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Annual list of the best and worst states for retirement
The personal finance website Bankrate.com rates all 50 states from best to worst for retirement, factoring in criteria such as weather, crime rates, cultural opportunities and affordability. To find out where your state landed on the annual list of the…
Social Security spousal benefits rules
You may be eligible for spousal Social Security benefits if you are married or were married in the past. The amount you receive will be determined by factors including your spouse’s full benefit, when you begin payments and your own…
Social Security benefits are not exempt from being taxed
Many people are surprised to find out that Social Security benefits are not exempt from being taxed. Even though your state doesn’t tax your Social Security doesn’t mean those benefits cannot be taxed on the federal level. The attached article…
Post-retirement blues
As they enter retirement, some seniors may struggle with their value or sense of purpose and some, finding fulfillment can feel like an uphill battle according to The American Psychological Association. However, there are meaningful activities that can help prevent…
Even healthy individuals need to save for healthcare costs in retirement
Why would healthy individuals likely to have higher medical costs in retirement than their less-healthy counterparts? Because they will likely to live longer than average, and healthcare costs tend to increase at the end of the life. A recent report…
Things to consider as you prepare for retirement
For anyone getting close to retiring, there are some key aspects to your impending new status you need to review. While some people may have been saving and planning for decades for retirement, others might have given little thought to…
Learn how efficient Social Security is
Retirement before debut of Social Security in 1935 was a much riskier time of life for older Americans. The program was designed to help Americans live more comfortably in their post-work years, and it has been a resounding success. But,…
Some Americans say they will never retire
According to a recent poll from The Associated press-NORC Center for Public Affairs Research, nearly one-quarter of Americans say they never plan to retire. However, experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their…
Who qualifies for a Social Security benefit
It’s no secret that Social Security each month sends out more than 61 million checks, but the program’s importance is not reflected in how much Americans actually understand the program. Myths and misconceptions abound, and those start with the basic…
The most common myths surrounding Social Security
The experts tell us that most people would be better off waiting to claim Social Security benefits, yet most people file early. Of course, some people have little choice since they may have no savings and no job. While others…