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Affordable Cabinetry, of Riverside ca. @: 951.543.0247

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Affordable Cabinetry

Affordable cabinetry, of Riverside ca., Our cabinetry business, nestled in the beautiful Southern California Inland Empire, is truly a custom wood shop at your service. We’ve been designing, crafting and installing our custom cabinetry for homes and businesses in Southern California, for over fifteen years.  Our service area encompasses Southern California.  Our clients select from a wide range of woods, stains, colors and door designs to create the cabinetry of their dreams. My cabinets are custom made to fit your need and turn around time is 5-7 weeks depending on the size of the project. And if time is of concern, I work with companies that can have your cabinets within weeks.Quotes and estimates are always free. Feel free to ask any questions you may have. I am a licensed and bonded contractor who enjoys seeing customer’s desires come to be. I take great pride in my work and work hard to make sure my work is exactly what you want. While cabinets are my specialty, I have done various woodworking projects including Patio covers, playhouses,sheds etc. Feel free to ask about any project you need. for more info.

Call @: 951.543.0247

 

Our exceptional service to our loyal clients is evident in every job we do.

We Always Stand By Our Work!

Contact Us

Refacing: Changes the color and doors,when the interior is still in good shape. Face framing is skinned with wood veneer and all doors and drawer fronts are replaced.

Euro cabinets: my custom made cabinets are constructed with 3/4 birch ply and are finished with lacquer. I have many door styles and color to choose from.

Faceframe cabinets: My custom made cabinets are made of 3/4 birch interiors with hardwood or softwood face frames.There are many designs and colors to choose from.

Commercial: I fabricate cabinets or store fixtures to the specs of the blueprint and have many plastic laminate colors to choose from.

Remodel: I do partial or complete remodels of kitchens and bathrooms.

Customer service: I do fabrication,installations and repairs. I modify cabinets as needed and match any color of stain on site.

Copyright 2011 Affordable Cabinetry. All rights reserved.

The Janitor Store!!, of Riverside ca. @: 951.784.9662

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The Janitor Store, of Riverside ca.

2489 University ave.

Riverside ca. 92507

@: 951.784.9662

E-mail: thejanitorstore@gmail.com

The Janitor Store is your source of Industrially Manufactured Cleaning Supplies and Paper Products. Your Partnership with The Janitor Store brings you closer to opportunity to see bottom line profit due to the savings experienced shopping with us.We work by Commitment, not on Commission.“WHEN YOU SHINE WE SHINE” History Established in 1991The Janitor Store determined to overcome the challenges of competing with larger companies, has found ways to partner with them, to better serve our customers. After being shut down in 2004, due to a Redevelopment Project, The Janitor Store re-opened in January 2007, at our current location.Our goal is to bring knowledge, use, and purpose to purchase Industrial products, to our consumer partners. The results will ultimately be beneficial.With over 20 years in the Cleaning Industry, our vast resource of Industry Reps, and effort to get the best product information, The Janitor Store is positioned to be the best asset to our Partners.
“WHEN YOU SHINE WE SHINE”

Indycar Racing Series Coming to Auto Club Speedway, news july 2011

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Ilivetodayie

— July 6, 2011

SAN BERNARDINO COUNTY, Calif. – For the first time in seven years, the thrill, excitement and speed of the IZOD INDYCAR Series will return to Auto Club Speedway – the Speedway where the world speed record for the fastest lap of 241.426 mph was set in 2000 – and still stands today.

“This facility was built to host open-wheel racing and Auto Club Speedway has arguably hosted some of the most exciting races in Indy car history,” said Gillian Zucker, president, Auto Club Speedway. “We look forward to building on the area’s history and tradition of open-wheel racing with new records and new races beginning in 2012.”

“We feel the time is right to bring IndyCar racing back to Auto Club Speedway,” said Randy Bernard, chief executive officer, INDYCAR.  “We want to maintain the diverse line-up of ovals on our schedule and the addition of Auto Club Speedway adds a great venue that was built for the high-speed, wheel-to-wheel excitement of IndyCar racing under the lights.”

The stars of the series, which includes Helio Castroneves, Dario Franchitti and this year’s Indianapolis 500 winner Dan Wheldon, along with high-profile owners Roger Penske, Chip Ganassi, A.J. Foyt and Bobby Rahal are expected to visit Southern California’s premier motorsports facility in the Fall of 2012 with the intense competition, high-energy show scheduled to be run at night under the lights.

Tickets for the highly anticipated event will go on sale on Sept. 12, 2011. Ticket Pricing are as follows:  Reserved Club area $60; Reserved $50; General Admission $30; Kids 12 and under free in General Admission with Lefty’s Kids Club membership and camping packages will be available from $255 to $330.

Click here and subscribe to the Speedway’s monthly newsletter to receive IndyCar pre-sale information and other updates as they become available.

Sam Hornish Jr. won the Inaugural IndyCar Series race at Auto Club Speedway in 2002 in an exciting finish that saw him beat Jaques Lazier across the finish line by a mere 0.0281 seconds.  The series continued to run at Auto Club Speedway through 2005 and provided race fans with speed and excitement each time it visited the speedway.  Some of those highlights include:

  • October 28, 2000:  During qualifying, Gil de Ferran set the track record for fastest lap at 241.426 mph (388.537 km/h).  This was also a world speed record for the fastest lap of a closed course.
  • March 24, 2002: Sam Hornish Jr. wins the first IndyCar Series race at Auto Club Speedway by 0.0281 seconds over Jaques Lazier.
  • November 3, 2002:  Jimmy Vasser won the final 500 mile race in CART/Champ Car (now defunct) history. The race also set the track record (at the time) for average race speed at 197.995 mph (318.642 km/h).
  • September 21, 2003: During the IndyCar Series race (Toyota Indy 400), Sam Hornish, Jr. set the track record for fastest average speed during a race at 207.151 mph (333.377 km/h). This is still the current track record.
  • September 20, 2003:  IndyCar Series qualifying record set – (one lap): Helio Castroneves, 226.757 mph (364.930 km/h).

To purchase tickets to see the IndyCar Series return to Auto Club Speedway, call 800-944-RACE (7223) or visit www.autoclubspeedway.com.  Tickets go on sale September 12, 2011.

Digital Marketing for Local Businesses! june/09/ 2011

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by News @ InlandEmpire.US

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Date: Thursday June 9th, 2011
Time: 11:30am – 1:30pm

If you are a local business in the Inland Empire comes learn about the latest digitalmarketing strategies to promote your company online.  During the luncheon you will learn how to:

•  Secure top listings in Google’s local listings
•  Leverage Google Adwords to target customers using an iPhone, iPad or Droid
•  Employ “check-in” services like FourSquare to acquire new customers
•  Use email and text message campaigns to retain existing customers

The presentation will cover the most popular digital marketing strategies including search engine optimization, paid search advertising, social media, mobile marketing, review sites, and email marketing – all focused on the local business.

Who Should Attend

•  Small business owner
•  Marketing staff
•  Public relations staff
•  Advertising agencies
•  Marketing firms

About Our Speaker

John McCarthy is senior director, digital strategy at WebMetro.  WebMetro is an award winning digital marketing agency specializing in Internet and search engine marketing services.

For more than 10 years John has specialized in digital marketing building campaigns for clients like Public Storage, eHealth Insurance, Allstate Auto Club, Cash for Gold, CalTech University, American Management Association, and Union Bank.

Prior to joining WebMetro John worked for consulting firms Bruce Clay and First Consulting Group(now owned by Computer Sciences Corp) and former home loans giant Countrywide Home Loans (now owned by Bank of America).  In addition to a wealth of digital marketing knowledge and experience, John also has a strong traditional marketing background. For 12years John worked for Transamerica (now part of multinational financial services giant AEGON) in both product development and marketing serving as a Brand Manager in his last few years with the company.

John is the Immediate Past President of the American Advertising Federation, Inland Empire Chapter, serves on the Direct Marketing Association’s Search Engine Marketing Council and is also a member ofthe Search Engine Marketing Professional

Location: Hilton, 285 E. Hospitality Lane, San Bernardino, CA

Event pricing:

• Members $20
• General public $30
(Buffet Lunch Included)

Register Today

Agenda:
Mingling & Registration : 11:30 am
Main Event : 12:00 pm to 1:00 pm
Wrap Up : 1:00 pm -1:30 pm

For sponsorship information please contact Eddie Gonzales 949-370-3973, egonzales@murgent.com

WHEN
Thursday, June 09, 201111:30 AM – 1:30 PM
Pacific Time

WHERE
Hilton Hotel
285 E. Hospitality Lane, San Bernardino, CA 92408

Attire
Business Casual

Good Words From Larry The Cable Guy! june 2011

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ilivetodayie

@ilivetodayie

Larry The Cable Guy!

Everyone concentrates on the problems we’re having in Our Country lately:  Illegal immigration, hurricane recovery, alligators attacking people in   Florida . .. .. .  Not me — I concentrate on solutions for the problems — it’s a win-win situation. * Dig a moat the length of the Mexican border. * Send the dirt to New Orleans  to raise the level of the levees. * Put the Florida alligators in the moat along the Mexican border.

Any other problems you would like for me to solve today? Think about this:

1. Cows

2. The Constitution

3. The Ten Commandments 


COWS:
Is it just me, or does anyone else find it amazing that during the mad cow epidemic our government could track a single cow, born in Canada almost three years ago, right to the stall where she slept in the state of Washington? And, they tracked her calves to their stalls. But they are unable to locate 11 million illegal aliens wandering around our country.. Maybe we should give each of them a cow.  

THE CONSTITUTION:
They keep talking about drafting a Constitution for   Iraq ….why don’t we just give them ours? It was written by a lot of really smart guys, it has worked for over 200 years, and we’re not using it anymore.  

THE 10 COMMANDMENTS:
The real reason that we can’t have the Ten Commandments posted in a courthouse is this — you cannot post ‘Thou Shalt Not Steal’ ‘Thou Shalt Not Commit Adultery’ and ‘Thou Shall Not Lie’ in a building full of lawyers, judges and politicians, it creates a hostile work environment.

GET ER DONE!

Welcome to Tommy’s Auto Fab

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TOMMYS AUTO FAB OF RIVERSIDE

ilivetodayie
@ilivetodayie
Tommy’s Auto Fab is all about creating the highest quality of custom car designed to your specifications. This website is an oppurtunity for you to check out some of our creations. So feel free to browse around.

Contact us at: 951.685.4478
Tommysautofab@gmail.com
located in Riverside, California


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Contact us at: 951.685.4478
Tommysautofab@gmail.com
located in Riverside, California

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Written by ilivetodayie

June 4, 2011 at 3:28 am

AP NewsBreak: Taxpayer identity theft is soaring

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Irs1

AP NewsBreak: IRS grappling with soaring taxpayer identity theft; sharply up from 2008 to 2010

, On Wednesday June 1, 2011

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@ilivetodayie

IRS website: http://www.irs.gov

WASHINGTON (AP) — Imagine filing your tax return and learning that someone else got your refund. With your name and Social Security number, no less.

The IRS is grappling with a nearly five-fold increase in taxpayer identity theft between 2008 and 2010, a Government Accountability Office official plans to tell a House hearing Thursday. There were 248,357 incidents in 2010, compared to 51,702 in 2008.

The GAO findings, obtained by The Associated Press, don’t begin to describe the pain for a first-time victim, who must wait for a refund while the IRS sorts out which return is real and which is a fraud.

Many identity thieves don’t get prosecuted, according James White, director of strategic issues for the GAO..

“IRS officials told us that IRS pursues criminal investigations of suspected identity thieves in only a small number of cases,” White says in testimony prepared for a House Oversight and Government Reform subcommittee.

He said that in the 2010 fiscal year, the IRS criminal investigations division initiated just over 4,700 investigations of all types — far less than the identity theft cases alone.

“We want to know why this problem is apparently getting much worse,” said Rep. Todd Platts, R-Pa., chairman of the subcommittee. “By bringing these issues to the public as quickly as possible, the committee hopes to give citizens the necessary information so they can protect themselves from such identity theft.”

IRS Commissioner Douglas Shulman, in his prepared statement, defended the criminal investigation record. He said his criminal division concentrates on schemes of national scope and added that 95 percent of those prosecuted for refund-related identity theft go to prison.

Tax identity thieves typically submit returns for refunds early in the filing season. The legitimate taxpayer usually files later, and only then learns from the IRS that two returns were filed using the same Social Security number.

Some thieves steal a name and Social Security number to obtain a job. The employer will report the thief’s wage information to the IRS, as would the legitimate taxpayer’s employer. The victim then would receive an unwelcome IRS notice that he or she failed to report everything that was earned. The victim would then need to work with the tax agency to sort things out.

Shulman said the IRS can significantly increase its protection after someone has been victimized the first time.

One victim, LaVonda Rae Thompson, 52, of York, Pa., plans to tell the committee about what she calls “my nightmare.”

She had to make rounds of calls to the IRS and other government agencies, sometimes repeating the same information. She spoke on the phone with an IRS employee she described as “the most rude and discourteous person I have ever spoken with in my life.”

She was told her refund would take 16 weeks to six months.

She closed her bank accounts and opened new ones. She ordered new checks. She placed a 90-day alert on her credit reports. She often has to show her IRS identity theft affidavit.

“You may not be able to know how stressful this has been,” she said in her statement. “I can’t sleep. I wonder what the person will do next as far as trying to get credit cards or anything in my name.”

Tax form 14039, the IRS Identity Theft Affidavit, allows the agency to mark an account to identify future questionable activity. A task force of the IRS and other agencies established a website, STOPFRAUD.gov, which tells taxpayers what to do if they suspect identity fraud.

The main IRS website includes “Ten Things the IRS Wants You to Know About Identity Theft.”

If the IRS receives multiple tax returns for the same individuals, the taxpayer usually must substantiate identity with a federal or state-issued identification such as a driver’s license or passport — together with a copy of a police report or the IRS affidavit.

This past January, the IRS developed a pilot program designed to lessen delays for victims who deserve a refund.

Victims are issued an “identity protection personal identification number,” which the IRS will use to process future returns. A new PIN will be issued each year the taxpayer’s account has been marked for potential fraud.

Online:

Managing the Big Shift Toward Retirement

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@ilivetodayie

A retirement revolution is currently underway, as the country’s 77 million baby boomers approach the so-called “golden years” with a completely new mindset and approach. Advances in medical science have helped increase life expectancies to where age 65 is hardly “over the hill,” and filling your days with rounds of golf and pottery classes for the next 30 or so years seems cumbersome and impractical.

There is a need to continue to work, for both personal and economic fulfillment. In fact, 77% of today’s workers say they plan to work in retirement, according to Pew Research.

“There is a shift in vision for this period,” says Marc Freedman, author of The Big Shift: Navigating the New Stage Beyond Midlife. “The old goal used to be ‘freedom from work, liberation from labor…but financially its hard to make ends meet for the next 30 years without an income and psychically it’s not for many for people who define themselves by work, who are far from out of energy.”

For 68-year-old Cynthia Barnett, a life coach and founder of RefireDontRetire, her passion has always been education, so rather than fully retiring, she’s taken on work as an adjunct professor at a local university. This way she can also afford to work freely with her non-profit academic organization Saturday Academy Inc., her first love. “People no longer think about retirement as sitting in the rocking chair,” she says. “It’s about creating your own thing, maybe becoming an entrepreneur.”

One of Barnett’s clients, Sharon Laughlin, is following her coach’s advice. The 53-year-old mother of two spent decades working as a book-keeper. A recent empty-nester, Laughlin felt the need to finally focus on herself and create a future that involved turning her real passion into a paycheck, a job that would be both emotionally and financially fulfilling, as she approached retirement. In the past year, she’s launched a soap business, Made For You, a line of home-made, all-natural soaps that she sells online and at local fairs. “I really wanted to do something where I found my niche, that I was good at,” she says.

The transition towards retirement, during which you’re figuring out your next steps, can be costly, says Freedman. “One way to do it is to moonlight, get a job that’s primarily about paying the bills and at the same time, work part-time or volunteer in areas that you think you might want to transition,” he says. “This way you’re moving forward and not just treading water during this period.”

Laughlin, for example, has maintained her book-keeping work while she gets her soap business off the ground. She is confident this will eventually be her retirement safety net, whenever that day arrives.

Written by ilivetodayie

May 25, 2011 at 2:43 am

Removing the Boot from the Throat of American Businesses May 2011

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Sarahpalin1

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by Sarah Palin on Wednesday, May 11, 2011 at 10:27am

President Obama has the opportunity to prove that he cares about keeping jobs for working class families in America. He can speak up about his appointees at the National Labor Relations Board (NLRB) who have their boots on The Boeing Company’s neck. Does the President support the rights of businesses and working class people in right-to-work states to make sound decisions without government regulatory agencies unfairly punishing them? 

 

Does the President realize the real concern here is not that businesses will choose to locate in one state over another? It’s that businesses will choose to locate in other countries because thanks to the Obama administration’s job killing policies and over-reaching regulatory boards the business climate in the United States is growing toxic. South Carolina’s Senator Jim DeMint reminded President Obama that the President said in his State of the Union address: “We have to make America the best place on Earth to do business.” I agree with this sentiment, Mr. President. If we want to keep good paying jobs for working class families in the United States then you shouldn’t pit South Carolina against Washington state because eventually every state will suffer when businesses declare “enough is enough” with these tactics and decide to relocate in more business-friendly countries.

 

– Sarah Palin

Written by ilivetodayie

May 13, 2011 at 11:16 pm

Make the Right Moves to Boost Social Security Benefits may 2011

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@ilivetodayie

 

Social1

by Rachel L. Sheedy and Susan B. Garland

Friday, May 6, 2011

Kiplinger'sPersonalFinance

 

What do boxer George Foreman, actress Meryl Streep and singer Bruce Springsteen have in common? Aside from fame, they’re all turning 62 this year, and they need to decide whether to start claiming Social Security benefits.

Sure, none of them needs the cash, but like many of you, they’ll need to engage in some complex calculations. And just because George, Meryl, Bruce and you can apply at 62 doesn’t mean you all should. Delaying may be the best way to maximize your benefits, especially if you’re married. We’ll go over several strategies to help you get the most from your benefits.

But first, the basics. Those born between 1943 and 1954 will get their “primary insurance amount” at 66, which is their full retirement age. You can claim benefits as early as age 62, but your monthly check will be cut by 25% for the rest of your life. For every month you wait beyond 62, your benefit will increase by a fraction of a percent. If you claim at age 64, for instance, you will receive 86.7% of your primary insurance amount.

For each year you delay claiming between 66 and 70, you’ll get a delayed credit of 8%, plus cost-of-living adjustments. “Having a larger income stream of that sort is extremely valuable,” says Rick Miller, a certified financial planner with Sensible Financial, in Waltham, Mass. Miller usually recommends that his clients delay to take advantage of this income stream of inflation-adjusted lifetime benefits.

A lower-earning spouse can claim a benefit based on his or her work record at 62. Or the spouse can claim a “spousal” benefit, as long as the other spouse has started to collect benefits. If the lower earner is at full retirement age, the spousal benefit is 50% of the higher earner’s primary insurance amount.

But the spousal benefit will be reduced if the lower earner collects the benefit before reaching full retirement age. If the lower-earning spouse first claims a benefit based on his or her earnings and later “steps up” to a spousal benefit, the spousal benefit will be reduced as well.

Many financial planners and academic researchers are urging seniors to focus on Social Security as longevity insurance — that is, a benefit that will provide you income in your old age — instead of as a source of immediate cash flow. “People underestimate the future value of that benefit,” says Clarissa Hobson, a certified financial planner for Carnick and Co., in Colorado Springs, Colo.

One way to look at the value of delaying benefits is to compare Social Security to the cost of buying the same amount of guaranteed income in the private market. Let’s say a 62-year-old Virginia man would receive $1,125 a month if he claimed at age 62, but $1,980 a month if he waited until 70. That’s a difference of $855 a month in benefits.

If this man claimed benefits at 62 and wanted to buy an extra $855 in guaranteed income at 70, he’d have to spend $116,660 for an immediate income annuity. And that’s without an inflation adjustment or a 100% survivor benefit.

Delaying makes particular sense if you have a pension, says Jonathan Blumenthal, senior vice-president at Peak Capital Investment Services, in Dallas. In that case, your pension, which is probably not adjusted for inflation, will cover expenses in early retirement. Later your Social Security benefit’s cost-of-living adjustments will become an inflation hedge.

It also makes sense to delay if your income will spike in those last years of work. Your benefit is calculated based on your top 35 years of earnings. Any years with no earnings will factor in at zero and will be averaged into the calculation.

Greg Graman, 63, expects to boost his benefit by staying in the workforce. For the past six years, he’s been an assistant professor in the School of Business and Economics at Michigan Technological University in Houghton, Mich.

Graman had six years of zero earnings in his record because he left the private sector after 22 years to go to graduate school. “By continuing to work, I replace those zeros with substantially higher numbers,” says Graman. He’s now worked long enough to wipe out those zero years. And because he plans to work until his late sixties, he also expects to displace some lower-earning years in his earnings record.

Before deciding when to apply, you and your spouse should look over your most recent Social Security statements. The statement will note how much you will get at 62, 66 and 70. Keep in mind that the estimates assume you are working up to the listed ages. Or you can use the Retirement Estimator tool at socialsecurity.gov/estimator, to play with different scenarios.

Once you review your numbers, you can figure out which of the following strategies or circumstances could apply to you. In many cases, it makes the most sense to wait. “So many of these strategies require you to be over full retirement age,” says Elaine Floyd, director of retirement and life planning for Horsesmouth, a consulting firm that works with financial advisers.

If you’re still working. Most experts say it usually does not make sense to claim early while you’re still working. If you start claiming before full retirement age, Social Security will withhold part of your wages to satisfy the earnings test. “You don’t want to start Social Security if you’re producing enough income to get your benefits clipped,” says Wayne Copelin, president of Copelin Financial Advisors, in Sugar Land, Tex.

In 2011, you lose $1 for every $2 you earn over the earnings limit of $14,160. Say you are earning $30,000 and claim a $1,500 benefit at 62. Because $30,000 is $15,840 over the limit, you’d lose $7,920 in benefits. The earnings test applies to survivor and spousal benefits, too.

In the year you reach full retirement age, you lose $1 for every $3 in earnings over $37,680 before your birthday month. The earnings test ends in the month you reach full retirement age.

If you are receiving benefits and unexpectedly return to work, let Social Security know quickly. If the tax return shows earnings that should have triggered reduced benefits, you’ll have to pay back the excess in a lump sum or see future benefits reduced to compensate for the earlier overpayment.

Benefits lost to the test are not gone forever. For any month you forfeit benefits to the earnings test, Social Security will ratchet up future benefits to compensate you for that “lost” money. But if you applied at 62, you’ll never recoup benefits lost from claiming Social Security early.

You wait, spouse doesn’t. Let’s say you’re the higher earner and you would like to maximize your own benefit by delaying until 70. If your wife is 62 or older, she could collect benefits based on her own earnings record, but perhaps she’d get more money with a spousal benefit. One catch — she can’t collect a spousal benefit until you file for your own.

Here’s a way to boost income immediately: As long as you’re full retirement age, you file for your benefit, and your wife applies for a spousal benefit. You then ask Social Security to suspend your benefits. Your wife will receive a spousal benefit. You can continue to work and accrue delayed credits until you reapply for benefits. “This dramatically increases the benefits the high-earning spouse will receive,” says Hobson.

This file-and-suspend maneuver also helps provide for your lower-earning wife if you die first. She’ll step up to a survivor benefit that will be 100% of your benefit at the time of your death. The survivor benefit will include any earned delayed retirement credits and cost-of-living adjustments.

Maximizing the survivor benefit was a major goal for Greg Graman and his wife, Sandra. Greg, who is the higher earner, will qualify for a lump-sum retirement benefit from his employer at 68 and doesn’t plan to take his Social Security benefit before then.

Sandra, who is a part-time preschool teacher, started taking a benefit based on her earnings two years ago at 62. But because her $500 benefit is about half of the spousal benefit she could receive on Greg’s record, he intends to file and suspend his benefits at age 66. Sandra can then switch to a larger spousal benefit, and Greg’s own benefit will continue to grow at 8% a year.

Sandra claimed early on her own record to boost the household income. “If she waited to do anything until 66, she would have left those four years of benefits on the table,” Greg says.

You wait, but take a spousal benefit. Typically it is the lower-earning spouse who collects a spousal benefit. But there’s nothing to say the higher earner can’t opt for a spousal benefit — temporarily. To employ this strategy, the higher earner must be full retirement age.

Here’s how it works: You are the higher-earning spouse and have hit full retirement age, but you want to delay your benefit until 70. In the meantime, you can bring in extra money by applying for a spousal benefit for yourself.

First, your lower-earning spouse claims her own benefit. Let’s say she’s 62; she’ll get 75% of her full benefit because she is applying early. Then, you can apply for a spousal benefit. Because you are full retirement age, you get an extra bonus: Rather than getting 50% of her current reduced benefit, you get 50% of her primary insurance amount.

This strategy is known as “restricting an application” to a spousal benefit only. The higher earner must be full retirement age. If you’re younger, the Social Security Administration will automatically give you the highest benefit you’re entitled to, which is likely the benefit based on your earnings. “If you start taking benefits before full retirement age, you don’t have a choice of which benefit to take,” says Peggy Sherman, director of financial planning for Briaud Financial Advisors, in Bryan, Tex.

At any time until 70, you can switch to your own higher benefit. At that point, your wife could switch to a spousal benefit. However, her payment will be less than 50% of your primary insurance amount because she claimed her own benefit early. Still, her survivor benefit will equal 100% of your benefit if you die first.

Not all Social Security Administration personnel are familiar with this strategy. Kiplinger’s Retirement Report has interceded on behalf of several readers who encountered skeptical government employees. If you face trouble when you apply, show the employee the following information from the Social Security Web site. (Look at the section called “If you or your spouse are full retirement age.”)

This information helped a couple in Long Island, N.Y., who subscribe to Retirement Report. Mr. Miller (who didn’t want his full name used), age 67, was already receiving his benefit. Mrs. Miller, 66, wanted to apply for a spousal benefit of about $1,100 a month and delay her own benefit until 70, when she would be eligible to receive about $2,800 a month — $800 more than if she collected her benefit at 66.

When she visited the Social Security office near her place of employment last November, a supervisor told her that she could not restrict her application to the spousal benefit. After Retirement Report directed the couple to the Social Security Web site, Mr. Miller says, “Two days later, she went back and the papers were put through. All was fine.”

Then the Social Security computer center denied the application twice. After the couple requested more help from Retirement Report, a Social Security representative followed the case personally. Mrs. Miller finally received notification that her spousal benefit would start at the end of March.

Back to work. If you return to work after you started receiving benefits, you can suspend your benefits if you’re full retirement age. Say you intended to claim at 70, but you started collecting benefits before full retirement age after a layoff. Now you’ve found a new job.

While your benefits are suspended, you will earn delayed retirement credits through age 70. However, the credits will be based on the reduced amount you had been receiving, not the primary insurance amount.

If you’re divorced. You may be entitled to a spousal or survivor benefit based on your former spouse’s earnings record. To be eligible, you must have been married for at least ten years and be at least 62 to receive a spousal benefit. If your ex dies, you can claim a survivor benefit at 60 (or 50 if you’re disabled).

If you remarry, you will lose the benefits of your former spouse, at least until that second marriage ends in divorce or death. If that happens, you may be able to select the best benefit among your former spouses. (Note: If you remarry after age 60 and you are taking a survivor benefit on your ex’s record, you can still receive the survivor benefit.)

The Social Security rules for divorced couples are pretty much the same as those for married couples. For instance, if you collect a spousal benefit when you are at full retirement age, it’s generally 50% of your ex-spouse’s benefit. A survivor benefit is equal to 100% of the deceased spouse’s benefit if the survivor waits until full retirement age to claim it. If a survivor claims earlier, the benefit will be reduced.

One difference: Even if your ex has not applied for benefits, you may be allowed to collect spousal benefits. To qualify, your former spouse must be eligible for benefits, which means he or she must be at least 62, and you must be divorced for at least two years.

Divorced women can use the restrict-an-application strategy to maximize their own benefit — and that can be a boon for those trying to catch up on retirement savings. “It’s a wonderful strategy for divorced working women,” says Floyd.

Say a woman whose own benefit with delayed retirement credits will be larger than the ex’s spousal benefit. At full retirement age, she takes her ex’s spousal benefit and continues to work. At 70, she switches to her own bigger benefit.

Copyrighted, Kiplinger Washington Editors, Inc.

Written by ilivetodayie

May 8, 2011 at 5:34 am