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Personal Finance After 50 For Dummies, 2nd Edition
book

Personal Finance After 50 For Dummies, 2nd Edition

by Eric Tyson, Robert C. Carlson
September 2018
Beginner content levelBeginner
480 pages
10h 40m
English
For Dummies
Content preview from Personal Finance After 50 For Dummies, 2nd Edition

Chapter 10

Making Your Best Choices under Social Security

IN THIS CHAPTER

check Understanding Social Security retirement benefit calculations

check Determining the best age for you to begin benefits

check Understanding your options for increasing benefits when you’re married (or have been)

check Avoiding lost benefits from working

check Reducing taxes on Social Security benefits

Social Security is one of the least understood components of senior Americans’ personal finances. Traditionally, income during retirement comes from a combination of three sources, often referred to as legs of a three-legged stool. The three legs are employer pensions, personal savings, and Social Security. Many Americans generally take the Social Security leg for granted and don’t give it much thought.

However, this leg is quite important as you attempt to get a firm grasp on your personal finances. Too few people take the time to understand their options and the effects of their decisions about Social Security. And most financial advisors ...

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Publisher Resources

ISBN: 9781119543633Purchase book