Headlines
Planning for retirement in your 50’s
Age 50 is a wake up call for many people who’ve spent a lifetime thinking that retirement was something they didn’t yet need to worry about. All of a sudden, your retirement can be seen on the not too distant horizon, and…
Persistence pays off when dealing with flawed advice from Social Security offices
Although this Investment News article by Mary Beth Franklin is targeted for financial advisors, the story is an excellent example of how to overcome flawed advice from workers at your local Social Security office. Sometimes even Social Security Administration supervisors get…
The trend now seems to be waiting to collect Social Security
Only a few years ago, nearly half of people nearing retirement age said they planned to start Social Security as soon as they are eligible, but the trend now seems to be moving towards waiting. Much of this has to do with…
Starting in 2020, the Social Security Trust Fund starts to shrink
According to most experts, starting in 2020 Social Security will start paying out more in benefits than it receives in revenue That means that the Trust Fund, now at $2.8 trillion and the source to make up the difference, will start…
New Medicare cards coming – watch out for scams!
Congress has mandated that, over the next two years, the Centers for Medicare and Medicaid Services (CMS) issue new identification cards which don’t use your Social Security number. While this is meant to protect beneficiaries from identity theft, it also…
When to Start Your Social Security Benefits
No matter where you are between the age 62 and 70, you can start your Social Security retirement benefits. Also remember the longer you wait within that window, the larger your monthly check will be. However, depending on your personal life…
Making the Right Assumptions in Retirement
According to a study by the Financial Industry Regulatory Authority (FINRA), only 39 percent of Americans have tried to figure out how much they need to save for retirement. For those who actually do take action sooner, they typically seek…
The Military’s “Blended” Retirement System
The military retirement system is changing and it will affect everyone joining the force and many current service members. U.S. Congress approved the changes to the retirement system in the 2016 National Defense Authorization Act. Brigadier General (Ret.) Michael Meese,…
Understanding How Social Security Works
While Baby Boomers have seen the full retirement age climb to 67, the Pew Research Center reports that half of both the Millennial and Gen X workforce already dismiss Social Security as a viable source of their future retirement income.…
In-Service Rollover
One of, or perhaps the “first step to securing your retirement is to take control of the wealth you worked a lifetime to create.” If you’re still working and 59.5 years old, you have the ability to roll over money,…