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Don’t Let These 3 Social Security Regrets Wreck Your Retirement
According to a 2019 study conducted by the Michigan Retirement and Disability Research Center at the University of Michigan, 22% of retirees say they have Social Security regrets. Claiming Social Security too early is among the regrets, with 1-in-5 retirees…
10 states disbursing huge Social Security checks
Why is it that a little more than 25% of the retirees in just 10 states bring home at least $6,000 in annual Social Security retirement benefits above the national average? That’s the focus of this piece by Foxbusiness.com. Before digging into the details as…
4 Things to Do Before Dec. 7th During Medicare Open Enrollment
While over 65 million collect Social Security retirement benefits, Kailey Hagen reminds the 62 million folks on Medicare that they need to turn their attentions from the election to the remaining time left to adjust their insurance plans. December 7th is…
3 Steps to Retiring Early Even if You Have No Savings
Many people dream of retiring early, but relatively few are able to do so. According to a survey from TD Ameritrade, 50% of Americans say they’d like to retire by age 60, but only 33% expect to be able to do…
Why Social Security Needs to Change the Way It Calculates Raises
Maurie Backman takes readers through how Social Security calculates the annual cost of living adjustment (COLA). She discusses why COLAs have been so low and what might be done to improve on that. Between 2002 and 2011, Social Security COLAs averaged 2.43%, in…
Might You Regret Waiting Until 70 to Claim Social Security?
The general mantra is always delay Social Security as long as possible, to age 70 if possible, to maximize your monthly benefit for the rest of your life. But is that universal advice, in other words, is it always wise? Christy Bieber…
48% of Retirees Aren’t Tracking This Major Retirement Expense
Health care is the wild card in retirement. Nearly half of retirees are not tracking what they spend on healthcare according to a recent study from insurance company Allianz Life. A paper from the Center for Retirement Research at Boston College…
A 35-Year Low for This Soc Sec Stat Is Reason to Celebrate
Sean Williams reports on one good statistic in an otherwise sea of bad news on Social Security’s long term financial health and outlook. Between 1995 and 2016, more than 70% of retired workers receiving a benefit had their payout reduced for…
Expedited Handling of SS Disability Claims for Wounded Warriors
Regardless of our political persuasion, we can all agree that our “wounded warriors” deserve special treatment, especially those veterans who are disabled as a result of their service to our country. And for that purpose, the Social Security Administration provides…
Start Early for a Comfortable Retirement
There’s hardly a financial planner alive who will not suggest you start saving for your retirement very early in your lifetime. A stark reality, though, is that it’s usually difficult early in life to put money aside for retirement while you’re trying…