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Don’t make these mistakes in retirement
Most of us look forward to the day when we can finally hang up our work clothes for good and laze idly in the sun dreaming about what we might want to do tomorrow. And most people know that planning…
Will Social Security go “bankrupt?”
It might be called a play on words, but Social Security can never really go “bankrupt” in the sense that it won’t be able to pay any of it’s obligations to America’s senior citizens. But that doesn’t mean that there…
Where does Social Security fit in your retirement plan?
Let’s face it – Social Security will be an important part of nearly everyone’s retirement plan. Given that fact, it makes a lot of sense to pay close attention to when and how you claim benefits, because what you get…
Retirement Savings: How much should you have?
One of the biggest factors in any retirement plan is how much money you will need to have saved before you start your golden years. That is, how big should your nest egg be to cover expenses over and above…
Who can get Social Security benefits?
Most people think of Social Security as a retirement program for older senior citizens, and for about 70% of America’s Social Security’s 63 million recipients that’s exactly what it is. But Social Security is much much more than just a…
Social Security: Could higher China tariffs mean bigger COLA?
Social Security’s Cost of Living Adjustment (COLA) is meant to keep benefits for seniors who are dependent on the program at least on a par with inflation. COLA is determined each year by changes to the Consumer Price Index which…
Consider risk in your retirement planning
As the saying goes, “The best laid plans of mice and men often go awry,” and that is especially true in your retirement plan. Have you included “longevity risk” (outliving your money) in your plan? How about “inflation risk” or…
Where Social Security should fit into your retirement plan
There are few who would argue against the fact that Social Security will play an important role in nearly every American’s retirement plan. But unfortunately, far too many people overestimate what their Social Security income will look like when they…
Myths about Social Security can hurt you
It’s somewhat ironic that America’s most significant financial benefit program, Social Security, is a victim of an untold number of myths. The really unfortunate thing is that some of these myths can lead you to making the absolutely wrong decision…
Could delaying your Social Security claim backfire on you?
Many financial advisors are quick to tell you that the best way to maximize your Social Security benefit amount is to wait as long as possible, even up to age 70, to claim your benefits. And while that is quite…