Social security advisors dedicated to maximizing social security benefits for our clients through customized social security strategies. Journal how the social security claiming decision affects. Discuss why this is so and why the social security system can continue to pay benefits despite the fact that it can be considered bankrupt. William reichenstein the latest news about william reichenstein from the wsj the experts blog. How to optimize retirement benefits 1st edition by william reichenstein, william meyer 2011 perfect paperback on. Two books provide help with social security benefits strategies. Social security works why social security isn t going. All three are only true to a point and as youre planning your social security filing age, you should understand the real truth behind these three items. Our social security disability insurance team in pennsylvania is ready to stand up for you and your family during your time of need.
Get more social security benefits for you clients with. Studies on social security in developing countries are usually restricted to an analysis of social security arrangements provided by the state. The wall street journal names social security solutions. Luckily, those wishing to take advantage of this strategy. Most common questions about social security disability. The information on this website should be used only as general guidelines and not as the ultimate source of information about social security claiming strategies. Automated tools combined with personalized service. We handle social security disability insurance cases on a contingency basis. William reichenstein author of social security strategies. Reichenstein is a widely quoted in the national press.
Two books provide help with social security benefits. My full social security retirement benefit will be about 30% larger than hers. If the social security retirement system was a pri. How to optimize retirement benefits, 3rd edition william reichenstein, william meyer on. These two components of social security have been kept separate thus far since their inceptions. Why social security isn t going broke and how expanding it will help us all ebook written by nancy altman, eric kingson.
Summer 2014, the journal of retirement social security benefits for employees in jobs not covered by social security, meyer and reichenstein. William reichenstein, cfa, to gain his insight on the complexity of asset allocation and investment. For most retirees, social security benefits represent their largest financial asset. William reichenstein is the author of social security strategies 4. Informative, but with notable historical errors per the header, this book is informative about how social security works, and why, and about pete peterson, the koch bros and others launching attacking against it, and president obama, per teddy roosevelt, not having the backbone of a chocolate eclair to defend social security. Our goal is to bring strategies and help to the millions of people approaching those critical decisions about social security. Be aware that social security strategies used to boost your benefits can come and go. The urgent financing crisis facing social security disability insurance di is giving rise to suggestions that the di trust fund be merged with social securitys larger oldage and survivors insurance oasi trust fund. The perils of reinvesting social security benefits theres a reason they call it the third rail of american politics try to change it and get zapped.
Section 201 c of the social security act provides for a board of trustees of the trust funds, composed of the secretary of the treasury, the secretary of labor, and the secretary of. The social security fixit book pension rights center. Both reichenstein and meyer are recognized experts on social security claiming strategies. As such, ive read more of the social security administration handbook than any human being should be forced to read just as an aside, how did the. The book is a short, colorful guide to social security, its financing issues, and proposals for eliminating its shortfall. Social security and early retirement the mit press. How to optimize retirement benefits 1st edition by william reichenstein, william meyer 2011 perfect paperback. Everyday low prices and free delivery on eligible orders. The social security administrations 10percent sample. A 2010 paper that appeared in the journal of financial planning by william meyer and william reichenstein, social security. We founded our company on the belief that there is a better way to serve clients in or approaching retirement and our research has proven it. Rethinking social insurance martin feldstein i will speak today about social insurance, a subject i have been studying for nearly 40 years.
There are many personal and household factors that can impact the monthly and cumulative lifetime benefits received. Start your free trial see how you can get more for your clients. Meyer and reichensteins popular book, social security strategies, was the first book to sell out at the national financial planning association meeting in san antonio, texas. Posted on december 9, 2015 december 9, 2015 by wayne thorp. How to optimize retirement benefits provides invaluable advice on how to do this. Retirement, pensions, and social security the mit press. Created as a partnership between entrepreneur and software expert bill meyer, and the highly reputable financial planning researcher bill reichenstein who has published extensively on social security strategies in the journal of financial planning, ss analyzer is built to gather detailed information about the clients social security. On the flight ive been reading william reichenstein and william meyers social security strategies. Social securitys 3 purposes, and the 1 thing it was never intended for americas most important social program is tasked with providing a financial backdrop for tens of millions of americans. Answers to reallife questions about social security claiming strategies. An exclusive group of industry and thought leaders brought together by the wall street journal who. If youre an individual investor and care about your future, or youre a planner and care about your clients, this book should be on your shelf. With a focus on maximizing social security benefits and taxefficient withdrawals the reader is guided through strategies that may well double their clients net portfolio return.
Theoretical and empirical analysis of the relationship between retirement decision and pension systems, with policy recommendations for reversing the current trend toward early retirement. The intellectual and policy revolution in social insurance that is occurring around the world is among the most significant and positive developments of current economics. When to start benefits and how to minimize longevity risk, journal of financial planning, march 2010. William reichenstein, cfa social security strategies. Remember that social security is not all that much of an income and that one can put only so much money away while one is working, because of. Why social security isn t going broke and how expanding it will help. Even when social security legislation is not under consideration, congress continues to keep an eye on the financial operations of the social security program.
Bill reichenstein reichenstein, a cfa and university professor, explains how to extend the trust funds solvency and reveals some strategies retirees. Social security administration operations and resources and the large workloads that had to be faced, it was once again essential to have a device that would provide frequent evaluation and assessment of the social security administrations overall needs so that orderly and coordinated planning could be. Reassesses the effectiveness of the social security system, argues that private pensions are not inherently better, and looks at the medicare program. It is the first book length study to combine evidence on private pension and social security institutions with econometric evidence on the determinants of retirement behavior, providing new empirical results that shed light on current policy issues. Costs of merging social security retirement and disability.
Operation and dynamics of social security mechanisms in rural switzerland tinbergen institute research andre leliveld on. If the social security retirement system was a private retirement system, it would be declared bankrupt. Buy it, implement it your clients will profit big time. The wall street journal has named social security solutions, inc. Get more social security benefits with social security. Hsb business directory search for facultystaff name department. Thats what professor reichenstein delivers in his extraordinary book income strategies. For example, changes in the social security laws will eliminate the popular fileandsuspend method. Onefpa journal how the social security claiming decision affects portfolio longevity. Social security was never meant to be sole income source. Yet, a majority of americans decide when to begin benefits without any advice. Board member alicia munnell has coauthored the social security fixit book for the center for retirement research at boston college. The popular book is in its third release and has been references are the primer and authoritative book on how to maximize benefits. This is another in a series of technical articles describing social security administration sample files and statistical systems.
Applications of aftertax asset valuations, fpa press august 2008 and social security strategies 2011 with william meyer. Of the two, di currently faces the much more immediate 2016 threat of. What he failed to mention is that social security was never, never, never, never, never intended to be the sole source of income for retirees. Social security strategies by william reichenstein. This article takes a long hard look at these three facts about social security filing age and shows the real math behind them.
They have published numerous articles about the subject, and have been quoted in publications such as forbes, barron s, the wall street journal, new york times, and chicago tribune. Retirement, pensions, and social security reveals the importance of earnings, private pensions. Download for offline reading, highlight, bookmark or take notes while you read social security works. The focus of this article is the 10percent sample file that provides program and demographic information on social security beneficiaries under the oldage, survivors, and disability insurance program. When to start benefits and how to minimize longevity risk. Discuss why the social security tax rate has increased so much in. The contrasting trends toward earlier retirement and greater longevity have resulted in steadily increasing retirement costs over the last forty years. He has published more than 160 articles and several books including in the presence of taxes. I am 60 years old, retired, and my wife, 49, is still working. Social security works why social security isnt going.
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