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When Should You Stop Building Your Nest Egg?
Nearly every Financial Advisor will encourage you to start saving early and contribute as much as possible to build your retirement nest egg. And most will continue to suggest saving for your so-called “golden years” right up to the point you…
Should You Claim Social Security at Age 62?
There are a lot of really good reasons to wait until at least your full retirement age, and perhaps even longer, to claim Social Security. But sometimes life’s circumstances conspire to make claiming earlier a prudent choice too, especially if…
Social Security Changes You Should Know About
The Social Security Act is a massive piece of legislation providing retirement benefits to about 64 million beneficiaries. Such a complex system which affects so many must rely on some automatic adjustments to the program to keep pace with both inflation and…
Inflation Outpaces Meager 2021 COLA Increase
In what shouldn’t be a surprise to anyone, a recent study has revealed that most senior citizens on Social Security aren’t happy with the 2021 Cost of Living Adjustment (COLA). This year’s Social Security benefit increased by only 1.3%, or about…
Faster Processing of SSDI Claims for Early-onset Alzheimer’s Patients
The Social Security Administration has added early-onset Alzheimer’s Disease to its “Compassionate Allowance List” or “CAL.” The CAL is a list of serious medical conditions which essentially offers expedited handling of Social Security Disability Insurance (SSDI) claims for those suffering…
Three Questions You Should Be Able To Answer Before Claiming Social Security
Few things will have a more profound affect on your retirement future than the size of your Social Security payment. Indeed, Social Security is a “major” source of income for nearly 90% of retirees, so it makes perfect sense to understand where…
Social Security’s Services – A Statement By The Commissioner
Anyone who has tried to contact Social Security recently knows that the COVID-19 pandemic has taken its toll on services provided by the Social Security Administration. As most private companies have scrambled to adapt to pandemic-induced restrictions, so has the…
How To Maximize Your Social Security Benefit
The rules surrounding your Social Security benefit are quite voluminous and often confusing, but there are several basic principles which can keep you on the right track. If, like most Americans, Social Security will represent an important part of your retirement income, then maximizing…
Saving for retirement is a gift to your future self
“Saving for retirement is a gift to your future self.” However, the Federal Reserve Board reports 25 percent of the working population has nothing saved for retirement. But rest assured, there is still time to start saving no matter what…
What to do with your old 401(k)
You decided to take that new job; now you need to decide what to do with your 401(k). There are different options available which include; keeping your account with your former employer or rolling it over into a new tax-deferred…