The $214,000 Mistake

by James Lange

Overview

One of the reasons I wrote this book was to help married taxpayers get the most out of their Social Security benefits. Though estimates vary, as many as 97 percent of married Social Security recipients fail to optimize their benefits.

A second reason, very directly related to the first, is that the failure to optimize Social Security benefits frequently imposes significant consequences on the wife who must go on after the death of her husband--statistically the greater probability.

The $214,000 difference referred to in the book title is shown in Figure 3, Single Person Starting Social Security Benefits (Age 62 vs. 70), on page 19. The math for doubling your Social Security can be found on page 20.

All proceeds of this book go to charity: water, a non-profit organization bringing clean and safe drinking water to people in developing countries.

Product Details

BN ID:	2940161698563
Publisher:	Retire Secure Press
Publication date:	07/18/2018
Sold by:	Barnes & Noble
Format:	eBook
Sales rank:	624,554
File size:	3 MB

About the Author

With more than 3 decades of estate and retirement planning experience, Attorney/CPA James Lange and his team have drafted more than 2,304 wills and trusts. Jim is the author of two bestselling books including Retire Secure! Pay Taxes Later (Wiley, 2006 and 2009), which was endorsed by Charles Schwab, Larry King, Ed Slott, Jane Bryant Quinn, Roger Ibbotson, and Burton Malkiel and dozens of other financial experts. Jim also wrote The Roth Revolution, Pay Taxes Once and Never Again (Morgan James, 2011), which was endorsed by Ed Slott, Natalie Choate and Bob Keebler and many others. He is the creator of Lange's Cascading Beneficiary Plan™ and The Roth IRA Institute.

Jim's strategies have been endorsed by The New York Times, The Wall Street Journal (36 times), Newsweek, Money Magazine, Smart Money, Reader's Digest, Financial Planning, Bottom Line, Kiplinger's, and many other publications. His articles have appeared in Bottom Line, Financial Planning, The Tax Adviser (the peer reviewed journal of the AICPA), and the Journal of Retirement Planning. Most recently, PA Lawyer Magazine published in their January/February 2014 issue, Jim's article, The Demise of Federal DOMA, New Financial Planning Strategies for Same-Sex Couples.

Audio archives and most transcripts of 165 hours of Jim's radio show, The Lange Money Hour, are available at paytaxeslater.com.