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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…
Getting the Maximum Social Security benefit…Not an easy task!
The highest individual monthly benefit available under Social Security this year is $3895. So, you may be wondering, “Just how do I do that, since the average benefit payment is less than half of that?” Simple, as explained by The…
“Unclaiming” Social Security Benefits
There are situations where a Social Security claimant has a legitimate reason for wanting to “un-claim” their benefits. It does happen, as in cases where the person may have lost their job and elected to file to deal with absence…
Shoring Up Your Finances in Retirement: Dealing with Social Security’s Shortfall
By design, Social Security is intended to supplement your retirement–not totally fund it. In fact, on average the program replaces only about 40% of one’s pre-retirement earnings level. So, what do you do? Yahoo Finance’s Casey Bond has some thoughts on…
Early Retirements Fueled by COVID-19
MarketWatch’s Steve Goldstein, reporting on the results of a recent study suggesting that the COVID-19 pandemic has fueled the decision by 3 million Americans to pull the plug on retirement earlier than planned. Citing the recent surge in asset valuations as one contributing…
Three Social Security “Must Knows”
Anyone aging into Social Security eligibility, or anyone past age 62 who has not yet filed for benefits, really needs to understand three very basic factors that affect the benefits they’ll ultimately receive. It’s surprising to us here at the…
Social Security 2100 Bill – A New Iteration Coming Soon
Any day now, a new version of the sweeping Social Security expansion bill proposed in previous Congressional Sessions by proponent Rep. John Larson, D-Ct. is expected to drop. Originally planned for submission tomorrow (10/27), formal release of the bill is…
Retirement doesn’t mean you need to stop working!
The “old school” mindset about retirement was that you’re basically done being a productive member of the society of workers, and that once you’ve reached that mile marker, there’s nothing left for you professionally or vocationally. Well, that was then,…