Benefits of Taking Social Security Early as a Safety Net

By David Freitag ~ When difficult financial times arrive because of turmoil in the stock market or a serious new health condition, it’s good to know that Social Security can often be a significant safety net for people 62 or older. When financial headlines broadcast 5-10% daily market losses, it is

Beware, Thieves are Working the Phones

By David G. Freitag, Financial Planning Consultant with MassMutual ~ Robocalls have always been infuriating. But what should you do if you’re not sure it’s a robocall or the Social Security Administration (SSA)?   We asked David Freitag, a financial planning consultant with MassMutual, about this

Be Cautious—Criminals are Looking for Your Social Security Data

By David G. Freitag, Financial Planning Consultant with MassMutual ~ Does this sound like a scene from a movie? Bob is relaxing at home after a crazy day at the office. He checks his voicemail messages on his phone and is startled to hear this message from a stranger: “This is a call from fraud

Social Security: Sometimes, “You Live and You Learn”

By David G. Freitag, Financial Planning Consultant with MassMutual ~ A recent study of retirees conducted by AgeFriendly.com for MassMutual found interesting answers to this fundamental retirement planning question, “If you had to do it over again, would you change your Social Security filing decision?”

Keep Informed on Important Changes to Social Security and Medicare

By David G. Freitag, Financial Planning Consultant with MassMutual ~ Each year the Social Security Administration announces small incremental changes to both the Social Security program and the Medicare program. These changes are built into existing Social Security and Medicare rules that do not require

Changes in 2019: The Good News and Bad News

By David Freitag CLU, ChFC, CRPC —MassMutual Financial Planning Consultant Each year the Government announces changes to Social Security and Medicare that sometimes get lost in the fog of informational overload. Yet these changes are important for retirees. Here are the top 8 changes that will affect

Important Reasons to Take Social Security Benefits Early

By David Freitag CLU, ChFC, CRPC —MassMutual Financial Planning Consultant It is hard to make “one-rule fits all” generalizations about taking your Social Security benefits. When it comes to this decision, the best “one-rule generalization” is that “One Size Fits One”. Because we are all

The Road Less Traveled and Social Security

If you were born before Jan. 1, 1954, you are coming to a fork in the road for an important decision about Social Security. When it comes to selecting a Social Security filing strategy, perhaps Robert Frost said it best at the end of his famous poem The Road Not Taken: “Two roads diverged in

Medicare and Social Security Basics

In a recent survey of folks age 60-64 commissioned by MassMutual in August, 8 out of 10 respondents (79 percent) did not understand that a spouse age 65, who did not pay Medicare taxes, does qualify for Medicare because they are married to a worker who did pay Medicare taxes. Likewise, in another survey

Social Security and Medicare

Basic Yet Important Things to Know Social Security and Medicare can be challenging to understand. Here are a few tips to help keep you informed and navigate the maze. In 2018, when you make $1,320 and pay FICA tax on that amount, you earn one Social Security credit. You can earn up to four credits

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