Headlines
Social Security Trust Fund reserves grew slightly in 2018
Although the Trustee’s Report predicted last year that, for the first time since 1982, Social Security’s Trust Fund would be needed to pay full benefits starting in 2018, that turned out to be an incorrect forecast. – the Social Security…
Oh No!!!! Still another Social Security phone scam.
It seems to be relentless – the ends to which criminals will go to try and get at your money. Right on the heels of the scam where impersonators say your Social Security benefits are being suspended unless you pay…
A big issue for the 2020 election: Social Security
With a great deal of fanfare about the Social Security 2100 Act by Democrats in the new Congress, Social Security is receiving a lot of attention in the media these days. While passage of this bill as currently written is highly improbable, it should still…
Waiting to claim benefits is often, but not always, a good choice
Most advisors will counsel that the longer you wait to claim Social Security, the more your benefit will be. And, provided it is permitted by health and financial status, this is wise counsel in most cases when talking about one’s…
What’s the real impact of claiming Social Security early? Or later?
The rules are pretty simple – if you claim Social Security before you reach your full retirement age you’ll get less; and if you wait until after your full retirement age you’ll get more (“full retirement age,” or “FRA,” is…
Social Security’s asset reserves explained
The Center on Budget and Policy Priorities finds that Social Security is responsible for keeping more than 22 million people out of poverty, including over 15 million seniors, whom the program is first and foremost designed to protect. No matter…
Working until 70 looks good on paper, but not everybody can work longer
A simplistic solution to the brewing U.S. retirement crisis is to get people to work until 70 before retiring and 85 percent will have the money they need for retirement. Alicia Munnell, director of Center for Retirement Research at Boston…
Entrepreneurship: Not Just for the Young
Older or should I say “experienced” adults are experimenting with different ways to stay attached to the economy, including self-employment, entrepreneurship, full-time jobs, part-time work, flexible employment and encore careers. According to the U.S Bureau of Labor Statistics, between 1995…
Financial literacy has a huge impact on having a more financially secure retirement
A recently published research study shows that financial literacy has a huge impact on having a more financially secure retirement. The research conducted by The American College of Financial Services, asked a number of questions around retirement, financial planning and…
When it pays to claim Social Security right away
They say that good things come to those who wait, but is that true for Social Security? Millions of retired seniors count on Social Security to keep up with their living expenses, which is why claiming benefits at the right…