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Social Security: It’s Here to Stay
It may be somewhat of a “good news – bad news” situation, but make no mistake – Social Security isn’t going bankrupt and will be here for you in your golden years. So what is the bad news? Well, for…
The Role of Life Expectancy in Retirement Planning
“How can you plan for your retirement if you don’t know how long it will last?” A profound question, indeed, if you consider that your goal should be to have a large enough nest egg so that you don’t run…
Who is most (least) prepared for retirement?
A recent Vanguard survey found that 85 percent of Gen Z’ers surveyed said retirement benefits were a chief concern in their job hunts. Both Gen Z and millennials are saving more in their workplace retirement plans than previous generations due…
When someone dies
Social Security retirement benefits are paid in the month following the month for which they are due. It’s important to understand that Social Security only pays benefits for a specific month if the beneficiary was alive for the entire month.…
How to achieve the maximum amount
The maximum monthly Social Security benefit for 2024 is $4,555. There are three steps involved in achieving the maximum benefit. What are they, and can the average person achieve them? Keith Speight outlines the three steps and suggests even if…
Why you should prioritize saving for retirement
Saving for retirement can seem like a daunting task and one that you might think you do not need to be concerned with right now, especially if retirement is far off. Balancing financial priorities is tough, but choosing the right…
What is Medicare Part A
What Is Medicare Part A? Medicare Part A helps cover your inpatient care in hospitals, critical access hospitals, and skilled nursing facilities (not custodial or long-term care). It also helps cover hospice care and some home health care. You must…
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…