Social Security laws have evolved, making it crucial for you to stay informed. Get What's Yours has been thoroughly revised to include significant changes effective from April 29, 2016, making it a must-have for anyone approaching retirement. Written by leading financial experts, this handbook demystifies the complicated world of Social Security and offers strategies to help you maximize your benefits.
The book serves as an engaging manual filled with practical tactics and strategies. Instead of getting lost in the 2,728 rules and countless explanations of the Social Security system, well-known authors such as Kotlikoff, Moeller, and Solman provide a comprehensive yet understandable analysis that is invaluable for retirees. Did you know that making incorrect decisions about the type of benefits to apply for could potentially cost you tens of thousands of dollars in lost income? This book addresses such pitfalls and equips you with the knowledge to make informed decisions.
With the changes introduced in 2016, it's imperative now more than ever to consider waiting until age 70 to claim your Social Security benefits. This revised edition not only discusses this strategy but also important aspects regarding divorced spousal benefits that many may not even be aware of. Additionally, it includes a crucial chapter detailing how Medicare rules can affect your Social Security decisions.
Beyond just addressing married couples, this book covers various scenarios including divorced retirees, widows, and widowers, as well as retired parents of dependent children. It also addresses the significant tax consequences of your Social Security choices and their potential impact on your overall financial portfolio.
With a growing population of over 52 million Americans aged 54 to 69, and 10,000 reaching Social Security’s full retirement age of 66 every single day, Get What's Yours serves as not just a guide, but an essential tool for you and your family as you navigate these critical decisions.
