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What about never retiring?
As crazy as it sounds, a recent report from the Transamerica Center for Retirement Studies found that a stunning 68% of baby boomers note they plan to continue working past age 65 or never retire at all. Katie Brockman reviews the findings, the…
3 Great Reasons to Take Social Security Benefits at 62
Christy Bieber reviews the conventional wisdom on waiting to take Social Security benefits until at least full retirement age rather than at age 62 to avoid early filing penalties that make for permanent reductions. She notes, though, that the penalty might…
Why You May Wind Up Relying More on Social Security in Retirement
Katie Brockman cites a recent report from the Transamerica Center for Retirement Studies showing that U.S. workers as a whole have saved just $50,000 for retirement. Among baby boomers, who are in the midst of retiring, the median worker only has about $144,000 stashed…
The Numbers Don’t Work Relying on Social Security Alone
Experts have been trying to get the message out for decades that it is nearly impossible to live on Social Security alone. Indeed, the program was never even intended as such. It’s supposed to be part of a three-legged stool…
Tap Retirement Savings Or Start Social Security?
For those between 62 and 66 it is an especially tough time if one has suffered financially due to Covid-19. Steve Vernon writing in Forbes argues to leave Social Security and 401k plans/IRAs alone and exhaust every other possible option such…
The Payroll Tax Cut Idea, Again
President Donald Trump has again come out in favor of a payroll tax cut to ” … help the American economy to continue to recover from the shutdown caused by the COVID-19 virus.” And once again, the debate on the wisdom…
Remembering Rep. Sam Johnson
The Heritage Foundation’s Rachel Greszler, research fellow in economics, budget, and entitlements in the Institute for Economic Freedom, offers a fitting tribute to the life and accomplishments of Rep. Sam Johnson, who died of natural causes May 27 at age 89.…
More on the Realities of Our Social Security Situation
In a post today on Newsmax.com, columnist Trevor Gerszt offers thoughts on the truths of Social Security, including a recap of how the program is structured and how its financing has evolved over time. Gerszt also discusses the political situation surrounding Social…
A Second Stimulus Check? Maybe, Maybe not.
The “Heroes Act” is causing a stir these days, as many folks speculate on whether a second round of stimulus payments might be in the offing. But, according to Forbes contributor Zack Friedman, final resolution of the matter will likely not…
Your Retirement Age: What’s Ideal for You?
There’s an early retirement age, a full retirement age, and a deferred retirement age. Deciding which one is appropriate for you can be a mind-boggling exercise. So, what’s an “ideal” retirement age? The Motley Fool’s Katie Brockman discusses the science for…