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Social Security Leveling- State Employees Beware!

by Steve | Sep 5, 2018 | Questions and Answers

I recently spoke with an NC State Employee who had worked for the State of NC for 30 years but was only 56. They had discussed retirement options with the State Retirement System and were under the impression they could start Social Security early. However, what they...

A friend said that she went to Social Security and they told her to take the benefit as early as possible. Is this good advice?

by rrmad | Sep 7, 2016 | Questions and Answers

Answer: Firstly, Social Security offices are not authorized to provide advice; their role is strictly paperwork processing. Completing paperwork during your visit might be convenient for them to avoid future tasks. However, determining whether it’s optimal for...

Shouldn’t I take Social Security early since they are broke?

by rrmad | Sep 7, 2016 | Questions and Answers

Answer: One prevalent myth about Social Security is its financial solvency. Contrary to popular belief, recent audited reports reveal a surplus, projected to continue until 2023. After this, outflows are expected to surpass inflows, depleting the surplus over...

I don’t know how long I will live so should I take Social Security early?

by rrmad | Sep 7, 2016 | Questions and Answers

Answer: Good question. It actually depends. There are basically 4 variables that come into play when calculating the optimal benefit from Social Security. It is very complicated as you have to look at your age, your work history, your marital status, and how long you...

I have heard that I could get half of my Spouse’s benefit when I retire? Is this true?

by rrmad | Sep 7, 2016 | Questions and Answers

Answer: The spouse’s benefit depends on various factors. They are entitled to the greater of half of their spouse’s benefit or all of their own benefit, whichever is highest. If you reached 62 by December 31, 2015, you might qualify for the restricted...

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