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How much do People Earn on Social Security?
This article by Kailey Hagen for the Motley Fool was published on July 6, 2024. She looks at the “average amount” of Social Security earned by a typical couple. Read here… Notice: The link provided above connects readers to the full content…
Will a recent Supreme Court Ruling affect Disability Rights?
According to Michelle Diament for Disability Scoop on July 8 2024 the Supreme Court ruling with overturned a 40 year precedent could change the way some disability rules and laws are interpreted. This could lead to legal issues for those…
Smart Ways to Save for Retirement
Information provided by Becca Stanek for The Week US published on July 8, 2024 on how much you will need in your retirement years. Several different strategies and suggestions are given depending on your own situation and age. Read here……
Can Social Security Actually Go Broke?
Maurie Backman addresses the all important question surrounding the upcoming insolvency of America’s most popular but troubled retirement program. But the answer is no. It’s not going broke, as in bankruptcy. As long as even one person is working, funds…
Social Security Math – 3 factors NOT to overlook
Dana Anspach of MarketWatch discusses how people talk about their Social Security claiming plans just before retirement, noting that so-called “napkin math” is costing people tens of thousands. She gives examples of claiming ages noting the obvious– it pays to…
3 Reasons You Might Regret Retiring in Your 50s
Kailey Hagen has a piece here on how early retirement is growing in popularity, with more than a third of millennials and nearly half of Gen Z workers hoping to retire before age 60, according to a recent Goldman Sachs survey. Social…
Failing to prepare for retirement can mean ‘generational deficits’
Grace Williams of Yahoo Finance writes about the alarming number of Americans ill prepared for retirement. She discusses the issue with Derek Ferguson, chief administration officer at TIAA. Nearly 40% of Americans risk running out of money in retirement, he said,…
Why Would One Claim a Smaller Social Security check at 62?
Maurie Backman acknowledges the literature on delaying Social Security to get more. Claiming at age 62 means benefit cuts of up to 30% for life. Health issues and unexpected job loss are reasons people may need to claim early. Full…
Average Retirees Can Collect $740/mo More With This Simple Move
The age at which you file could make or break your retirement according to Katie Brockman. Most retirees will rely on Social Security to some degree in retirement. Note 88% of current retirees depend on their benefits, per a Gallup…
Overcoming the 3 Biggest Barriers to Retirement Savings and How to Overcome Them
With Social Security set to replace only about 40% of pre-retirement income, people must do their own part in their working years. Kailey Hagen advises workers to address a lack of cash by reducing expenses, increasing monthly income, or both.…