Headlines
Dealing With Required Minimum Distributions
For many retirees approaching that magical age 70 1/2 mark, the RMD is coming into focus quickly as a pivotal point in their retirement cash-stream forecasting. RMD, of course, is the mandatory annual payout to be taken from one’s accumulated…
They Say It’s Your Birthday
As we all know, certain birthdays are more important than others and they come faster than you think. In Bill Smith’s column appearing on Kiplinger’s website (www.kiplinger.com), he list the seven key milestone ages and/or birthdays when investors make financial…
Filed Too Soon
If you are wishing you had waited longer to file for your Social Security benefits, there is good news; you may be eligible for one or two possible do overs: withdrawal or suspension. In Amy Fontinelle’s column on Investopedia website…
Are You Willing to Sacrifice?
In Richard Eisenberg’s column appearing on MarketWatch’s website (www.marketwatch.com), he reviews the recent report from Merrill Lynch/Age Wave study that hints the retirement crisis may be exaggerated and that pre-retirees are willing to make adjustments or “course corrections” in all…
Vacations and Electronics Win Out Over Retirement Savings for Millennials
Merrill Lynch recently released a report stating 42 percent of millennials aged 25 to 39 have not begun saving for retirement. Although part of that is a product of student debt and high living expenses, it is also due in…
More Years of Retirement
There’s a good chance you’ll live longer than you expect, which should be taken into consideration when planning your retirement. According to data from the Social Security Administration, the average man turning 60 today has about a 21 percent chance…
Some Reasons to Delay Claiming Benefits
While a large number of people aging into Social Security eligibility elect to file for benefits at the early age of 62, there are several key reasons why the reverse–deferring to full retirement age or later–make sense. The Motley Fool’s Selena…
Medicare: A historical perspective
The Medicare program came into being in 1965, but the road to get there started much earlier in the 1940’s. This Huffington Post article by contributor Kathleen Weldon looks back over the history of Medicare and how it went from…
When you apply for benefits has a big impact on what you get
For many approaching retirement, one of their biggest decisions will be when to start collecting their Social Security benefits, and when those benefits start will determine how much your monthly payment will be. Social Security’s “full retirement age” is the…
Is Social Security selling “longevity insurance”?
Far too many people start their Social Security benefit as soon as they’re eligible at 62 years of age, but are they hurting themselves in the long run? Though many, including Social Security employees, will tell you that the program…