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The Argument for “Easing In” to Retirement
Sudden movements can be scary. If you have a dog, for example, you know that quick, unexpected gestures often cause them discomfort. Life is a lot like that, and most folks, especially seniors, like to carefully plan changes in their…
More Thoughts on the “When to File” Question
On the surface, it sounds like a fairly simple decision: file early and get less in monthly benefits but for a longer time, versus wait as long as you can, maybe to age 70, and get a higher monthly benefit…
The Importance of Getting Social Security Guidance
As documented in a post by Investment News Contributing Editor Mary Beth Franklin, the volume of retirements has recently blossomed, outpacing the rate of retirements seen in the period following the Great Recession through the pre-pandemic era of 2019by a wide margin.…
The Elusive Maximum Monthly Social Security Benefit
The highest monthly benefit paid by Social Security this year is $3,895, and with the 5.9% COLA coming in January, that monthly max goes to$4,194. So, the question on the minds of many retirees and future retirees becomes “How do I…
Thoughts on coping with cash shortfalls in retirement
The issue of an inadequate nest egg to support financial needs in retirement is nothing new, but there are some fundamental actions you can take both pre- and post-retirement that could help ease the pressure during that life phase. The…
What should I do if I get a call claiming there’s a problem with my Social Security number or account?
(Source: Social Security Administration) If there is a problem, we will mail you a letter. Generally, we will only contact you if you have requested a call or have ongoing business with us. The latest scam trick of using robocalls…
Lack of savings again found concerning by more than half of American workers
A recent Bankrate survey reiterated what has been a recurring concern among American workers looking ahead to retirement. In fact, “…a full 52 percent of American workers say their retirement savings are not where they need to be.” Fox 25 reporter Mireya…
Some Strategies for Stretching Your 2022 Social Security COLA
CNBC.com personal finance reporter Lorie Konish provides some strategic suggestions for making your 5.9% Social Security cost-of-living adjustment go further in the coming year in a post on their website. In her post, she puts the importance of carefully planning…
Recapping Some Holiday Dinner Chats About Social Security
In this interesting post, Investing Daily’s Jim Pearce recounts some insightful around-the-table exchanges he and his family had while enjoying their Thanksgiving dinner. Not surprisingly, since he points out that his family gathering consisted of all 60-something participants, the talk…
Some Social Security Rules That Can Impact You…and Not in a God way!
Social Security is one of the most–perhaps the most–successful social welfare programs in our country’s history. But while it’s a pretty good deal, there are nevertheless some detractors that many folks entering this program are unaware of. This lack of awareness…