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10 Ways To Get 5 More Years Out Of A Cracked Retirement Nest Egg
Adam Shell says everyone should be thinking about making their retirement money last longer because 401k and IRA balances are shrinking. Plus, everything costs more than it used to. Finding ways to generate more income during retirement is at the…
The fastest-rising costs for those on Social Security
Eggs tops nearly every analyst’s list of items that have gone through the roof. Lorie Konish of CNBC explains the current high inflation environment and the toll it continue to take on Social Security recipients. The main part of her…
Retired With No Money? Do These 4 Things Now
Kailey Hagen notes the obvious, though not everyone realizes it in time– you cannot live on Social Security alone. Period. So what to do then? Hagen discuss these four options for seniors: 1. Find work if you’re able to; 2.…
Be Realistic When Estimating Social Security Benefits
Maurie Backman’s message in this piece is don’t set yourself up for a rude awakening by expecting Social Security to be something it is not and never has been. That is– income replacement. It does not replace most income from…
What’s the right call on delaying Social Security?
“No one size fits all” may be the best way to describe when one should claim Social Security benefits. With full retirement age now 67 for those born after 1960, there is a reduction for every month one claims earlier…
6 Realistic Ways To Retire by 50
The earliest age to claim Social Security is 62, so retiring at age 50 will take the utmost discipline according to John Csiszar. “The simple mathematical truth is that unless you save and invest far in excess of traditional models,…
Consider State Incomes Taxes on Social Security
Generally the advice is work as long as possible and delay benefits as long as possible to maximize Social Security benefits. Often not discussed, however, is that some states tax Social Security benefits while others do not. In fact, 38…
Age & Social Security: A Simple Table
Selena Maranjian notes Social Security is a critical program for most Americans. When you begin benefits makes a big difference in the size of each month’s check. The author has a simple table that displays the significant cut (up to…
COLA Watch 2024
Michael Bartiromo interviews experts who explain why a 3.1% cost of living adjustment (COLA) is projected for Social Security recipients in January 2024. The official COLA for next year will not be announced until mid October 2023. Advocates note that…
Best Argument for Claiming Social Security at Age 70
Patience prevails. Maurie Backman explains that the highest Social Security benefit possible comes to those who wait to claim until age 70. It does not increase further after that age. The amount of increased benefit between full retirement age (now…