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Making the wrong decisions about retirement
Ignorance is not bliss when it comes to Social Security and your financial security in your retirement. Making the wrong choices could result in financial insecurity in your later years. Maurie Backman discusses the three decisions that may end up…
Some ways to cut down on your travel expenses
Most of us dream of traveling the globe once we retire, but many do not because we think it will cost a fortune. However, you can jet off to different parts of the world and not have it drain your…
Don’t confuse SSI with SSA
Do you know the difference between the Supplemental Security Income program and the Social Security program? Your Social Security benefits provide partial replacement income for qualified retirees and disabled individuals, as well as for their spouses, children, and survivors. The…
Are Target funds the right choice approaching retirement?
They’ve become immensely popular, and many financial experts say target funds are a great supplement to the Social Security benefits one will receive one day. They’re simple. With target-date funds, your portfolio is rebalanced over time as you get closer…
Score a Higher Social Security Benefit in 30 seconds
Maurie Backman covers the importance of Social Security to most retirees. A key objective for all nearing retirement should be to score the largest monthly benefit for life that is possible. That won’t happen by taking benefits at 62 or…
Early retirement is one of the worst money mistakes
Economics professor and frequent CNBC contributor Laurence Kotlikoff pulls no punches in this piece: “For most Americans, early retirement isn’t just a decision to take the longest vacation of their lives — it’s one of the biggest money mistakes that they will…
3 Reasons You’re Better Off Claiming Social Security at 70
Few do it, and far fewer even know about it. It’s called waiting until age 70 to start Social Security benefits? Buy why give up 8 years of checks in the meantime? Three reasons. 1.) To maximize your monthly income;…
This Dangerous Social Security Assumption Could Wreck Your Retirement
Maurie Backman grabs reader attention with her headline, and the point of this article is straightforward– don’t rely too heavily on Social Security. The program replaces less than half of pre-retirement income. Then there is the insolvency issue and across…
What To Expect From Social Security in 2022
This quick read by John Csiszar highlights some of the changes to Social Security other than the 5.9% cost of living adjustment. Congress did not change any law, so most of the changes are automatic and due to rising inflation…
Why You Can’t Count on Boosting Your Social Security Benefits
Articles and books abound about how to boost, increase, or otherwise get the most out of Social Security. The advice can really be boiled down to one strategy– delay. Wait until full retirement age or even max retirement age of…