Retirement Benefits Archives - Sverdlov Law PLLC

Social Security changes coming in 2020

Posted on November 5, 2019

Stay informed about the Social Security changes. Monthly benefits increase: Social Security recipients will get a 1.6 percent cost-of-living adjustment (COLA) in their monthly benefits starting in January. The average individual retired Social Security beneficiary is expected to see a monthly benefit jump from $1,479 to $1,503, an increase of roughly $24 per month...

Retitling Assets and Designating Proper Beneficiaries

Posted on June 13, 2016

You may have completed a Will and a Power of Attorney (all by yourself). You may think that your estate plan is in order and you can rest easily. However, you are likely less than half way done!In general, over half of all assets in the United States pass outside of probate. These...

What are the current methods of maximizing one’s social security payments?

Posted on March 14, 2016

Now that the “file and suspend” loophole has been eliminated (effective April 30, 2016), what other strategies remain for maximizing one’s social security payments?1. The main strategy is, of course, to delay the receipt of social security. At full retirement age, a worker is entitled to receive 100% of his Social Security retirement...

What is a Continuing Care Retirement Community?

Posted on November 5, 2015

These are alternative housing options for seniors, in which multiple levels of care, including independent living, assisted living and long term nursing home care are contained within one community. The number of these communities is growing rapidly in New York State.An initial entrance fee is required. These entrance fees can range from $100,000...

Common retirement assumptions people make that could result in an unexpected shortfall.

Posted on February 21, 2015

Making incorrect or overly optimistic assumptions about your retirement portfolio and plans can lead to disastrous results. Some of the most common retirement assumptions that may not turn out to be true are: Assuming that stock market returns will always be high. Investing in the market at...