we’ve reached this point, I have a few questions about the program. I was wondering what the advantages are of … [Read more...]

Critter Corner: What If I Claimed Social Security Too Early?

Dear Magic, In June of 2010, when I was 62 years old, I decided to quit working and take Social Security. I was afraid Social Security might go away before my full retirement age, or that I might die before that time, so I went … [Read more...]

Do You Need a Representative Payee for Social Security if You Have a Financial Power of Attorney?

Q1. My long-time friend, Ellie, is a widow who lives alone and never had children. Without family members to help, and dealing with her own dementia-related challenges, she’s finding it more and more difficult to manage her … [Read more...]