The Navigoe Blog

Category: Social Security

Social Security announces 2% inflation increase: what does it mean and how does it work?

Social Security has long been considered one leg of the “three-legged stool” of retirement planning. The other two being employer pensions and personal savings. However, employer pensions are quickly vanishing, and personal savings rates generally remain far too low to make up the difference. Of course, this amplifies the importance of Social Security as part…

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Maximizing Your Social Security Benefits, by Scott Leonard

Navigoe Founding Partner, Scott Leonard, penned an article for Time Magazine about how to maximize yourSocial Security Benefits.  The article was a real life case of a client who had made plans to begin Social Securityretirement benefits, but changed course when we showed him the possible benefit of waiting. Read the full article here: Maximize Your Social Security…

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Social Security: what it is and what it isn't

There are a lot of myths and misinformation about Social Security. You hear these things all the time, “it’s going broke” “I’ll never see a dime from Social Security” “I get less because I’m considered wealthy” “Social Security is a big ponzi scheme!” Well, it’s time to dispel the myths. I offer you my thoughts…

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Social Security Planning: Distributions for an unmarried person

Social Security planning is an often overlooked part of financial planning.  This is a potentially costly mistake.  Depending on your income level prior to retirement, Social Security retirement benefits will replace as much as 26-56% of your pre-retirement income.  Even more startling, for nearly a quarter of married retirees and half of unmarried retirees, Social…

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