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Ways to fund your overseas retirement
Do you imagine retiring overseas but you don’t think you have the money to do so? Expats and retirees who have retired overseas and who are currently earning income across the globe in some cases working as little as four…
A look at how the retirement age is changing
In 2019, the Social Security retirement age increases to 66.5 to claim your full benefit. While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. Read article…
Tips on a smoother transition into retirement
Many people look forward to their retirement, but you don’t want to rush into retirement without being adequately prepared. There are a few key things to know about retiring in 2019 that will help you navigate this milestone. Read article…
Using a Roth IRA as part of retirement planning strategy if you claim Social Security early
Social Security provides a critical source of money to more than 43 million retired workers, many of whom count on it for more than half their annual income. Since Social Security is key to achieving financial freedom in retirement for…
Ways to avoid running out of money in retirement
Nearly two in five (39 percent) United States retirees are spending more than they expected and just under 50 percent of pre-retired consumers (ages 40 plus) believe planning for retirement is more difficult for them than it was for their…
These 13 states tax Social Security benefits, too
When taxation of Social Security benefits began in 1984, it was only expected to affect about one in every 10 senior households. Then in 1993, the second tier of taxation was implemented that allowed up to 85 percent of benefits…
New leadership coming to tax writing and Social Security committees
The new leader of the powerful House Ways and Means Committee is predicted to be Rep. Richard Neal of Massachusetts, a moderate Democrat. One of the six subcommittees is the Subcommittee on Social Security, which is where any reform legislation…
Relying solely on Social Security is an unwise choice
Trevor Gerszt, writing for NewsMax Finance, explains how Social Security works and why it is not working. The problem is the looming insolvency date of 2034 as projected by The Social Security Trustees. Without congressional action before then, benefits cannot…
Maximizing your Medicare and Social Security benefits
Lee Barney’s piece details some concepts to keep in mind in making two of the most important financial decisions of one’s lifetime– when to take Social Security and Medicare. In a nutshell, one should strive for 35 years of income…
A ‘Q and A’ on all things related to taking benefits at age 62
Tom Margeneau answers a number of questions in this piece in The Arizona Daily Star about taking benefits at age 62. Among them include: Are more people taking benefits at 62 these days? Why didn’t I get a check for…