Last month a CPA from Austin wrote and asked me to comment on creating income alternatives when a client decides to postpone claiming Social Security benefits until age 70.  I most always recommend that the higher earning spouse should delay claiming benefits until age 70!  The reason is twofold;  #1  I want to capture the delayed credits of 8% per year between ages 66 – 70 (thus increasing benefits by 32%) and  #2  Upon the death of either the spouse the surviving spouse inherits the Continue reading →

This comedy came out in 1963 and got rave reviews, I think we could have a 2021 sequel!  This morning I read an article on DOGECOIN INSANITY.  Dogecoin is a cryptocurrency that was started as a JOKE last year and was priced at a fraction of a penny, today it is priced at $.59  and is up 7000% in the past year.  It’s market capitalization of over $ 77 Billion which is more than Federal Express, Ford Motor and most all other companies.  How can Continue reading →

When making a decision that one might have to live with for 30 years or longer and at a cost that might exceed $500,000 it might make sense to explore all the options and consequences of that decision before actually pulling the trigger!  But is amazes me on a weekly basis how many American’s make a decision on when and how to claim Social Security without understanding the long-term consequences of that decision! Many individuals make the decision based upon the ability to claim ASAP Continue reading →

  There is an old saying “when it rains, it pours” I’m not knocking rain we are in dire need of several inches or more.  However, 3 times in the last 2 weeks different issues regarding marriage and Social Security benefits have arisen that merit this month’s newsletter. Case #1 What is a Common Law Marriage and how does it affect Social Security Benefits Last week I was referred to a woman who lost your Common Law husband and wanted to determine if she qualified Continue reading →

Last week besides the historic cold front that we experienced, Rush Limbaugh passed away at 70 & 1 month.  Had he delayed claiming Social Security until age 70, he wouldn’t even have collected 1 check before passing away!  One might surmise that he should have claimed as early as possible which would have been 66 since he continued working up until his death.  As I’ve always say “if you tell me your check out date, I’ll tell you when to file for benefits.”  Now since Continue reading →