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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…
Prioritizing Retirement Savings
As we approach the new year, now is a good time to review your approach to retirement savings, even if you’re still some years away from hanging up your work clothes for good. As you may know, Social Security isn’t…
Thinking of Retirement in 2022? Read this
In this Motley Fool article, contributor Maurie Backman suggests that if you’re thinking about retiring in 2022, you may want to revisit whether that is really a good idea. The COVID-19 pandemic is still with us, and a new variant…
The Debate on Reforming Social Security Continues
Almost seems like the old movie “Groundhog Day,” where the same day was relived over and over again. Yesterday Congress discussed the latest Social Security reform proposal – The Social Security 2100 Act recently introduced by Rep. John Larson (D-Conn).…
Planning is Key to a Higher Social Security Check
There are some things in life over which you have no control, but fortunately the size of your Social Security benefit isn’t in that category. Reality is that you can exercise substantial control over how much your SS benefit will…
Be Prepared: You’ll Probably Never Get the Maximum Social Security Benefit
For 2022, the maximum Social Security benefit is $4,194, but the chances you’ll get that much are mighty slim. To do so, you would have to have earned at least the annual payroll tax cap for every year of your…
Does Working Increase My Social Security Benefit?
Most Americans who focus on retirement planning know that delaying Social Security until age 70 will yield the maximum monthly benefit amount. But, is that really the maximum? What if you claim Social Security at age 70 and you continue…
Restoring Social Security to Long Term Solvency
It seems that with every new Congress comes a crop of proposed legislation ostensibly meant to reform Social Security and improve its financial status (or, depending on your view, intended to pander to American seniors). Such is the case in…