If you are like most people who are nearing the age of retirement, the topic of social security payments will come up a lot. However, beyond the basics, such as the age you will become eligible to start drawing benefits or how to apply, you are probably left with a lot of questions. If you find a listing for a social security seminar in your area, it is a good idea to make arrangements to go to one of these insightful meetings. Take a look at some of the things you will learn at a social security seminar.
Learn when to start drawing social security for your maximum payment.
For those born between 1943 and 1954, you can actually start drawing your social security benefits when you hit age 62, but this is not the full retirement age and you will see lower payments every month because you will be drawing longer. This is just one example of something you will learn at a social security seminar. The age of full retirement can vary according to when you were born, so during the seminar, you will be given pertinent information to help you understand better when would be the best age for you to retire to receive full benefits.
Learn how to plan and understand your personal resources for retirement.
Whether you are planning to rely primarily on your social security payments at the time of retirement or otherwise, you will learn a great deal at a social security seminar to help you out. These seminars often include speaking engagements from certified financial planners who can help you plan and budget and understand the resources you will personally have available. This insight will allow you to stretch those social security payments as far as possible and fully understand when it will be best for you to start drawing your benefits.
Learn a little about Medicare and other extended social security programs.
Along with retirement age and signing up for social security benefits will come other things, such as applying for Medicaid or Medicare depending on your situation. These extended programs tie in with the social security payments, which means it is a good idea to understand all of the different extended programs to their fullest before you retire. Some programs will have to be signed up separately from your social security payments and some will come along with your initial signup for benefits.
When my card was declined at the grocery store a few months ago, I realized my financial situation had hit rock bottom. Instead of ignoring the problem, I decided to meet with a financial counselor to see what I could do to make things better. I talked with him about how to handle unplanned expenses and how to budget for my day-to-day life. It was incredible to learn more about money, and now I can proudly say I am living within my means. I decided to make this blog for anyone that struggles with financial planning so that you can turn things around.