That's one hard lesson about Social Security. Another is that when it's time to claim, you can't depend on the Social Security Administration to be your personal adviser.
In an effort to save time and cut costs, Social Security employees generally don't give case-specific advice. So that means you are on your own to make the most important financial decision of a lifetime. You have to read the rules and do the research yourself.
William Meyer, whose website, Social Security Solutions, gives Social Security advice for a fee, says you also can't depend on Social Security to follow instructions you give them electronically. If you have a request that is not the most common choice, you'll need to go to the Social Security office and make the request in person, he says.
Read on to brush up on Social Security benefits that are not commonly known. CLICK HERE.
Speaking at the Shmoocon hacker conference on Saturday, security researcher Kristin Paget demonstrated a hack that she called “embarassingly simple” in which she “stole” someone’s credit card data, embedded it onto a blank magnetic card, then paid $15 into her own bank account, all without ever even touching or viewing her willing victim’s card.
According to Forbes reporter Andy Greenberg, she used a cheaply available radio frequency identification (RFID) reader to procure the card number, expiration date and CCV code. Inputting that information on a small card magnetizing tool that sells for approximately $300, the card was replicated in an instant then swiped through a cheap iPhone attachment that allows users to accept credit card payments. With that, she charged the card $15, then paid her volunteer $20 in cash for the trouble.
Devices that ping any nearby RFID chips can be purchased for as little as $2 in some cases, and because credit cards have localized security instead of an encrypted response that must be validated through the company’s servers, they can be tricked into giving up their crucial details upon request.
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The roadblocks to a successful retirement have become more frequent and severe, ranging from Wall Street and housing meltdowns to rising healthcare costs and concerns about the long-term stability of Social Security, pensions, and government safety net programs. But according to a new study by MetLife and the Scripps Gerontology Center at Miami University, there are common ways that people are stepping up to create better outcomes for their retirement years.
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Since Franklin Delano Roosevelt signed the Social Security Act on August 14, 1935, few workers have not been impacted by the social program. Almost all Americans pay into the system, and Social Security is the largest source of income for citizens age 65 and older. Yet this huge entitlement has many facets, some of which are not widely known.
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The age you first sign up for Social Security can impact the payout you will receive for the rest of your life. Here are some strategies to maximize your monthly benefit.
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AARP - Worksearch - Looking to reenter the workforce? Want to upgrade from your current job?AARP Foundation’s free WorkSearch resources can help older workers. These online tools let you "virtually" explore new careers, assess and improve work skills, identify training programs and find meaningful employment.
Senior Community Service Employment Program (SCSEP) - from Goodwill Industries - At Goodwill®, we help seniors find work, develop new skills and talents, and build their financial security by taking advantage of the Senior Community Service Employment Program (SCSEP). SCSEP is an on-the-job training and employment program designed to help those aged 55 and older update their jobs skills, build work experience and confidence, and continue to have economic security and well-being.
SeniorJobBank.org - Find Jobs for Boomers and Seniors in Your Area
