Latest News
Is Social Security Going Bust?
Social Security’s demise is often written about, but the story is not quite as many think it is. True, its financial troubles are real, but perspective is needed. Maurie Backman covers that in this piece, noting that payroll taxes are…
3 Popular Ways to Maximize Your Social Security Benefit
A common question many folks ask is they can maximize their Social Security retirement benefits. Of course the best time to ask that question is before starting benefits. To that end, Kailey Hagen suggest three strategies. They are first, work…
Delaying RMDs: Is it a Good Thing or a Bad Thing?
Legislation is winding its way through congress (see The Setting Every Community Up for Retirement Enhancement Act of 2019 and the Securing a Strong Retirement Act ) that could allow for delaying those Required Minimum Distributions (RMDs) from deferred compensation…
An Argument for NOT Waiting to Age 70 to File for Benefits
Conventional wisdom is to hold off on filing for Social Security benefits until the end of the delayed retirement credit window–age 70–to get the highest monthly benefit. The basic math is sound, and that’s why on the surface it’s the…
Dispelling Social Security’s “bankruptcy” Myth
Despite what you may have heard, Social Security is not going to disappearing on you, and it will be there when you arrive at your retirement destination. Yes, there are financial bumps in the road ahead and, yes, there’s the…
5 Ways to Apply for Social Security Benefits Online
(Source: Social Security Administration) We continue to make it easier for you to access our programs and benefits. Our website offers a convenient way to apply for benefits online. You can apply online for: Retirement or Spouse’s Benefits – You…
Retiring at Age 62 Appears to Still be the Norm
CNBC’s Lorie Konish, in a post on their website, reports on Natixis’ Center for Investor Insight comments that the worldwide expected retirement age is 62. That conclusion was drawn from respondents to the The 2021 Global Retirement Index study– see…
Stock Sales and Their Impact on Social Security Benefits
It can sometimes be confusing, and so many folks have questions about what impact the sale of securities could have on their Social Security benefits. NJMoneyHelp.com’s Karin Price Mueller, in a post on lehighvalleylive.com clarifies the situation by explaining that…
COLA Watch 2022: Looking at the Potential Bump in Dollars
For the past several weeks, the airwaves have been peppered with projections of the largest Social Security cost-of-living adjustment in about 40 years. Whether you look at that as good news or bad news, the fact remains that a substantial…
Another Reason to Defer Filing for Benefits
Inflation can be a bad thing on many fronts but, believe it or not, it can have a beneficial impact on one’s eventual Social Security benefit says Rate.com’s Carla Fried in a post today on Bakersfield.com (CA). “Every year between…