Work for as long as possible to get the maximum bonus of $16,728 in retirement. The later you retire, the higher your benefit will be, but remember that 70 is the maximum age.
Make sure to work for at least 35 years to avoid any reduction in your Social Security Administration check.
Having a high salary will result in a higher retirement benefit, so try to earn as much as possible.
What is the Social Security loophole?
A married worker is able to voluntarily suspend his/her own benefits after full retirement age.
This allows the spouse to receive spousal benefits while the worker is not collecting benefits.
The Voluntary Suspension Loophole is a Social Security loophole that was created in order to help married couples.
This loophole allows for a married worker to suspend his/her own benefits after full retirement age, which in turn allows the spouse to receive spousal benefits.
The Voluntary Suspension Loophole has been a helpful tool for married couples who are looking to maximize their Social Security benefits.
Can you live on $2000 a month in Mexico?
The average cost of living for expats, digital nomads and retirees varies between $600 to $2,000 depending on one’s lifestyle choices and their location.
Baseline costs in Mexico are around $750 a month.
The main cost drivers are accommodation, food and drink, transportation, and healthcare.
Expats can save money by choosing to live in smaller cities or in rural areas.
Digital nomads can reduce their costs by working from home or from co-working spaces.
Retirees can save money by taking advantage of discounts and benefits available to them.
What age is considered a senior in Mexico?
On May 24, 2022, seniors 60 and over can get a free ID which clearly states their date of birth/age.
This will help them to access discounts and other benefits available to seniors.
To get the ID, seniors must bring an official ID which clearly states their date of birth/age.
This ID will help seniors to access discounts and other benefits available to them.
How old is a senior in Mexico?
What is the INAPAM Card?
The INAPAM Card (formerly an INSEN card) is a “Senior Citizen” identification given to those over 60 years of age. It is a Social Program offered by the government of Mexico.
What are the benefits of the INAPAM Card?
With the card, individuals get discounts on a great many services and products throughout Mexico. Discounts may include public transportation, hotels, restaurants, movie theaters, and more.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.