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The results of claiming Social Security early
You can start receiving Social Security retirement benefits as early as age 62, but doing so reduces your monthly payment for life. Although the reduction is permanent, age 62 is still the most popular age to start Social Security benefits.…
The risk of underspending in retirement
Recent surveys indicate that 58 percent of seniors worry their money won’t last through retirement, and nearly two-thirds of Americans are more concerned about running out of money than dying. However, financial advisors caution retirees not to overcompensate by underspending.…
The consequences of Social Security insolvency
In 2025, about 69 million Americans (one in five) receive Social Security benefits each month, totaling roughly $1.6 trillion in annual payments. This includes retired workers, disabled workers, survivors, and their dependents, who would be affected if the Social Security…
Do you really need $1m to retire in comfort?
We have all seen headlines stating that to retire comfortably, you need to have saved more than $1 million, but is that true? For most of us, that figure is not attainable, but that does not mean you cannot retire…
Replacement income Social Security will give you
Most financial experts suggest you should aim to replace 70 percent to 85 percent of your pre-retirement income. However, many people overlook the effect Social Security will have on their retirement income. Maurie Backman, writing for The Motley Fool, explains…
The cost of claiming Social Security early
You can start receiving Social Security retirement benefits as early as age 62, but doing so will permanently reduce your monthly payment compared to waiting until your full retirement age. According to the Employee Benefit Research Institute 2026 Retirement Confidence…
Stretching Finances in Retirement…Some Thoughts
Inflation is on the march again, fueled by rising fuel prices amid the conflict in Iran. Interest rates are trending downward, affecting return on savings (if you’re fortunate enough to have savings). Healthcare costs are outpacing other areas of senior…
Social Security to Fully Transition to Electronic Payments
(Source – Social Security Matters) As of September 30, 2025, federal law and Executive Order 14247 require federal benefits to be paid electronically. To improve efficiency, reduce costs, and enhance security in federal payments, the Department of the Treasury is…
Saving Social Security Via Elimination of Fraud, Waste, and Abuse Examined
It is absolutely a noble and correct intent of the federal government to root out illegal misappropriation of funds from programs serving the taxpaying public, and it is equally noble and correct to seek a balanced budget for the country.…
What’s Happening on the 2027 COLA Front?
Proclamations about what could be a substantial increase in the annual Social Security cost-of-living adjustment (COLA) that beneficiaries could see in their January 2027 deposits are coming in fast as inflation grows amid oil price uncertainties. Estimates as high as…