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A few basic guidelines to follow if you want to retire comfortably

Depending on where you live, retirees could blow through $1 million in as little as 12 years according to a new report from GOBankingRates, a personal finance site. Since the average person retires at age 63 and has a life…

Your Social Security annual checkup

Did you schedule your “annual checkup” with your doctor’s office? How about with Social Security? It’s easy and you don’t need to leave your home to do it. Your Social Security Statement provides information about work credits, estimates for retirement, disability,…

Protect yourself from this one major expense in retirement

Medicare won’t pay for it, and neither will Medigap. What is it? Long-term care. Seventy percent of seniors who reach age 65 will need some type of long-term care in their lifetime. It is estimated that 69 percent of people…

You can learn a lot by listening to the public about Social Security

A recent Gallup survey found that 55 percent of retirees count on Social Security to be a major source of income, with another 34 percent leaning on it as a minor income source. Polling the American public, both working and retired,…

To claim, or not to claim Social Security at 70 – That is the question

The base amount of your Social Security benefit is computed from your 35 highest earning work years, but that base amount (known as your “Primary Insurance Amount”) can be either cut or increased, depending upon the age at which you claim…

Americans are worried about Social Security solvency

In a recently released report, Gallup has revealed that more than half of those in the age group just preceding Social Security eligibility are concerned about the solvency of the program. For that age group to be mostly concerned should…

Dependent grandchildren may get Social Security

Probably at least partially a result of America’s opioid crisis, more and more grandparents are finding themselves in a position of providing care and financial support for their minor grandchildren. For many senior grandparents who find themselves in that position,…

Social Security planning for couples

Unfortunately, far too many people think of Social Security as only an individual benefit – what you, yourself, can collect – without a lot of thought for what the surviving partner will receive when one of you passes.  While considering when to start your…

Waiting to age 70 could mean $4000 a year more in Social Security

It’s true that a majority of people claim Social Security earlier than their full retirement age, and there are some good reasons for doing that. Choosing which age to apply for benefits is always an individual choice which should be…

Lessons on retirement saving, from the old days

No question that nearly all American seniors will, or do, rely in some way on Social Security, whether as a retiree, a spouse or a survivor. But “back in the old days,” before there was a Social Security program, how…

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