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Be Careful Not to Forfeit Some Social Security if You Work
Christy Bieber reports 57% of current workers intend to work either full time or part time after they’ve officially retired. That’s according to a recent study from the TransAmerica Center for Retirement Studies. As a result, they’re potentially at risk of…
Claim Social Security at Age 70 to Help Manage These 3 Retirement Expenses
Maurie Backman explains how you boost your benefits by 24% – 32% over the benefit you are due to collect your full retirement. Wait until age 70. Waiting guarantees a substantial and permanent increase in benefits for life. It’s the…
Turning 65? You’re eligible to claim Medicare & Social Security. But should you?
This piece in USA Today penned by Christy Bieber notes that it pays to enroll in Medicare on time, because if you don’t, you could end up paying costly penalties that make your Part B premiums more expensive. But, if…
73% of Americans Are Buying Into a Dangerous Social Security Myth
While it is a near universal program, Social Security continues to be misunderstood by most. Christy Bieber notes that those who believe the myth covered here are poised to make a bad decision based on false pretenses. According to a…
Here’s when Social Security COLAS go into effect
The average Social Security benefit is going up about $93 per month in 2022. This article by Aimee Picchi of CBS News notes when folks should expect that. Payment dates are determined by a recipient’s birthdate: People born on the…
Rethink Claiming Social Security at 65
Ryan Downie of The Motley Fool explains claiming Social Security at age 65. It may make sense to claim at the earliest age of 62 or to wait until the maximum age of 70. He explains that delaying has real…
Changes to 401k plans, child tax credit, Social Security for 2022
The new year brings a plethora of changes to retirement accounts, mostly at the margins due to incremental inflation increases. This nj.com article by Karin Price Mueller hits on saving for retirement accounts, 401k plans, standard deductions, tax brackets, child…
Thinking of Claiming Social Security in 2022? Read this first.
If you were born in 1960, then 2022 is the year you will first become eligible to claim your hard-earned Social Security retirement benefits. Indeed, age 62 is the most popular age at which people claim – but just because…
Ex-spouse Benefits for Those on Social Security Disability
In this article appearing at LehighValleyLive.com, Karen Price Mueller answers a question from someone currently on Social Security Disability, who wonders about getting additional benefits from her ex-spouse who has recently started receiving his own Social Security benefits. The answer…
What is Your Retirement Strategy?
According to a recent study, fully 24% of Americans have absolutely no idea how much money they will need in retirement and have no strategy for finding out. That essentially means they are simply coasting along toward an unknown retirement…