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Get Your $500 if on Social Security & You Didn’t Receive It
Zack Friedman of Forbes notes that many seniors with dependent children did not receive a $500 dependent payment under the CARES Act (stimulus bill) passed in March. A senior with a dependent child age 16 and younger had to visit the IRS website and use the…
What’s the Best Age to Claim Social Security for 60% of Retirees?
You can claim Social Security benefits as early as age 62, and they will be the lowest monthly amount to which you are entitled, though you’ll get more checks. Wait until age 70 and the monthly amount is the highest…
Where Will Your Retirement Savings Be 10 Years from Now?
As Catherine Brock reports in this piece, Americans aren’t even sure how much money they’ll need to retire never mind predict the balance in their retirement savings decade from now. Social Security’s on-line statement can people give a rough estimate of future benefits,…
Factors to Consider Before Claiming Social Security
The key to getting the most out of the Social Security program is working hard to boost your income while you’re still employed and then choosing when to begin receiving benefits thoughtfully according to Kailey Hagen of The Motley Fool. …
3 Reasons Retirees May Regret Claiming Social Security at 62
When one should start their Social Security benefits is such an important question– age 62, 66, 67, 70 or any age in between? Christy Bieber of The Motley Fool states there are three reasons why you may wish you hadn’t…
Where could one enjoy a nice retirement without paying state income tax on Soc Sec?
In a rather different type of piece, Silvia Ascarelli of MarketWatch responds to a reader’s inquiry (age 68) about retirement possibilities where she could forgo paying income tax. While there are many states that do not tax benefits, the author focuses…
The Ominous Cost of Retirement Healthcare
Perhaps one of the most egregious errors made in retirement planning is underestimating the cost of healthcare in your golden years. “No one wants to be old, sick and broke” as related in this Forbes article by contributing financial advisor Frank…
How to See Your Lifetime Earnings Record for Social Security
Your lifetime earnings record, or rather, the highest earning 35 years over your lifetime, is what your Social Security benefit amount will be based upon. So, obviously, making sure that your lifetime record is correct is important to assuring you get…
You Need More Than Social Security to Retire in Comfort
Social Security was never intended to be the sole source of retirement income for American seniors. Nevertheless, a recent study found that about 20% of American seniors have no source of income other than Social Security to sustain them. As…
Lowering Medicare Age to 60? A Step Toward Socialism
With unwavering consistency, those on the political left push for change that expands Government and lessens individual choice. Obamacare is a prime example of that strategy, which didn’t pan out the way most on the left had dreamed. Promises broken and…