Headlines
Is 66 the best age to file for Social Security?
The Social Security program is quite flexible allowing seniors to take benefits as early as age 62 or as late as 70, with the age you file determining the size of your monthly benefit. Along with that and a few…
Don’t miss out on what many think had gone away forever
Social Security filing strategies have changed over the years and one of the most popular strategies, file-and-suspend, is one of them. However, this option is still available for those who qualified under the grandfathering provisions when the law was changed…
People are still worried about retirement savings
For some good news, employer-sponsored retirement plans and individual retirement accounts have risen since last year. However, people are still worried about retirement savings. In a new analysis by Fidelity Investments, it suggests that despite some improvements, Americans are still…
Statistics about retirement
In 2017, about nine million senior citizens were still working and most of those folks are working because they must – because they can’t afford to completely retire. The extent of the problem of Americans not saving enough for retirement…
The rush to take Social Security benefits due to illness may not be the best move
You have a terminal illness and rush to take your Social Security benefits, so you wouldn’t miss out; however, claiming your Social Security early has a lasting impact on your survivors. In Mary Beth Franklin’s column appearing on www.investmentnews.com, she…
Happy Birthday Social Security!
Today is a big day for American’s most important social program. On August 14, 1935, then President Franklin D. Roosevelt signed the Social Security Act into law. The primary focus of the Social Security Act was to provide a guaranteed…
You might be shocked by how much healthcare could cost you as a retiree
In a recent survey conducted by Nationwide, it found pre-retirees significantly underestimated the percentage of their Social Security benefits likely to go toward their healthcare as they age. The respondents to the survey expected about 15 percent of their Social…
Social Security Benefits and Health Care Expense Trends: A 2019 Respite?
Bernice Napach, senior writer at ThinkAdvisor, provides an analysis of current statistics on Social Security benefits and the portion that is consumed by health care costs. Following a jump in 2018, a year in which the Senior Citizen League reports…
The Growing Impact of Benefit Taxation
It’s an annoying part of the Social Security landscape, but also a likely permanent one. We’re talking about the taxation of Social Security payments to beneficiaries with income exceeding limits that haven’t been changed since 1993. This means, of course…
New Report: Social Security Trust Fund Depletion Could Be Even Earlier
The Social Security Trustees Report predicts promised benefits can be paid until 2034. At that time automatic, across the board cuts for all of 21% would have to be applied, unless Congress acts sooner to shore up the program’s finances. …