Latest News
When is it Wise to Claim Social Security at 62?
Deciding when to claim Social Security can be confusing. Most professional advisors suggest you wait as long as possible because your benefit continues to grow until you are 70 years old, so the longer you wait the more your benefit…
“Spooky” Halloween Facts About Social Security
Right on the heels of Halloween, this Motley Fool article by Maurie Backman relates some spooky things about Social Security – that if you claim too early your benefit will be permanently cut by as much as 30%, and that Social…
More Support for the “Don’t Retire Early” Argument
The argument on whether to retire early or late is a back-and-forth debate, which news posts repeatedly advocating pro and con positions. Here’s another one, this one highlighting three key reasons why the ever-popular early retirement decision can produce some…
Viewpoints on Future Retirement Life
“Middle-class Americans are struggling to accumulate sufficient financial assets during their working years,” said Tyler Bond, manager of research at the National Institute on Retirement Security. That quote, appearing in a CNBC post by Kate Dore, CFP puts a pretty broad…
COVID-19 Notch–Bullet Dodged
For the past two years, there were persistent concerns about how the National Average Wage Index (NAWI) would affect people turning 62 during the pandemic years. The concern, of course, was that the NAWI is a factor in setting the…
Planning for Social Security’s Demise
Cyberspace is awash with reports and projections of Social Security’s disappearance in the early part of the next decade, and financial pundits across the country continue to chime in with accounts of the program’s worsening situation. Without question, Social Security…
Halloween’s Approaching, and Here’s Some Scary Stats (About Social Security, Anyway!)
ThinkAdvisor’s Ginger Szala, in the spirit of the pre-Halloween days, takes a look at some fairly tormenting statistics about our Social Security program in an article posted on their website. Ranging from trust funds potentially running dry in little more…
More Viewpoints on Social Security 2100 Bill
The news lines are humming with perspectives on the “Social Security 2100: A Sacred Trust” bill dropped earlier this week, with a long list of co-supporters joining the ranks. With now over 200 Representatives weighing in on the bill and…
Maximizing Your Social Security Payout–It’s a Conundrum!
Or, at best, a riddle or a mystery. There are some basic unknowns (like how long you’ll live, how long your nest egg will last, how much you’ll spend, etc.) that render it virtually unachievable to get a firm answer…
More Thoughts on Deferring that Social Security Decision
It’s well known that age 62 is the most popular age for folks to claim their Social Security benefits, even though they absorb a substatial–25% to 30%–discount on their monthly payment. And, it’s a permanent discount…it doesn’t increase at full…