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Retiring early may be more possible than you think
Retiring early might be a pipe dream but according to the Center for Retirement Research, 37 percent of workers have retired earlier than they had planned to. Whether or not you plan to retire early or not, there are three…
Healthcare can often constitute seniors’ greatest expense in retirement
It is encouraging to learn that 84 percent of seniors today think their retirement has been as good as expected, if not better, according to T. Rowe Price. However, according to T. Rowe Price, many seniors have money-related worries on…
The more you know about things that can influence your Social Security benefit
Majority of us spend our working lives paying into Social Security so that we can receive benefits in retirement. The more you know about the your Social Security benefit, the better the decisions you can make related to it. The…
One in three Social Security recipients get taxed on a portion of their monthly check
One of the most surprising things about Social Security is that it’s benefits can be subject to income tax. Roughly one in three (20 million households) recipients do get taxed on a portion of their monthly checks. The attached article…
Retirement planning: don’t settle for just the money aspects
All too often, retirement planning focuses only on two things – how much you have saved and how long you will live. There’s no doubt that those are important, but planning for how much money you’ll need should take into account…
Save your Social Security card; you’ll need it for “RealID”
In a somewhat tongue in cheek narration of his visit to the Motor Vehicle to obtain a “RealID” license, reporter Dennis Dalman describes how not having his Social Security card on hand meant her couldn’t get that special “RealID” drivers…
A special option for those born before 1954
Almost all of those approaching Social Security age understand that a worker gets benefits on their own work record, and a lower earning spouse can often get additional spousal benefits added on top of their own. Of course there are conditions for…
The 3 most reviled Social Security rules
Few would argue that Social Security isn’t America’s most important entitlement program (you paid into it, thus you’re entitled to it). And although the program is astonishingly complex with over 2700 different rules and regulations, there are 3 rules reviled by…
America’s retirement crisis is real
We hear a lot about America’s “retirement crisis” – so much so that it sometimes seems to be hyperbole. But not so, according to financial guru Frank Holmes. As per his comments in this Forbes article, America’s retirement crisis is…
The big healthcare cost that Medicare doesn’t cover
Most people on Medicare know that it doesn’t cover everything, and there are also deductibles for both Part A and B. But one big thing that Medicare doesn’t cover is dental care, which eats deeply into the wallets of a…