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Top 10 best states to retire in
When you picture your retirement, is it full of swaying palm trees and tropical breezes? However, you may be changing your mind based on the latest Bankrate study on the best state to retire to. Every year Bankrate looks at…
What to do if you have not received your check yet?
In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit, totaling over one trillion dollars in benefits paid during the year. What happens if it is the end of the month and you…
Places that make retirement feel like a vacation
Many people feel that retirement should be treated like a vacation, a time to rejuvenate your body, mind, and soul. Discover new passions or devote more time to passions or hobbies you already have. You may be thinking of relocating…
Using your personal mySocial Security account
A free and secure my Social Security account provides personalized tools for everyone, whether you receive benefits or not. You can use your account to request a replacement Social Security card, check the status of an application, estimate future benefits,…
The two events that could reduce your Social Security Increase in 2024
The Social Security’s Cost-of-Living Adjustment (COLA) is to ensure that the purchasing power of Social Security benefits does not erode by inflation. COLA calculation is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and…
The $20 Trillion Social Security Solution
Jacob Wade recaps the Social Security Trustees warning that benefits will only be payable at 77% starting around 2033 unless reforms are made. The usual mainstay is to raise payroll tax rates and/or the wage cap so more earnings are…
Collecting Social Security– The Million-Dollar Decision
Barbara Corcoran, the celebrity of Shark Tank Fame, says “Collecting Social Security as a household is a million-dollar decision. Before you collect, you need to make sure you analyze [your options] and have a collection strategy that benefits your retirement…
Build Your Social Security Claiming Strategy Thoughtfully
Thomas Hager writing in Forbes argues one must plan carefully and thoughtfully before beginning benefits. The overall goal in the planning process should be to maximize high-earner benefits, coordinate benefits between spouses, and maximize survivor benefits. Hager lists many reasons…
Divorced? Know the Social Security Rules
Maurie Backman notes it’s a blunder that could really cost you. If you worked and paid into Social Security for at least 10 years, then you’re entitled to a monthly benefit as early as 62. You might also know that even if…
The Must See and Understand Social Security Table
Selena Maranjian’s article has this main point– you can make your Social Security benefits 24% greater or 30% smaller. You’ll want to make the move that’s best for you, buy you first must understand what benefits are paid at different…