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Understanding Social Security’s annual changes
Every year, Social Security undergoes changes to the various limits and benefit amounts beneficiaries are subject to. But how these changes are calculated and what they are based upon is a mystery to many. While COLA is based upon the Consumer…
Number of Social Security beneficiaries hits new record
According to the Social Security Administration, Social Security now has a record number of beneficiaries – 61,859,250. That includes retirees, spouses, survivors, and disabled workers. Compare that to about 153,918,000 workers, and the ratio of workers to beneficiaries sits at…
Want a bigger Social Security check? Here’s how
Social Security was traditionally intended to provide only some financial support to America’s retired seniors, but the reality for many is that it has become the major financial element of their retirement income stream. In fact, many seniors today find that Social Security…
Remember our Military on Christmas!!
As we gather together with our families on this most blessed day, please take a moment to remember those in our Military who are stationed around the world, far from their own families, protecting our freedom and that of others.…
Social Security Retirement Benefits for Six-figure Earners
Social Security is a crucial component of most Americans’ retirement planning. Even those individuals who had incomes of $100,000 per year can expect a lot from Social Security. In Dan Caplinger’s article, he provides a simple analysis of what those…
Choosing the Right Retirement Date
Many retirees choose their retirement date based solely on age. They may pick age 62 because that’s when they can first claim Social Security or age 65, because that’s the “traditional” age for retirement. The problem is, age isn’t the…
Retirement Stats to Help you Prepare
Do you know that the average monthly Social Security retirement benefit is $1,375? Do you know 56 percent of workers are planning to keep working part-time in retirement, at least for a while? In Selena Maranjian’s article she reviews 15…
Worries about having enough money to completely retire prevails for all three generations
According to a recent report “Wishful Thinking or Within Reach: Three Generations Prepare for Retirement,” from the Transamerica Center for Retirement Studies, workers estimate that they’ll live to age 90, but only 18 percent are very confident that they’ll be…
Are you ready to live in a continuing care retirement community?
There are nearly 2,000 continuing care retirement communities (CCRCs) nationwide that will handle all your needs for the rest of your life – at a hefty price. You must be at least 62 and healthy enough to live independently. The…
Five key Social Security rules
The U.S. Social Security program can be complicated, and it’s not always obvious how Social Security benefits work. Whether you are retired or still working, you need to know these five key Social Security rules. In Dan Caplinger’s article for…