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A Crucial Social Security Mistake
A recent survey from the investment management firm Schroders is out with a finding that is raising alarm– 52% of U.S. adults age 45-59 have no idea what their future Social Security benefit amount may look like. Katie Brockman advocates here that one create a…
Social Security Strategies For Those Low on Savings
Maurie Backman reminds us the Social Security replaces just 40% of pre-retirement income, and it is not sufficient to cover the bills for Americans in retirement. Savings have always been the cushion needed for decent golden years. For those approaching…
Be aware of Social Security myths
Financial advisers are wise to cover the many faceted parts, including myths, of the Social Security program. Sarah Cecil of Edward Jones covers these four myths in the West Seattle Herald, and then explains the truth, here: 1. Always take…
President Trump’s State of the Union Speech
President Trump delivered his third State of the Union speech to a joint session of Congress on Tuesday, February 4th. His remarks on Social Security amounted to only, “And we will always protect your Medicare, and we will always protect…
Trump backs off entitlement reform
Entitlement reform has eluded Congresses and all presidents since the last major change to Social Security in 1983. While President Trump signaled an openness to looking at the programs just two weeks ago, he effectively shut that door during his…
Don’t Botch Your Social Security Filing
Maurie Backman notes the tremendous freedom people have to choose when they file for their Social Security retirement benefits– essentially any age between 62 and 70. But one could easily harm their financial situation for life by claiming at the wrong…
How to secure a more robust Social Security check for life
People do not always understand how to maximize their Social Security, a benefit they’ll receive for the rest of their lives. The keys are actually simple, but they require some forethought and planning. First, one should try to work for 35…
Why 40% of Millennials May NEVER Be Able to Retire
That’s a scary headline in this great article by Maurie Backman. She explains that the typical $18,000 per year current Social Security benefit hardly covers even the basics. That many Millennials are not saving enough on their own is well…
Why Do So Many Claim Social Security at 62?
Want a permanently reduced benefit for life? Then start your monthly Social Security retirement benefits at age 62, the earliest possible. Waiting pays, and the longer you wait the bigger the monthly check for the rest of your life. Kailey…
Social Security and death. Now what?
Tom Margenau answers a variety of important questions as they pertain to Social Security and the death of a loved one in this brief Q and A article. It’s the issue of dealing with that last Social Security check that befuddles…