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Phases of retirement
Are you familiar with the four phases of retirement? If not, then this article is for you. Click here to read the attached article explaining the four phases of retirement and how only 20 -25 percent of retirees ever reach…
It pays to understand how Social Security works
A minor misstep can rob your nest egg of tens or thousands of dollars in retirement benefits. It pays to understand how Social Security works and how to maximize your Social Security benefit. Here are seven of the biggest and…
More employers are developing financial wellbeing initiatives
According to the 2018 Gallagher Benefits Strategy & Benchmarking Survey more employers that offer retirement programs are measuring the financial readiness of employees to retire. Employers have found the consequences of issues that employees experience if they’re financially underprepared for…
Does filing early really hurt seniors in the long run?
Many of us grapple with the decision of when to file for Social Security, because while those benefits themselves are initially based on a given worker’s lifetime earnings, the age at which they’re first claimed can cause that number to…
Are you planning on collecting Social Security at 62? You may want to think again
The earliest age and by far the most common age for people to start taking their Social Security retirement benefits is: 62. Although it may seem tempting to collect as soon as possible, it could very well backfire on you.…
Charts to see how your benefits could change starting in January
Wondering what your Social Security check will look like in 2019? The Social Security Administration has examples of estimated average monthly Social Security benefits payable in January 2019, both before and after next year’s 2.8 percent cost-of-living adjustment. If you…
States and Congress are working on reshaping retirement planning
According to recent data from the Indexed Annuity Leadership Council (IALC), found although 57 percent of Americans surveyed are excited about retirement; however, many are unprepared to turn their dream golden years into reality. Similarly, the Pew Research Center found…
Are you apprehensive about retirement?
Often, people are a bit apprehensive about retirement. While some people might have been saving and planning for decades for retirement, others might not have given much thought to it. Experts say the transition should get more than just a…
Updating the Social Security number system
At a recent panel on updating the Social Security Number systems, experts in cybersecurity agree that most fixes suggested are either technologically untested, expensive to implement or both. They say the core problem with the national identity system that has…
Deciding when to take Social Security
A sizable amount of Social Security beneficiaries depend on their Social Security benefit for 90 percent or more of their retirement income. So, that is why it’s important for pre-retirees to figure the best time to take Social Security. Deciding when to take…