Social Security Planning Archives

How to Get More From Social Security Part 1

August 27, 2014
David S. Chang

Social Security is a major source of income for most retirees and, on average, they depend on their benefit for about 36 percent of their income in retirement. Many people don’t realize that you may be able to collect more by taking advantage of spousal benefits and using social strategies such as “file and suspend” that […]

Social Security Numbers You Need To Know

July 23, 2014
David S. Chang

Maximizing your social security payments depends on the taxes you pay, your earnings history, the age you decide to take the benefits, and the dependents you have. Here are some important Social Security rules to pay attention to. $1,294: This is the average Social Security payment for 2014. The average for retired couples is $2,111. […]

5 Essential Facts on Your Social Security Statements

July 23, 2014
David S. Chang

The Social Security Administration back in April 2011 suspended mailing Social Security Statements to save money. Luckily, they added the ability view your online statements in May 2012. They recently announced that they would resume mailing the statements to some workers beginning September 2014. The paper statements will be mailed to workers who are not currently […]

July 5, 2014
David S. Chang

Getting Ready for Retirement When you retire, you have more control over your time, and finally have enough leisure to do what you want. While taking control of your time may not require a lot of advance planning, taking control of your retirement finances does. You need income you can count on, year in and […]