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Social Security Benefits: The Importance of Patience
A surprisingly high number of folks opt to file for their Social Security benefits at the earliest possible point (age 62), and although this trend is declining a bit, it’s still a high percentage. The result, of course, is that monthly…
Social Security…Who Needs It?
In a strange twist of thinking, 37% of Millennials participating in a recent 2,000 person surveyed conducted by Provision Living say they won’t need income from Social Security when they hit retirement. Optimism is a good thing to have, but…
Behind on Savings? Social Security Won’t Carry You Completely in Retirement.
Many media reports have highlighted the inadequate saving habits of Americans, especially those aging into (or already in) their retirement years. Unfortunately, as the staff at The Motley Fool points out in a post on their website, this lack of…
Retirement Planning–Some Trends to Be Aware Of
Forbes contributor Greg Herlean, in a post on their website, takes a look at some definite trends that have evolved in recent years in the word of retirement planning…and they’re not necessarily positive trends at that. The good news is that…
Four Key Social Security Facts for 2019
The Motley Fool’s Dan Caplinger, in a post on their website, discusses four significant facts for Social Security recipients in 2019. They include the 2.8% COLA, the change in retirement age affecting some, the new taxation limits for high wage earners,…
Your Retirement and Health Care Expenses
Many retirees will be surprised, and not pleasantly, to know that healthcare expenditures are statistically expected to “consume around one-third of the total amount of monthly benefits seniors receive from Social Security.” So says The Motley Fool’s Christy Bieber in…
Boomers: Some Thoughts on Retirement Strategies
MoneyWatch’s Steve Vernon, in a post on www.cbsnews.com, examines the dilemma faced by many members of the “baby boom” generation–inadequate financial resources for their years in retirement. As he points out in his post, those falling into this category “… will…
SSA: “Hiring Our Heroes is an Honor”
(Source; Social Security Administration) Social Security protects all Americans. We are especially proud of our commitment to provide high quality service and support to the men and women who proudly served, and are serving, our country. Social Security expedites medical decisions at all levels…
HSAs and Your Retirement
Although largely underutilized in retirement planning, it appears that Health Savings Accounts (HSAs). This conclusion is drawn by the Arizona Republic’s Russ Wiles in a post on www.usatoday.com. Wiles covers the ways that HSAs can fit into a retirement financial plan, touching…
Social Security Solvency Dilemma–We’re Not Alone
When discussing the solvency dilemma projected for 2034, when the Social Security Trust Funds are fully depleted, one often here’s the comment, “How do other countries do it?” Well, it turns out other countries are not all in such great…