38 of 38 people found the following review helpful
Social Security can be complicated. This book simplifies it.,
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This review is from: Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less (Paperback)
Let's be honest. Social Security can be complicated. Forget all of the political aspects of the program, but if you've been putting money into the system, it affects you. The problem is that once you're eligible to start receiving benefits, it isn't as simple as filling out a form and collecting checks. There are so many different rules, income limitations, age requirements, cut-offs, that it can drive a person mad.
So, should you start collecting as soon as you're eligible, or should you wait a few years until you can receive your full benefit? How much money can you make in retirement before it starts affecting your Social Security? Are your benefits taxed? What if you have a spouse, how will their benefits impact you? What happens if I already have a pension? And have you heard people talk about WEP? These are all common concerns that will affect all of us, and if you just tried to get the information from the Social Security website itself, you'd end up more confused than when you started.
That's why I think this book should be in the hands of anyone who is serious about their finances. Even if retirement is still years away, you will still be facing many of these decisions even if the specific numbers change over time. The author does a great job of breaking down this complicated program into its important components so you can find out what's important to you and get the information you need. There's no silver bullet or magic number when it comes to Social Security, so this book will guide you and inform you so that you can make the best decision for you instead of relying on some generic advice you find online or hear on TV.
It's short, it's an easy read, and it's to the point without making things any more complicated than it needs to be.