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4 Reasons To Not Count on Social Security in Retirement

Social Security is an important program to all who contribute and/or receive benefits.  But, Maurie Backman suggests younger people who are not yet collecting should not necessarily count on those benefits, as in not factor them in to any retirement…

How to Retire Rich When You Haven’t Started Saving Yet

Katie Brockman explains in this piece how personal savings is becoming the most important and critical piece to retirement.  Pensions are going away.  Social Security only replaces about 40% of pre-retirement income, and the program is facing insolvency.  Never has…

Social Security benefits going up. Medicare premiums are too.

It’s almost an annual event.  Seniors cheer a cost of living adjustment to their Social Security benefits when it is announced each October, even if many increases over the past decade have been small.  Then, in November, seniors find out their…

3 Awful Reasons to Take Social Security Benefits at 65

Maurie Backman explains how folks have an eight year window to claim Social Security benefits from 62 (most common age) until 70.  As for claiming at exactly age 65, if doing that is for one of the three reasons she…

Why Do So Many Claim Social Security at 62?

Katie Brockman notes the most popular age to claim Social Security benefits as age 62, with 48% of women and 42% of men claiming at this age according to a report from the Center for Retirement Research at Boston College.  But…

Who Taxes Social Security Benefits?

It’s a rude awakening to find out you owe federal income tax on some of your Social Security benefits.  Since the thresholds were never indexed for inflation in 1983 and 1993, more taxpayers are ensnared each year.  But thirteen states also…

3 Retirement Numbers You Absolutely Must Know

Katie Brockman cites a survey from Northwestern Mutual that nearly 50 percent of Americans report feeling anxious, insecure, or even scared about their finances.  She notes that knowing three critical numbers is the key to a secure retirement.  First is knowing…

Planning for your retirement

Some would argue that you should start planning for your retirement when you first start working. Though it’s doubtful that many do, it is nevertheless an excellent idea, because the sooner you start executing a retirement plan, the easier it…

COLA bump for 2020 means higher Social Security and SSI payments

The Social Security Administration recently announced that the Cost of Living Adjustment (COLA) for 2020 will be 1.6%. That means that those receiving Social Security benefits, as well as those receiving Supplemental Security Income (SSI), will see a 1.6% raise…

Scam calls ramp up during Medicare Open Enrollment

Never a dull moment in the world of the telephone scammers! Although unsuspecting people experience scam telephone calls all year long, it seems that Medicare’s open enrollment period, which we are now in, is “prime time” for such calls. And…

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