Latest News
When You Shouldn’t Wait Until Age 70 to Claim Social Security
If you follow Social Security articles at all, you’re sure to see that most financial advisors will suggest waiting until age 70 to claim your Social Security benefits, and that’s because age 70 is when your SS benefit reaches maximum.…
Some Pre-Retirement Thoughts on Finances and Social Security
Anyone beginning to think seriously about that life phase called “retirement” needs to take a deep breath and focus on some fundamentals, beginning with what happens when the regular paycheck stops. Dealing with this shift in livelihood requires some careful…
COLA Watch, 2023 Edition. An expected announcement date.
The airwaves continued to be pummeled by forecasts of a substantial cost-of-living adjustment (COLA) for Social Security beneficiaries in January, along with a few that caution against expecting too much. In any event, The Motley Fool’s Sean Williams puts a…
Calculating cash needs in retirement…maybe it’s not as bad as you think?
Here’s something different…an article suggesting that you may be over-preparing for your cash needs in retirement. The thinking is that many of the projections for how much you’ll spend in your later years (80% of your pre-retirement earnings level is…
Thinking About Retirement and Social Security? Some Key Things to Know.
If you’re just beginning to explore how Social Security will factor into your future retirement plans, there’s a lot you need to know. So let’s start with some fundamentals, and a post by The Motley Fool’s Trevor Jennewine can help you…
Immigrants and Social Security Cards
In a recent post on 2news.com (Nevada), a caller raised a concern about immigrants (in this case re-settled refugees from Afghanistan) receiving Social Security numbers. The explanation provided by the news station quotes content from the Social Security Administration website…
Filing for Benefits Early: There are Pros and Cons
Electing to begin drawing Social Security benefits before your full retirement age is still the most popular move those aging into the program make. And there are often very sound reasons why, including health issues, cash needs, etc. But when…
Social Security: A Look at the Averages
Many of us like to know where we stand in relation to everyone else, and that’s likely true when it comes to how we compare to millions and millions of people who draw benefits from our country’s Social Security program.…
Don’t Panic Over Misleading Headlines!
We see them every day…the click-bait headlines warning us of catastrophes if we don’t read and understand the content of a particular article. And the murky world of Social Security is an area that is rife with such articles, with…
“The Best-Laid Plans”–A Proverb That Might Describe Your Future Social Security Objective
As the proverb goes, “the best-laid plans of mice and men oft go astray.” And when it comes to planning for Social Security benefits, sometimes the boilerplate advice from the financial community to defer filing to your full retirement age (or age 70 if you can) ends of being subject…