Academy for Jewish Religion Social Security Forum & Estate Planning Paper Social Security Forum First, read these short articles. The first is from the So

Academy for Jewish Religion Social Security Forum & Estate Planning Paper Social Security Forum

First, read these short articles. The first is from the Social Security Administration, ssa.gov, which is a good site to reference over the years as you plan for retirement:

https://www.ssa.gov/benefits/retirement/planner/agereduction.html#:~:text=You%20can%20start%20receiving%20your,your%20benefit%20amount%20will%20increase.

https://money.usnews.com/investing/articles/2017-04-10/the-pros-and-cons-of-taking-social-security-early

Next, type at least 150 words (combined) to address these questions:

1. What is at least one advantage and one disadvantage of starting to receive social security payments at age 62?

2. What is at least one advantage and one disadvantage of starting to receive social security payments at Full Retirement Age (which is now age 67 for most of us who haven’t yet retired)?

3. What is at least one advantage and one disadvantage of starting to receive social security payments at age 70?

4. What do you think is the best age to start receiving social security, and why? You don’t have to reveal any personal financial details in this forum; you only need to discuss why in general you think a certain age could be best for beginning to receive payments from social security.

Estate Planning

1. Do you currently have a will (yes or no)?

2. If you have a will, answer the following questions about that will. If you do not have a will, answer the following questions about a will you will create as soon as reasonably possible:

a) Is the will drafted by you or did you obtain the help of an attorney?

b) On which date did you sign and date (or will you sign and date) the will?

c) Who are at least two people you trust to sign and date the will as witnesses, even though these people will not receive any benefits from distribution of the will? NOTE: You do not need to disclose names here; you may simply provide the initials of the people. The purpose of this assignment is to have you think seriously about who you trust to witness your will.

d) Who would you choose (or who will you choose) to be the executor of the will? Again, you do not need to disclose the person’s name here; you may simply provide the initials of this person. The purpose of this assignment is to have you think seriously about who you trust to manage your will/estate after you pass on.