By Stanley F. Ehrlich

January 3, 2017

Happy New Year! Best wishes for a healthy, happy, and prosperous 2017.

As the year drew to a close, we moved into the prediction silly season. In an often futile attempt to predict and outsmart the markets, print, on-line, and television media were filled with pundits predicting the markets will go up (or down); interest rates will rise (or fall); housing prices will climb (or drop); and on, and on. It’s an inevitable occurrence.

Thus, I think it’s only fitting that I make at least one prediction, a prediction I am confident has a 100% probability of occurrence. Unfortunately, I’m unable to tell you the date when it will occur, as my predictive powers are somewhat limited.

By Stanley F. Ehrlich

January 3, 2017

I often tell my near 95-year old mother that we’re in charge of our bodies when it comes to doctors, but I’m constantly reminded that I’m dealing with someone from a generation who scrupulously listened to everything a doctor said.

By Stanley F. Ehrlich

January 3, 2017

As every client, prospect, friend, the Shop-Rite fishmonger, and my spouse can all attest, I think it’s important to discuss what people are going to do in retirement. (I know what they’re not going to do: work...but what are they going to do.) Some tell me they don’t need my help (e.g., my spouse), while others tell me they’re going to continue selling fish for a living (e.g., the fishmonger).

By John Zeltmann

While a Social Security recipient can collect her retirement benefit any time between 62 and 70, that doesn’t mean she has completely unfettered access with no strings attached. In fact, the Social Security earnings limit might prevent someone from collecting their full retirement benefit if they have employment earnings.  

By John Zeltmann

The Social Security system is filled with complexity - questions ranging from when should I claim to isn't the Social Security system bankrupt to when can I collect my Social Security retirement benefit are kicked around on a regular basis.

So what if you're divorced?  Thankfully, many rules and strategies remain the same regardless of whether you're married or divorced, albeit with a few caveats.  The requirements that need to be satisfied in order to collect off of an ex-spouse's record are as follows:

By John Zeltmann

"I just turned 62 and am now eligible to collect my Social Security retirement benefit.  Why wouldn't I take the money and run?"

- Overwhelming majority of Americans

Reviewing recent reports on Social Security collections, approximately 90% of people claim at or before Full Retirement Age, and the majority of those folks are collecting at 62¹.  And possibly with good reason.  For example, would I ever recommend someone go into credit card debt to purchase groceries all in the name of delaying collection of their Social Security?  Of course not!  However, if there are other assets you can tap to meet everyday living needs, it's at least worth considering what value you might be leaving on the table by collecting upon eligibility as opposed to waiting a few more years.

By John Zeltmann

I was speaking with everyone's favorite skeptic, Billy Know-It-All, recently (you know, the one who claims that Social Security is bankrupt?), and he was up to his old antics again.  We were discussing the optimal time for him to claim Social Security, and inevitably life expectancy comes up.

By John Zeltmann

We've all been there before, a perfectly pleasant and enjoyable evening at a cocktail party is progressing swimmingly.  The kids are tucked in, the dishes are cleaned and put away, and the conversation is engaging.  Enter wise guy, stage left.  We all know who he is; the friend/relative/neighbor/co-worker who knows it all.

By John Zeltmann

With concern about the Social Security trust fund's solvency and speculation rampant that the system is bankrupt (which it actually isn't), many people wonder whether potential future changes will be directed at their retirement benefits.

By John Zeltmann

You took the money and ran, didn't you?  When it comes to Social Security, most Americans do the same thing.  According to the Center for Retirement Research at Boston College¹, as much as 90% of Social Security recipients collect at or before Full Retirement Age with a significant number of people collecting as early as 62.

So does Social Security allow a mulligan?  It does, albeit on a fairly limited basis.  Let's see if you're eligible.