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Four categories of aged Americans who will never receive a Social Security benefit

As of the June snapshot from the Social Security Administration, some 62.5 million people were receiving a monthly benefit. But, not all older Americans will be able to collect a Social Security benefit. Social Security is often referred to as…

Should you go with a Roth, traditional IRA or 401(k)?

You are working and saving for retirement and you have a choice between a traditional IRA or 401(k) or a Roth version of the same type of account; so how do you choose? What is the primary factor should you…

Unemployed in your 60s? Consider these alternatives before filing for Social Security early

Losing your job in your 60s can be a harsh financial blow and statistically speaking, you are less likely than your younger counterparts to find new work quickly. If you happen to lose your job at age 62 or later, you…

Three options to consider when planning your retirement spending

According to the 2018 version of Gallup’s annual survey about American’s biggest financial worries, not having enough money to fund their retirement topped the list for the 16th year in a row. However, having enough money is only half of…

Steer clear of these mistakes if want more money in your retirement

If there is one thing most retirees agree on, running out of money during retirement is a concern even for people with healthy nest eggs. No one wants to experience cash flow problems especially when you are older, but if you…

Five things that can help all Americans understand and maximize their Social Security benefits

The Social Security program is extremely important to the financial security of millions of Americans in retirement; however, many Americans don’t understand Social Security, especially those who haven’t yet reached retirement age.  The attached article gives five Social Security tips that can…

The Crisis in Social Security Demands Action by Congress

Conwell Hooper of the American Senior Alliance argues for action now to shore up Social Security’s finances.  Currently, over 62 million Americans received Social Security benefits.  Hooper calls it “frightening” when referring to the Trustees Report released last month that noted for the…

Social Security payments after death of a spouse

There are a myriad of rules and regulations regarding Social Security benefits, and they are quite complex to the layperson. In this post, Phillip Moeller describes what happens to the Social Security benefits both spouses were receiving when one dies. …

Can’t Wait Until 70 to Start Benefits? The Next Best Time is…

Experts are near unanimous when they say starting Social Security benefits comes down to the key question of how long one expects to live.  But, as Lorie Konish of CNBC notes, for a lower earning spouse, it generally does not pay to wait to claim benefits…

Many GenXers & Millenials Not Counting on Social Security

PGIM Investments is out with survey results on what Millenials (born 1981-1996) and Generation X (born 1960-1980) think about Social Security, retirement saving, and work.  Just 70% of Gen Xers and 51% of Millennials expect Social Security benefits when they retire.  Alarmingly, one-third…

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