Maximize $ocial $ecurity: Secure your retirement with step-by-step instructions after the November 2015 legislation

By AJUIVU

Maximize $ocial $ecurity explains the basics and reveals expert secrets. Make knowledgeable, forward-thinking, and rational long-term financial decisions. Identify all types of benefits for which your family might be eligible. Maximize lifetime payments with step-by-step instructions to get the most from Social Security. Read only a small subset of chapters. Broken into Parts I-XI, you can rapidly skip over multiple chapters irrelevant to your retirement planning. The "how to" format condenses multifaceted issues down to the bare essentials. Invest a minimum amount of time by rapidly reviewing only topics applying to you. Chapters begin with "CAN YOU SKIP THIS CHAPTER?" Read this ultra-short overview and fast forward past chapters not relevant to your planning. "Important Things to Remember" in key chapters summarizes critical facts and secrets to maximizing lifetime Social Security payments. After reviewing the fundamentals, explicit step by step instructions provide directions to maximize lifetime payments for a large number of different factual settings. Similarly situated people only need to read a small number of chapters to understand their optimum claiming strategy. The fundamentals and the expert secrets are applied in greater detail in numerous (and often humorous) Example Analyses. Part I examines the basics and important terminology, and discusses the longevity perspective to adopt in collecting benefits. Part I briefly summarizes the pitfalls of early collection. Part II reviews the retirement benefit of a wage earner, the auxiliary benefit available to a dependent child, and the cap on total payments if the Family Maximum Benefit applies. Part III discusses tools to use in maximizing lifetime Social Security payments. Among the tools is the accumulation of Delayed Retirement Credits. Part IV reveals the optimum claiming strategy for a single person (never married, or any marriage ended in divorce after less than ten years of marriage). Part V discusses the strategies for a divorced person or a married couple. Part V-A provides optimum claiming strategies for a person eligible for a divorced spousal benefit (divorced after a marriage that lasted at least 10 years). Part V-B provides optimum claiming strategies for a married couple. Part VI discusses each of the survivor benefits other than surviving spouse or ex-spouse. Part VII reveals the straightforward to implement and hugely beneficial optimum claiming strategies for the surviving spouse or surviving ex-spouse. Part VIII explains the reduction in benefits that might occur if you (or a spouse or ex-spouse) are collecting a pension based on non-covered earnings (earnings from an employer that does not pay Social Security taxes). Part IX discusses the calculation of the wage earner's monthly retirement benefit. The detailed explanation includes tables summarizing how your monthly payment might be increased by working additional years. Part X includes aggressive strategies and several additional Example Analyses of greater complexity, including two chapters providing a road map for married couples on how the optimum claiming strategy might vary based on each spouse dying at three different ages. Part XI considers a few additional miscellaneous topics. The final topic is applicable to all, since the last chapter explains applying for each type of benefit.

• Format: Paperback
• Language: English
• ISBN: 1535178906
• ISBN13: 9781535178907
• Release Date: August 2016
• Publisher: CreateSpace Independent Publishing Platform
• Length: 460 Pages
• Weight: 2.17 lbs.
• Dimensions: 10.0" x 1.0" x 7.0"