Latest News
Here are a scam’s red flags
The FTC received reports of over 164,000 government imposter scams in 2023, with Social Security scams being the most common. The Social Security Administration has stated they saw “38,852 reports with a total of $101.58 million lost to government-impersonating fraudsters.”…
How will you retire?
Consider the option of partial or phased retirement as explored in this article by Kristin McKenna, Senior Contributor at Darrow Wealth Management in Boston MA for Forbes on April 8, 2024. Read Ms. McKenna’s article here…. Notice: The link provided…
Unplanned early retirement
Some people have their retirement all planned out from an early age, and then there are the rest of us, playing catch-up in our 50s and 60s. Unfortunately, some of us find ourselves in early retirement due to circumstances beyond…
Three possible scenarios that could cost you a fortune
We all dream of how we want our golden years to look surrounded by family, sunshine, and good health, but that is not always the case. If you are age 65 in 2024, statistics show you will need five or…
Medicare and Social Security: Is time running out?
We have all heard about the trust fund running out of money in approximately 10 years. Here are numbers as reported by Adam Andrzejewski at RealClearInvestigations. Read the article here…
Ideal retirement age
According to recent data, America’s ideal retirement age is 59.4. Although that sounds wonderful, it does come with some drawbacks. Maurie Backman advises why this ideal retirement age could be problematic for many individuals. Read Ms. Backman’s article here… Notice:…
Are you moving?
Are you thinking of moving? Even if it is just across town or another state, you need to let Social Security and Medicare know when and your new address so there will be no misunderstanding. The Savvy Senior columnists outlines…
Retirement’s magic number is a fantasy for most
Northwestern Mutual, via the Harris Poll, asked Americans in four key demographic groups to estimate what they think they’ll need in retirement. The latest figure on how much American adults think they’ll need for a “comfortable” retirement: $1.46 million. Paul Brandus of MarketWatch…
Claiming Social Security at 65 is truly a mixed bag
One can begin Social Security benefits as early as 62 or as late as 70, but Maurie Backman explains why choosing 65 is a sort of mixed bag. The pro side includes getting more checks as opposed to waiting until…
New WEP reform idea – portability & consolidation
It’s not well understood, and it draws near universal ire of those effected. It’s the Windfall Elimination Provision (WEP), which reduces Social Security benefits for those who receive a pension for work done without contributing to Social Security. Those affected…