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Are you worried you’ll run out of savings?
You have saved money for your golden years throughout your career and now that you’re actually retired, you’re concerned about depleting your nest egg prematurely. Running out of money as a senior is a legitimate fear, but if you take…
How to prepare for a possible unplanned early retirement
Early retirement is a wonderful thing if you have planned for it but for some, early retirement can strain finances and cause stress. According to a recent Transamerica survey, 56 percent of retirees reported retiring earlier than they had planned…
Accessing your Social Security account
With more than 60 million Americans relying on the income that Social Security provides, and tens of millions more are counting on Social Security to help them make ends meet, you owe it to yourself to know the latest about…
Better to plan for Social Security’s 2034 crisis now
The year 2034 is reported in any article explaining the financial problems facing Social Security. That is when benefit payments will be cut automatically by about 21% unless Congress passes reform before then. The amount sent to beneficiaries in 2018…
Social Security & the rest of one’s nest egg
Over 62 million people are receiving monthly Social Security benefits in 2019. This informative piece by TD Ameritrade explains the very basics of Social Security and how individuals can maximize their benefits. It also explains how Social Security might fit in…
The Continued Ignoring of Social Security’s Problems
The Oklahoman Editorial Board writes here that both parties continue ignoring any changes to Social Security, despite the program facing partial insolvency by 2034. Morgan Stanley’s December report suggested that faster growth should delay Social Security’s insolvency “perhaps by decades.” …
Why we should talk more about money
While discussing how much money people make with each other is generally considered a taboo, in this piece Maurie Backman suggests we should be talking more about money, especially with family. He also suggests opening up more with friends and…
Social Security from A to Z
Social Security is widely known for paying retirement benefits, but the program is complex and encompasses so much more. Selena Maranjian’s piece here explains how Social Security is funded, the challenges going forward with the program, how to apply, maximizing benefits,…
Social Security: Take Now or Later?
It is often the biggest decision one could make in a lifetime, one without an easy answer. Should one take Social Security benefits the earliest age of 62, full retirement age (66 or 67 depending on birth year), or maximum…
The Social Security Restricted Application
Tom Hager explains the goals of the restricted application: maximize the high earner benefit, coordinate the benefits between the spouses, and maximize the survivor benefits. To take advantage of the restricted application one must have been born before January 2, 1954…