Tag Archives: Senior Financial Estate

Senior Financial Estate Planning

One of the first components to consider when one faces senior financial estate planning is to know what Social Security will contribute to your estate.  Usually, this isn’t the largest contributor to the size of your estate, but is necessary to know so that you don’t lose money that should be coming to you.

If you’re about to turn 62 and plan to file for Social Security, you should apply at least 3 months before you want to start collecting.  You can sign up at www.socialsecurity.gov/retireonline, or call 1-800-772-1213.  The documents you’ll need to produce are: your Social Security card or a record of the number; your birth certificate; proof of US citizenship or lawful alien status; military discharge papers if you served before 1968, and last year’s W-2 tax form or tax return, if you’re self-employed.

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