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To get the most out of Social Security benefits, plan ahead
(By – Jean Chatzky, TODAY) According to a report from researchers at Harvard and Dartmouth Universities, the Social Security Administration has been overestimating revenue and underestimating costs over the last decade and a half — to the tune of $1 trillion. That’s…
How to Choose the Social Security Claiming Age That’s Right for You
(By – Philip Moeller, Time.com/Money) Retirement experts have been pounding the drums for years about deferring Social Security benefits and allowing them to grow until claimed at age 66 or even as late as 70. Yet average retirement ages have moved…
Editorial: Saving for Retirement
(Source – www.vnews.com) America’s middle-class workers have plenty to worry about — but for many, the biggest anxiety is what happens when they are workers no longer. Many will reach retirement only to find they have saved too little to live…
New Reverse Mortgage Rules Open Door To A More Secure Retirement
(By – Jamie Hopkins, Forbes Contributor) In April 2015, new rules have been implemented to help prevent previous miscues often associated with reverse mortgages. While it remains true that entering into a reverse mortgage is not a suitable financial decision…
H.R. 2359, Disability FRAUD Prevention Act
(Source – waysandmeans.house.gov) H.R. 2359, the “Disability Fraud Reduction And Unethical Deception (FRAUD) Prevention Act,” updates and expands the Social Security Administration’s tools to deter and punish fraudsters who cheat the system. This legislation imposes appropriate civil monetary penalties and felony…
The Biggest Family Secret… Money
(By – Neale Godfrey, Forbes Contributor) How much should you talk about family finances in front of the kids? How much should they know about the family’s overall financial health? Perhaps more than you think. If you argue at all about money…
The 7 Biggest Financial Challenges Senior Citizens Are Facing in Retirement
(By – Sean Williams) Retirement is supposed to be a period of joy for senior citizens where they’re able to travel, reflect, and sometimes just put their feet up if they choose to do so. Unfortunately, far too many senior…
Retirement: How not to go broke before you die
(Source – Aubrey Cohen, NerdWallet via www.usatoday.com) You’ve spent a lifetime saving for and dreaming about a retirement perhaps filled with travel, volunteering or spending more time with family. But as you consider your next chapter, you also have to make sure…
Understand How Social Security Works Before You Retire
Source – www.twcnews.com) Many people plan on relying, at least in part, on Social Security when they quit working, but as Time Warner Cable News business reporter Andrew Sorensen explainss, they might need to know a few things before they begin…
The 3 Keys to a Successful Retirement
(Source – www.foxbusiness.com) If you think that the phrase “three key numbers to your retirement” has something to do with the lottery, think again. (Any lottery ticket with a jackpot that can affect your retirement plans will likely have six numbers.)…