Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less Paperback – September 28, 2012
Customers who bought this item also bought
What other items do customers buy after viewing this item?
From the Author
Note: A newer version of this book is available (published February 2017). Please click "See all 3 formats and editions."
If you are a seller for this product, would you like to suggest updates through seller support?
Top Customer Reviews
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.
The book provides both some facts and the guidance for using these facts. For example, it describes the advantages of delaying Social Security but also lists the circumstances when people should take it earlier rather than later.
If you are interested in the Windfall Elimination Provision (WEP) and Government Offset, there is information on that, too.
In summary, the book provides a lot of very useful information within small space. Great Job!
However, much of the advice is centered around the idea of spending down my own savings first in order to delay getting Social Security, so that the monthly benefit will be more. I'm not comfortable with that idea, because, as we all know, the Social Security program is facing a tough future with major cutbacks. What if I spend down my savings, and then benefits are cut drastically just before I'm ready to start collecting them? Will I end up having to go back to work although advanced in years? I didn't feel that the author addressed this possibility, which I think is very real. I'm going to get my financial advisor's opinion on this before making any plans to do it this way.
The book is organized into bite-sized pieces that lets you easily focus on your specific situation (Single, working spouse, spouses with unequal earnings histories, non-working spouse, etc.). It explains the rational behind the decision making for the 'when to file' decisions.
This book has helped me tweak my strategy for when to claim and has made me much more confident about my decision. Well worth the price!