New retirees can use monthly rather than annual earnings limit.
But break-even period can be at least 20 years.
Earnings restrictions disappear at full retirement age.
New retirees can use monthly rather than annual earnings limit if they want to avoid a reduction in their Social Security benefits. In 2014, a person younger than full retirement age for the entire year is considered “retired” if monthly earnings are $1,290 or less.
The best way to help financial advisers understand the often-complex Social Security rules is to pose real-life client situations — typical of the questions I receive every day. And that's what I did at this year's Retirement Income Summit.
Retirement expert Mary Beth Franklin details the importance of adjusting client investment portfolios to cover the costs of long-term care.
Mary Beth Franklin tackles three questions about Social Security survivor benefits. The questions are similar and the answer may surprise you.
Agency still urges all Americans to create online accounts
Earnings restrictions affect you and your spouse if you are working and collecting benefits, but they disappear at full retirement age.
The career asset working capital fund is a reserve fund separate from a client's emergency cash reserves.
