Headlines
Taking Early Benefits
Although the number of people deciding to follow the advice of waiting to file for retirement is rising, the majority of recent retirees have taken early benefits. Many of those that take early benefits have outside factors weighing on that…
Increased Burden on Younger Workers
America is on course to have problems replacing workers entering retirement. Baby Boomers are still the largest generation in the U.S. and are entering retirement at larger rates each year. Already, Millennials have caught up to tie the Boomers as…
Nation Wising up on Social Security
The most repeated advice on receiving Social Security is to wait as long as you can afford to before filing. American’s might finally be listening to this advice as a recent survey showed more and more are waiting until at…
Health Care Costs in Retirement
In retirement you find that you start spending less in some areas and more in others. For example, you may find yourself spending less on gas because you no longer commute ever day to work. It is estimated that retirees…
American Dependence on Social Security
Americans have come to rely on their Social Security as one of their primary sources of income in retirement. Social Security makes up as much as 89% of income for 63% of retirees. This is pretty troubling news when the…
2017 COLA Watch is on!
Financial analyst Scott Burns, in an article posted on Denton Record-Chronicle’s website, provides a starting point for assessing the likelihood of a Cost-of-Living Adjustment (COLA) in 2017 for Social Security’s more than 60 million beneficiaries. His article, which can be…
On Leaks in Social Security
There have recently been many reports on how the Social Security Administration is run. These reports were scathing in their comments on misconduct and incompetence. A recent report by the Budget Office also showed that the Administration was severely underfunded…
COLA and 2017
We are currently on track to not see a cost of living increase for Social Security benefits in 2017 yet again. These increases are tied to the rate of inflation, although they only kick in if inflation increases by so…
Average Income Through the Ages
Up to a point, the more you make while working the more you will get from Social Security when you retire. For this reason it makes sense that many people are curious how their paycheck fares in comparison to others…
Getting By in Retirement
The majority of Americans nearing and entering retirement do not have adequate savings. Many come to rely on Social Security for their primary source of income and learn that it is not enough to sustain them in retirement. There are…