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When to postpone retirement
Maurie Backman says it may make sense to keep working if certain factors pertain your retirement situation. The shorter you are on savings will likely mean having to work more years, as Social Security only replaces 40% of pre-retirement income. …
Things That Stink About Social Security
Maurie Backman notes the importance of the Social Security program for millions of Americans. But the program has aspects that many do not like. First is benefits are taxed at the federal level and 13 states. Second is what many…
Retire Rich by NOT Relying on Social Security
With Social Security replacing just 40 percent of pre-retirement income, it’s easy to state that a financially secure, even rich, retirement will require one to not count on the program alone. Saving and setting goals is the key according to Katie Brockman. She…
Still Time to Switch if you don’t like your Medicare Advantage Plan
If you’re not happy with the Medicare Advantage plan you signed up for last fall, then you’re in luck. That’s because until the end of this month, we are still in the Medicare Open Enrollment period which allows you to…
The Case for Waiting until Age 70 to Claim SS
Another article appearing in today’s posting makes a case for claiming Social Security at full retirement age. This article by Maurie Backman which appears at the International Business Times poses a much different scenario – waiting until you reach age 70…
What to do if you get a Suspicious Call From Social Security
Scammers and tricksters, cyber-criminals and down-right nefarious persons seem to be constantly trying to get at your personal information and, ultimately, your money. And sometimes this comes in the form of a phone call from a person who claims to…
The Case for Claiming SS at Full Retirement Age
It’s pretty simple, really. You have an 8 year window to claim your Social Security benefits, starting at age 62 and up to age 70 when your benefit amount will reach maximum. And somewhere close to the middle of those…
Retirement savings have become a huge problem
Retirement savings is a huge problem among all age groups in the United States. A report from LearnBonds found that despite planning, nearly 50 percent of Americans have less than $100,000 saved for their retirement. Why? Several factors are involved including…
Avoid this post retirement panic attack
Retirement is challenging; you can be caught off guard financially or emotionally. You are now exchanging a regular paycheck to living off of your retirement savings. The stress is simply the psychological disruption caused by the sudden need to arrange…
It’s not too late to join the FIRE movement
For most of us, when you think of members of FIRE (Financial Independence Retire Early) community, we think millennials, 20s, 30s and 40s but there is a growing interest from people in their 50s and 60s. According to the majority…