Anspach - Social security sense: for those age 60-70

Social Security Sense

For those age 60 to 70

By Dana Anspach

Copyright 2015 Dana Anspach

Smashwords Edition

We can never insure one-hundred percent of thepopulation against one-hundred percent of the hazards andvicissitudes of life. But we have tried to frame a law which willgive some measure of protection to the average citizen and to hisfamily against the loss of a job and against poverty-ridden oldage.

-Franklin D. Roosevelt

This ebook is licensed for your personalenjoyment only. This ebook may not be re-sold or given away toother people. If you would like to share this book with anotherperson, please purchase an additional copy for each recipient. Ifyoure reading this book and did not purchase it, or it was notpurchased for your use only, then please return to your favoriteebook retailer and purchase your own copy. Thank you for respectingthe hard work of this author.

Introduction

Footnotes

While the advice and information in this bookare believed to be true and accurate at the date of publication,neither the authors, nor editors, nor publisher can accept anylegal responsibility for any errors or omissions that may be made.The author makes no warranty, express or implied, with respect tothe material contained herein.

Trademarked names, logos and images mayappear in this book. Rather than use a trademark symbol with everyoccurrence of a trademarked name, logo or image, I use the names,logos and images only in an editorial fashion and to the benefit ofthe trademark owner, with no intention of infringement of thetrademark.

The use in this publication of trade names,trademarks, service marks, and similar terms, even if they are notidentified as such, is not to be taken as an expression of opinionas to whether or not they are subject to proprietary rights.

This work is subject to copyright. All rightsare reserved by the Publisher, whether the whole or part of thematerial is concerned, specifically the rights of translation,reprinting, reuse of illustrations, recitation, broadcasting,reproduction, on microfilms or in any other physical way, andtransmission of information storage and retrieval, or any otherform of electronic adaptation, using methodology now known orhereafter developed. Exempted from this legal reservation are briefexcerpts in connection with reviews or scholarly analysis ormaterial supplied specifically for the purpose of being entered andexecuted on a computer system for the exclusive use by thepurchaser of the work. Duplication of this publication or partsthereof is permitted only under the provisions of Copyright Law ofthe Publishers location, in its current version, and permissionfor use must always be obtained from Anaday Publishing. Permissionfor use may be obtained by emailing .Violations are liable to prosecution under the respective CopyrightLaw.

Since 2008, Dana Anspach has been writing forAbout.com as their MoneyOver55 Expert. You are welcome to sign upfor her free weekly newsletter on the About.comMoneyOver55 site . She also contributes to MarketWatch asone of their RetireMentors .

Anspach has been practicing as a financialplanner since 1995, and founded Sensible Money,LLC , in 2011. Sensible Money is a registered investmentadvisory firm in Scottsdale, Arizona, with a developed specialty inthe area of retirement income planning.

Dana is a Certified Financial Planner,Retirement Management Analyst, a Kolbe Certified Consultant, and amember of NAPFA (National Association Of Personal FinancialAdvisors), FPA (Financial Planning Association), and an activemember of RIIA (Retirement Income Industry Association).

As an expert in her field, she has spoken fornumerous organizations, associations, and conferences on the topicof retirement planning and interacts regularly with readers andclients on these topics. Anspach believes the retirement incomeplanning process is not static; it is alive with choices andvariables. To make the best decisions, consumers need a way tounderstand the interactions of the choices they make and thecorresponding impact on their future. To trust the information theysee, they need an independent voice that provides information freeof the influence of politics, financial products, or media articlesthat are advertising in disguise. As her clients can tell you, DanaAnspach is that independent voice.

with the subject line SSS book correction.

It takes an entire team of people to proof abook that has technical information. We have done our best to makesure everything is accurate but there can be no guarantee that wehave not made errors. And of course the laws and rules can changeat any time.

I believe Social Security should be claimedas part of a plan it should not be a decision made in isolation.With that in mind remember I dont know your personalcircumstances. Nor does any journalist, TV or radio commentator.Nor can I offer advice or recommendations via email.

It is up to you and your financial or taxadvisors to determine a final course of action that is appropriateafter considering not only your financial circumstances, but alsoyour values and beliefs.

My goal is to arm you with accurateinformation so that when it comes time to choose a course ofaction, the choice you make will be an informed one.

To my first financial planner, Les Zetmeir.You started it all. You showed me what financial planning is reallyall about.

Joe Elsasser, I cannot thank you enough forpromptly answering all my Social Security questions and taking thetime to explain things to me. You are a Social Security saint. Andto you and your team the speed at which you were able to updateyour software to reflect the new Social Security rules wasastonishing and was a huge help to those of us who needed toquickly see how the changes might affect our clients. Amazingstuff.

Larry Kotlikoff, thank you for all of ourconversations, for allowing me to run scenarios using yoursoftware, and most of all for encouraging me to continue mywork.

To my team at Sensible Money; Jody Hulsey,Brian Duvall Kathy Mealey, Chuck Robinson, Suzanne Nagel, andMichelle Buonincontri - I could not have completed this withoutyou. Thank you for your support, hard work, and for your amazingdedication to our clients. Brian thank you for your detailed reviewof my calculations. I wouldnt want to write something like thiswithout you there to review it.

Since 2008 I have been writing an onlineadvice column called MoneyOver55. At my first annual review myeditor asked me to write more content about Social Security. Ibegan reading everything I could find on the topic and writing asmuch as I could about it. It soon became my most popular topic.

As I added content, readers began asking mequestions. Many questions I receive are from informed readers whoare trying to employ a suggestion in one of my articles, but whenthey go to the Social Security office they are told they cannot dowhat I say they can do. They write to me asking for a link to thesource of my information. I send them back a link to SocialSecuritys own website. I love it when they share their storieswith me. This was a thank you note I received from one reader,

Dana,

Just wanted to let you know the outcome. The Soc.Sec. administration is letting me take my own (very modest)retirement benefit now at age 62, with the understanding that I'llswitch to the much larger widow's benefit when I turn 66. They'vestarted sending me the checks already. They didn't give me anytrouble at all, to my surprise and relief. I went in there preparedto do battle, which proved unnecessary, but the fact that I arrivedarmed with information made me feel very comfortable and prepared.Thanks for your help!