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Want more money from Social Security?

Your full retirement age varies based on the year you were born. Also, the amount you would receive at your full retirement age- based on your lifetime earnings. However, the amount you are entitled to each month depends on when…

The “retirement crisis” for the upper middle class

The experts continue to discuss the “retirement crisis” in America from the perspective of the lack of retirement savings; however, that is not the whole picture. Many experts ignore the retirement risks that the upper-middle class faces. What are these…

Retirement reinvented

Retirement can present you with opportunities you were not expecting. Now, with the pressure of providing for your family, raising kids, and saving for retirement, you can entertain the idea of starting your own business. There are unique options for…

Make sure your expectations of Social Security are realistic

We all dream of what we will do in retirement, maybe work on your golf game or see faraway family members, but are you prepared for it? Do you know what your Social Security will be? Not just talking about…

Could hurricanes play important role in the 2024 COLA?

How will the heightened hurricane activity this season affect the 2024 Social Security cost-of-living- adjustment? Some experts are expectorating on how the storms will impact supply shortages and price increases. Gas prices contribute to the inflation index used for calculating…

The odds of approval of your SSDI application varied greatly by state 

After you file your SSDI claim, it usually takes three to five months to decide. The time will depend on how much evidence you provide with your application. Three to five months is just the average; it can take longer…

You might be doing better than you think

Social Security benefits are supposed to replace around 40 percent of the income you earned while you were working. As of June 2023, the average check is $1,701.62, according to the Social Security Administration – but that amount can differ…

Helping your kids fund a Roth IRA

Many retirees regret they didn’t start saving for retirement earlier. But what if you can turn those regrets into actions that benefit your children and provide important lessons? You can by taking this easy step. David McClellan explains how helping…

 The IRS has postponed the catch-up contribution requirements until 2026.

Recently, the IRS announced the new catch-up contribution requirement under the SECURE 2.0 Act. The new rule affects older, higher-paid 401(k) participants to make catch-up contributions into an after-tax Roth account instead of the pre-tax traditional accounts. Although Congress meant…

These potential adjustments to the Social Security program may not seem wonderful

Heraclitus said, “Change is the only constant in life.” It may also be true about Social Security. If changes do not happen to the program, Social Security would be able to pay about 80 percent of the benefits to which…

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