Benefits Archives - DR News - News, Retirement, Finance

Retirement: 3 Things to Know about Social Security Benefits Before You Retire Early

Atlanta, GA – If you’re considering early retirement, understanding the implications of claiming Social Security benefits early is crucial. Making the right choice about when to claim benefits can significantly impact your retirement income. Before making any decisions, it’s important to be aware of three key factors that can affect your Social Security benefits. Firstly, claiming benefits before reaching full retirement age will result in a lower benefit amount. While some may be able to …

Maximizing Your Spousal Benefits After a Divorce: Requirements and Timing

Chicago, Illinois – Many individuals in Chicago receive Social Security benefits based on their own work history. However, there is an option for those who may instead claim retirement checks based on their spouse’s work record. These benefits, known as spousal benefits, allow individuals to receive as much as half of the full benefit owed to their husband or wife. Spousal benefits may be particularly advantageous for individuals whose spouses have earned more than them. …

Sentenced: PA Man Posed as Dead Father to Steal Social Security Benefits

BRODHEADSVILLE, PA – A Pennsylvania man, Timothy Gritman, was sentenced to five years in prison this week for concealing his father’s death and continuing to collect his deceased father’s social security benefits and pension. Gritman, 56, of Brodheadsville, also faced an additional three years of supervised release following his prison sentence, as announced by the U.S. Attorney’s Office for the Eastern District of Pennsylvania. Prosecutors revealed that Gritman’s father, Ralph Gritman, was 79 years old …

Bipartisan Commission to Expand Public Scrutiny Over Entitlement Programs for Social Security and Medicare Benefits

Hartford, Connecticut – A heated debate on Capitol Hill surrounds the proposal for a fiscal commission aimed at accelerating deficit reduction measures. The controversial plan, already facing opposition from conservative groups, is now also under fire from the left. The legislation in question seeks to establish a bipartisan, bicameral commission tasked with developing a plan to tackle the growing deficit, requiring Congress to vote on it without the ability to make amendments. Representatives from labor …

15,000 People Could Receive £7,000 Boost with Benefits Calculator Check, Findings Show

LONDON, UK – A recent analysis of benefits calculations has revealed that approximately 15,000 individuals could potentially receive an additional £7,000 in support. This discovery has brought attention to the potential financial assistance that many may have previously been unaware of. The benefits calculator check has shed light on the possibility of individuals significantly increasing their financial well-being by taking advantage of available support. This news has sparked discussions and raised awareness about the importance …

Excessive Social Security Benefits Paid to Top Earners in UK Comparison

London, UK – Social Security benefits in the UK are paying out excessive amounts to individuals in the highest income brackets, according to a comparison conducted by the Cato Institute. The findings reveal a disparity in benefit distribution, sparking concerns about the fairness and efficiency of the system. The report from the Cato Institute highlights that the current Social Security system in the UK is disproportionately benefitting the highest-earning individuals. This raises questions about the …

Social Security Retiree Returns to Work: Here’s How It Can Impact Your Benefits

Raleigh, NC – Many retirees find themselves returning to the workforce after experiencing the unexpected high costs of retirement. Not only can retirement leave individuals craving the structure and social interaction that a job provides, but it also has a sneaky way of being more expensive than anticipated. As a result, some retirees decide to reenter the workforce to drum up extra income and ward off the boredom that comes with having little to do …

Pennsylvania Man Sentenced to 5 Years for Stealing Father’s Social Security and Pension Benefits

Brodheadsville, Pennsylvania – A man from Brodheadsville, Pennsylvania has been sentenced to five years in prison after being found guilty of stealing his deceased father’s Social Security and pension benefit payments. Timothy Gritman, 56, pleaded guilty to wire fraud and Social Security fraud after it was discovered that he had stolen over $200,000 of his late father’s benefits. According to U.S. Attorney Jacqueline Romero, Gritman chose financial gain over ensuring a dignified death for his …

Pennsylvania Man Sentenced to 5 Years for Stealing Deceased Father’s Social Security and Pension Benefits

Brodheadsville, Pennsylvania – A man from Brodheadsville, Pennsylvania has been sentenced to five years in prison after being accused of concealing his father’s death to fraudulently obtain his Social Security and pension benefits. 56-year-old Timothy Gritman pleaded guilty to wire fraud and Social Security fraud after an investigation revealed that he had unlawfully obtained $204,985 in benefits belonging to his deceased father. According to U.S. Attorney Jacqueline Romero, Gritman prioritized financial gain over his father’s …