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A Realistic Look at Retirement Financing
Yahoo!Finance reporter Jordan Rosenfeld, in a post on their news page, provides a dose of reality for many folks looking ahead to their retirement years…especially those taking a pragmatic look at financing that segment of their lives. In addition to several key,…
Today is “World Elder Abuse Day”–Social Security Scams Abound!
Social Security public affairs specialist Charo Boyd offers thoughts on how Social Security-related scams factor into the mistreatment of, and violence against, older people. Her post, carried on www.kokomotribune.com, describes the many ways scammers and fraudsters target older Americans, and offers clarification on…
Leaving the Workforce Early and How it Impacts Benefits
Larry Kotlikoff, Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, responds in this post to several questions about Social Security, beginning with one addressing a situation where the future retiree is leaving…
The Early Filing Strategy, Again
There is really no one-size-fits-all answer to the question of when to file for Social Security benefits, other than never waiting until after your 70th birthday. Many financial advisors will suggest unequivocally to delay to you full retirement age or…
The Joy of Financial Independence, and Where Social Security Fits Into the Picture
Daily Camera contributor and Certified Financial Planner David Gardner offers some poignant thoughts on the wonderful world of financial independence, from how you achieve it to how you sustain it. His article is part philosophical (I particularly like this passage: “Most…
Men: Check this out…there may be a health benefit to staying in the workforce!
Financial analysts routinely advise clients to work longer as a way to accumulate savings for retirement and, most importantly, to defer filing for Social Security benefits and allow them to grow. According to the Center for Retirement Research at Boston…
Stimulus Check Still Missing? Here’s What You Need To Know
The IRS has already paid out nearly $400 billion in so-called “stimulus” payments, but there are still some who haven’t yet received their check. There are myriad reasons why you may not yet have received yours, from mail delivery issues…
Inflation Likely to Fuel Higher COLA Next Year
If you’ve spent any time in a supermarket lately, or if you buy gasoline for your vehicle or eat out occasionally, you’re already aware that inflation is taking a big chunk out of your disposable income. Prices have risen sharply…
Social Security Will Be A Big Part of Your Retirement
Talk to anyone who is collecting Social Security and you’ll likely find that it is a major part of their retirement income. Of course, how much of a part depends on each person’s overall financial situation, but the odds are very…
The Roth IRA (Individual Retirement Account), explained
It’s hard to have a conversation with a Financial Planner without the words “Roth IRA” coming up. And with good reason – the Roth IRA allows you to invest for your retirement and avoid paying taxes on the proceeds from…