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3 Great Reasons to Take Social Security Benefits at 62
Seniors can begin collecting Social Security benefits as early as age 62, and most do that. It comes with a permanently reduced amount, however. Thus, most experts advise waiting. But Maurie Backman lists three reasons why age 62 might make…
Can You Work and Claim Social Security?
Christy Bieber answers a common question seniors have– “Can I work and receive Social Security benefits?” The answer is yes, but whether or not you will have a deduction for “making too much” depends on your retirement age. There is…
7 Reasons You Might Not Receive Social Security Benefits
Everyone pays into and receives Social Security benefits, right? Not quite. Most yes, but not all. Andrew Lisa of Yahoo Finance lists seven reasons why one ight not receive Social Security benefits. They are: 1.) You Failed the Social Security…
2 Pieces of Bad News for Social Security Retirees
Christy Bieber explains how the 5.9% cost of living adjustment due to all beneficiaries in January has some pitfalls nonetheless. First, new inflation numbers report price spikes of 6.2% year over year. Second, Medicare premiums are rising 14.5%. While monthly…
Survey: Alarming Percent of Americans Don’t Understand Social Security
This, of course, isn’t really new news, because Social Security is an exceedingly complex program with over 2,700 rules explained in over 100,000 website pages at the Social Security Administration. But while knowing all, or even most of those rules…
Next Up: The Medicare Advantage Open Enrollment Period
Just as you thought those incessant TV ads would stop when the annual Medicare Open Enrollment Period ended on December 7th, guess what? Starting on January 1st and lasting until March 31st, another special Medicare Advantage open enrollment period gives…
Time for a Year-end Retirement Plan Review
As most of us know, periodic review of our retirement plan is needed to make sure we’re on track for the future. But as the end of the year approaches, it’s especially important to understand that there are financial opportunities…
Getting Your Retirement Plan Back on Track
The last couple of years have wreaked havoc on many retirement plans, what with COVID-induced employment (or un-employment) issues. But now, as our economy struggles back to its feet, it’s a good time to take a deep breath and reassess…
Turning Your Retirement Savings Into Income
You’ve worked hard all of your life, diligently saved for the future, and now the future is here and it’s time to transition into your “golden years.” So how do you take that big nest and turn it into an…
Here Comes the 2022 Cost of Living Adjustment (COLA)
Much recent news has heralded the big COLA increase coming in 2022, but not a lot has been written about what that will mean in dollars for the average Social Security recipient. This SILive.com (Staten Island, NY) article by Jessica…