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Don’t make these mistakes in retirement
You worked hard all of your life, looking forward to those “golden years” when you live a life of leisure. You’ve done all of the right things, planned carefully for your life after work and saved what you hope is…
What will the 2020 COLA increase be?
There’s no shortage of people who want to be an early prognosticator, especially when it comes to predicting what next year’s Cost of Living Adjustment (COLA) will be for Social Security recipients. Some economists even started predicting the 2020 COLA as…
Getting help with Medicare premiums
For senior citizens whose retirement income is low, those Medicare premiums – especially for Medicare Part B (doctors & outpatient services) and Medicare Part D (prescription drug coverage) – are a real drain on the family budget. If you qualify,…
Is there really a Social Security “crisis?”
While conceding there’s no doubt that changes must eventually be made to Social Security’s financing mechanisms, investment expert Mark Hulbert opines that the so-called Social Security “crisis” is not really a crisis at all. When measured against all of the other…
Don’t leave Social Security money on the table
Financial security during your retirement is, or should be, right near the top of your list of things to prepare for. We all dream of the day when we can finally kick off our work shoes and put on sandals to live…
Should you claim Social Security at 62, or delay until later?
Deciding when to claim your Social Security benefit is one of the most important financial decisions you’ll ever make, but far too many people make that decision without evaluating the financial ramifications of doing so. To be sure, the age…
The risks women face in retirement
A recent report on women and retirement from Prudential Financial found women in their 50’s who are at the most financial risk in retirement are those who are married and in two-income households. Nearly half of the married women in…
Scammers are targeting seniors without mercy
Social Security scams are not new, but the latest ones could cause you undue stress. The latest scam involves the scammers calling seniors claiming to be Social Security Administration representatives and threatening to suspend benefits for those who don’t provide the…
Want higher Social Security benefits? Here’s how
When Social Security program was created it was only meant to serve as a portion of your retirement income. However, today, many seniors rely on Social Security for majority of their retirement income. So, growing your Social Security benefits is…
Don’t wait until you’re ready to start claiming benefits to think about Social Security
Social Security is a guaranteed source of income in your retirement but the amount you are entitled to isn’t set in stone until you sign up for benefits. For better or worse, you can do a lot to influence the…