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Social Security Sense
Social Security Sense
Social Security Sense
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Social Security Sense

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Social Security Sense provides practical knowledge on the Social Security claiming options and rules you must know before you file to begin benefits. This is a book that everyone age 55 or older should read before they begin their benefits - and it covers all the new rules that became law on Nov. 2, 2015.

The rules are complex and you may get less income if you aren’t aware of your choices. With Social Security Sense you’ll see easy-to-follow examples that show you how doing things one way vs. another can lead to more money for you. You’ll learn how to value your benefits and how to compare claiming choices in a fair and mathematically correct way. With a clear easy-to-understand outline of the rules, as well as pages of examples and references to online resources, you’ll be ready to make the best decision possible for you and your family.

This book:
•Shows you how to value your benefits
•Explains how inflation adjustments are applied to your future income
•Covers special rules that apply if you were born on or before January, 1 1954
•Provides comprehensive information for marrieds, divorcees, singles and widow/widowers
•Illustrates choices with over 15 tables showing real-life examples

LanguageEnglish
PublisherDana Anspach
Release dateDec 4, 2015
ISBN9781310634185
Social Security Sense
Author

Dana Anspach

Dana Anspach was born in Iowa City, then lived in St. Louis, Missouri, several places in Florida, and Grand Junction, Colorado before settling in Scottsdale, Arizona in 2001. When she's not working she enjoys motorcycles and motorcycle events, hanging out with her dog, a boxer/pit mix, and regular workouts at the gym.She has been practicing as a financial planner since 1995 and is the founder of Sensible Money, LLC, a registered investment advisory firm.Since 2008 she has been writing online as About.com's MoneyOver55 Expert. She also contributes to MarketWatch as one of their RetireMentors and has contributed to U.S. News & World Report's Smarter Investor blog.She graduated in the first class of Retirement Management Analysts(SM) in 2010, and serves as the Chair of the Practitioner Peer Review Committee for the Retirement Management Journal, a publication issued by the Retirement Income Industry Association (RIIA).She is also a Certified Financial Planner(TM), Kolbe Certified Consultant(TM), member of NAPFA (National Association of Personal Financial Advisors), FPA (Financial Planning Association), and RIIA (Retirement Income Industry Association).

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    Book preview

    Social Security Sense - Dana Anspach

    Social Security Sense

    For those age 60 to 70

    By Dana Anspach

    Copyright 2015 Dana Anspach

    Smashwords Edition

    "We can never insure one-hundred percent of the population against one-hundred percent of the hazards and vicissitudes of life. But we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age."

    -Franklin D. Roosevelt

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite ebook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

    Contents

    Disclosures

    About the Author

    Note from the Author

    Acknowledgements

    Introduction

    Chapter 1 – What Your Benefits Are Worth?

    Chapter 2 – Social Security Basics

    Chapter 3 – Social Security for Marrieds

    Chapter 4 – Widow/Widower Benefits

    Chapter 5 – Social Security for Divorcees, Singles & Dependents

    Chapter 6 –When You Have a Pension from Work Not Covered by Social Security

    Chapter 7 – Fixing Claiming Mistakes, Taxes, Check Dates and Wrapping Things Up

    Appendix – How Are Your Benefits Calculated

    Footnotes

    Disclosures

    While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors, nor editors, nor publisher can accept any legal responsibility for any errors or omissions that may be made. The author makes no warranty, express or implied, with respect to the material contained herein.

    Trademarked names, logos and images may appear in this book. Rather than use a trademark symbol with every occurrence of a trademarked name, logo or image, I use the names, logos and images only in an editorial fashion and to the benefit of the trademark owner, with no intention of infringement of the trademark.

    The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights.

    This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction, on microfilms or in any other physical way, and transmission of information storage and retrieval, or any other form of electronic adaptation, using methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system for the exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Anaday Publishing. Permission for use may be obtained by emailing anadaypublishing@gmail.com. Violations are liable to prosecution under the respective Copyright Law.

    About the Author

    Since 2008, Dana Anspach has been writing for About.com as their MoneyOver55 Expert. You are welcome to sign up for her free weekly newsletter on the About.com MoneyOver55 site. She also contributes to MarketWatch as one of their RetireMentors.

    Anspach has been practicing as a financial planner since 1995, and founded Sensible Money, LLC, in 2011. Sensible Money is a registered investment advisory firm in Scottsdale, Arizona, with a developed specialty in the area of retirement income planning.

    Dana is a Certified Financial Planner, Retirement Management Analyst, a Kolbe Certified Consultant, and a member of NAPFA (National Association Of Personal Financial Advisors), FPA (Financial Planning Association), and an active member of RIIA (Retirement Income Industry Association).

    As an expert in her field, she has spoken for numerous organizations, associations, and conferences on the topic of retirement planning and interacts regularly with readers and clients on these topics. Anspach believes the retirement income planning process is not static; it is alive with choices and variables. To make the best decisions, consumers need a way to understand the interactions of the choices they make and the corresponding impact on their future. To trust the information they see, they need an independent voice that provides information free of the influence of politics, financial products, or media articles that are advertising in disguise. As her clients can tell you, Dana Anspach is that independent voice.

    Note From the Author

    Some of you have been following my work for years. Thank you for all your kind words. And thank you to those of you who take the time to send corrections. If you spot a potential error, feel free to email me at moneyover55@gmail.com with the subject line SSS book correction.

    It takes an entire team of people to proof a book that has technical information. We have done our best to make sure everything is accurate but there can be no guarantee that we have not made errors. And of course the laws and rules can change at any time.

    I believe Social Security should be claimed as part of a plan – it should not be a decision made in isolation. With that in mind remember I don’t know your personal circumstances. Nor does any journalist, TV or radio commentator. Nor can I offer advice or recommendations via email.

    It is up to you and your financial or tax advisors to determine a final course of action that is appropriate after considering not only your financial circumstances, but also your values and beliefs.

    My goal is to arm you with accurate information so that when it comes time to choose a course of action, the choice you make will be an informed one.

    Acknowledgements

    To my first financial planner, Les Zetmeir. You started it all. You showed me what financial planning is really all about.

    Joe Elsasser, I cannot thank you enough for promptly answering all my Social Security questions and taking the time to explain things to me. You are a Social Security saint. And

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