Claiming Archives - DR News - News, Retirement, Finance

Defiant Trump Brags and Boasts at Deposition, Claiming He Prevented Nuclear War in New York Civil Fraud Trial

New York, NY – Months before his civil fraud trial, former President Donald Trump sat for a deposition with the state attorney general who is suing him at her Manhattan office. Video footage of the seven-hour session, which took place last April, was made public on Friday. The footage revealed Trump’s demeanor going from calm to indignant, with him ripping into the lawsuit against him as a “disgrace” and “a terrible thing.” During the deposition, …

Survivor’s Benefits: Claiming Social Security Payments for Spouses and Dependents of Deceased Workers

Chicago, IL – The Social Security Administration (SSA) provides crucial support to the spouses and dependents of deceased workers, with approximately 11 percent of the agency’s payments directed towards this demographic. When a person who is eligible to receive Social Security benefits passes away, the law stipulates that their family can claim these benefits. Survivors are advised to act promptly in applying for survivor’s benefits, as many payments are not retroactive. Qualifying widows/widowers can receive …

Retirement Study Reveals Challenges for Social Security Claiming

Los Angeles, CA – Planning for retirement is a crucial part of financial stability in the later years of life. Whether it’s deciding when to start claiming Social Security benefits or how to allocate investments, making informed decisions can greatly impact one’s financial well-being. In a recent newsletter dedicated to retirement planning, several key insights were shared to help individuals navigate the complexities of preparing for retirement. One important aspect discussed was the timing of …

Retirement Dilemma: Is Claiming Social Security at 62 Worth It?

New York, United States – When it comes to retirement planning, one of the crucial decisions to make is when to start collecting Social Security benefits. Many individuals opt to begin receiving these benefits as soon as possible, typically at age 62. Recent data from the Social Security Administration reveals that age 62 is the second most popular age for initiating Social Security retirement benefits, with nearly a quarter of seniors choosing to do so. …

Retiree Shares Experience of Claiming Social Security Benefits at 62 Instead of SSI

Springfield, Illinois – A retiree in Springfield, Illinois recounts a challenging decision to start receiving Social Security retirement benefits at the age of 62 instead of Supplemental Security Income. This choice was influenced by the need for immediate financial assistance, highlighting the complex financial decisions many retirees face. The retiree shared that factors such as rising medical costs, unexpected expenses, and limited savings led to the early application for Social Security benefits. This experience shed …

Retirement: Data Reveals Claiming Social Security at 70 Maximizes Lifetime Income

Los Angeles, California – Social Security benefits play a crucial role in the financial security of many elderly Americans across the country. According to a recent report from the Transamerica Center for Retirement Studies, over 40% of baby boomers rely on their monthly Social Security checks as their primary source of income during retirement. Making informed decisions about when to start receiving these benefits can significantly impact the size of one’s monthly payments. Deciding when …

Remarried and Divorced: Claiming First Husband’s Social Security – What You Need to Know

Retirees in Myrtle Beach, South Carolina may wonder about their options regarding Social Security benefits after remarriage and divorce. Many individuals face the question of whether they can claim their first spouse’s Social Security benefits despite remarrying and divorcing. This is a common concern among those navigating the complexities of Social Security regulations. When it comes to Social Security, there are specific rules regarding claiming benefits based on a former spouse’s work record. In general, …

Social Security: Dave Ramsey Advises Claiming Benefits Early and Investing for Bigger Returns

Atlanta, Georgia – Renowned financial expert Dave Ramsey has sparked controversy with his unconventional views on Social Security benefits. Ramsey, a vocal critic of the program, has referred to Social Security as a “stupid thing” and a “mathematical disaster,” expressing his disdain for how it impacted his finances over the years. His perspective on when to claim Social Security benefits has challenged conventional wisdom in the financial industry. Ramsey advocates for individuals to collect Social …

Benefits: 3 Unique Circumstances to Start Claiming Social Security Early

New York, USA – While most people associate Social Security retirement benefits with turning 62, many younger individuals in diverse circumstances are receiving checks daily, some even before reaching adulthood. However, the eligibility to claim benefits before the age of 62 is restricted to specific situations. One opportunity arises through Social Security disability (SSDI) benefits, designed for qualifying disabled workers with a certain number of work credits. The stringent criteria include meeting the Social Security …