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How Social Security could help save you in retirement
According to a recent survey by Transamerica, the median retirement savings balance among workers today is $93,000. This is a respectable sum; however, these funds will be depleted in your later years. All is not lost; the good news is…
Insurance for a secure retirement
Retirement is the time to do all the things that you always wanted to do but didn’t have time for while pursuing your career. But to make sure that your retirement years are secure for you need to have peace…
Most Americans are lacking in knowledge about Social Security
Two in five Americans don’t know the eligible age to receive full Social Security benefits. Americans are lacking in knowledge about the functions of Social Security, according to Nationwide Retirement Institute. Their recent study found that Americans across all generations…
Include your new name on your Social Security record
Are you legally changing your name? If so, let Social Security know so they can update your information, send you a corrected card, and make sure you get the benefits you’ve earned. But how do you go about doing that? …
Beware the dangers of homeownership in retirement
What are the advantages of owning your home in retirement? First, you own an asset that could be worth a lot of money. Second, you don’t have to worry about your mortgage payments climbing over time. Now, what are the…
What it will take to build a better retirement system
Most experts agree that it is necessary to boost retirement savings; however, they don’t all agree on how to go about it. In a recent webinar hosted by Brookings Institution entitled Building a Better Retirement System for all Americans, the notable experts…
Did you include these expenses in your retirement planning?
Nobody wants to go broke in retirement; however, you may find that your retirement will cost more than you planned. If you are worried about not having enough money in retirement, you need to become aware of the reasons that…
Four strategies to boost your Social Security check
In 2021, an average of 46 million Americans per month will receive a Social Security benefit of $1,544. The Social Security maximum benefit that an individual can receive per month in 2021 is $3,148. So how do you get a…
Retirees can be resilient and flexible and still be satisfied with life
Although many studies conclude that most pre-retirees haven’t saved enough money to reach a common goal for their retirement of replacing 70 to 80 percent of their gross pre-tax pay while they were working, but is this truly a crisis?…
The do-over option
Unexpected life changes may occur after you apply for Social Security retirement benefits. If you change your mind about starting your Social Security benefits, you can cancel your application for up to 12 months after began your retirement benefits. This…