Boyd County Public Library hosting Social Security workshop Aug. 18

Published 10:16 am Wednesday, August 5, 2009

ASHLAND, Ky. — An educational workshop titled “Social Security Planning for Boomers: What Everyone Needs to Know” has been scheduled for 6 p.m.on Tuesday, Aug. 18 at the Boyd County Public Library auditorium located at 1740 Central Ave.

After being told for years that Social Security is “going broke,” baby boomers are realizing that it will soon be their turn to collect. But the decisions they make now can have a tremendous impact on the total amount of benefits they stand to receive over their lifetime.

Questions boomers are asking include:

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Will Social Security be there for me?

How much can I expect to receive?

When should I apply for Social Security?

How can I maximize my benefits?

Will Social Security be enough to live on in retirement?

To help baby boomers better understand the Social Security system, this workshop will cover

5 factors to consider when deciding when to apply for benefits

When it makes sense to delay benefits — and when it does not

Why you should always check your earnings record for accuracy

How to estimate your benefits

How to coordinate benefits with your spouse

How to minimize taxes on Social Security benefits

How to coordinate Social Security with your other sources of retirement income

Seating is limited and reservations are recommended.

Individuals may reserve space by calling Beth Rankin at 877-529-1099.